In fiscal year 2024-25, Pennsylvania sets a new high with $6.4 billion in gaming revenue.
In the world of gambling, the landscape is shifting dramatically, with online gambling revenues surging ahead of traditional retail casino gaming. This transformation is particularly evident in the fiscal year 2024/25, where iGaming revenues are growing significantly faster than their retail counterparts.
According to industry experts like Grant Mitchell, a seasoned veteran with extensive experience in the gambling industry, this rapid growth is driven by several factors. These include the expansion of legalized online gambling into new states, the rise of mobile-first platforms, and market consolidation among major operators.
The numbers speak for themselves. Online gambling revenue is forecasted to rise from $23.4 billion in 2024 to $26.8 billion in 2025, representing a strong double-digit growth. In contrast, land-based (retail) casino gaming revenue is growing more modestly, with a 3.9% increase in traditional casino games to $4.45 billion reported for May 2025 and a 4.8% overall increase in retail gaming revenue month-to-month.
From January to May 2025, total U.S. commercial gaming revenue reached $31.89 billion, up 7.1% year-over-year. Of this total, about one-third, or $2.19 billion, came from online sources including iGaming and online sports betting. This indicates the growing share and impact of digital gambling within the broader gaming market.
Retail sports betting showed notable strength with a 101.8% increase, but traditional retail casino games (slots and table games) grew at a slower pace between 3% and 4.4%. However, it's important to note that a significant portion of online gambling activity is occurring outside regulated markets through crypto casinos, which generated an estimated $67.1 billion in 2024, outpacing legal operators' growth by 64%.
Grant Mitchell, a name synonymous with persistence and high standards, is a well-respected figure in the industry. He consistently covers legislative news, financial updates, and general industry trends, providing valuable insights to both industry insiders and the general public.
In summary, the surge in regulated online gambling revenues in the U.S. for 2024/25 is a testament to the power of expanded legalization, enhanced mobile-centric experiences, and consolidation among major operators. As retail casino gaming revenues continue to grow at a steadier, more modest rate, it's clear that the market is adjusting to the impact of growing digital competition and changing consumer habits.
- Online casinos, such as those offering sports betting, roulette, and slot machines, are recording a rapid growth in revenues, surpassing traditional retail casino gaming.
- The growing popularity of mobile-first platforms and market consolidation among major operators are key factors contributing to the surge in iGaming revenues.
- In the fiscal year 2024/25, online gambling revenue is projected to rise from $23.4 billion to $26.8 billion, signifying a strong double-digit growth.
- Despite the robust growth in regulated online gambling, a significant amount of online gaming activity is occurring outside regulated markets, with crypto casinos generating an estimated $67.1 billion in 2024.
