Wilna van Wyk Casino Expert
Wilna van Wyk is an online casino enthusiast with over a decade of experience working with some of the world’s biggest gambling affiliates, including Thunderstruck Media and OneTwenty Group. She specializes in gambling sites and...
Read Full BioIt’s boom time for iGaming in the US. Huge growth in the last quarter of 2024 has set new records for the seven states that currently allow legal online gambling.
Total revenue reached nearly $8 billion, underscoring the increasing popularity of iGaming. Gambling operator Flutter Entertainment is leading the charge, with extraordinary revenue growth of 43% in Q4.
Growth was impressive throughout 2024, but it was the final quarter when revenues spiked; the surge fuelled by a combination of major sporting events, seasonal promotions, and holiday campaigns, encouraging greater engagement from players.
Flutter CEO Peter Jackson said: “Obviously we’re very pleased with the performance we saw in Q4. It’s worth remembering that our business, from a sports perspective, has a degree of seasonality. Q4 and Q1 are always going to be the busiest periods for us.”
According to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker, this is the industry’s fourth straight record revenue year, with Q4 setting an all-time quarter record revenue of $18.62 billion.
Las Vegas still holds the top spot as the leading market by commercial revenue. Hot on Sin City’s heels are New Jersey, Chicago, Baltimore and Washington, D.C.
Local government coffers are feeling the benefit, with commercial gaming operators contributing $15.66 billion in gaming taxes, an increase of 8.5% on 2023.
AGA CEO Bill Miller also highlights the knock-on benefits of a booming igaming business. He says: “The sustained growth of legal gaming is a win for our industry and the consumers and communities we serve. Every dollar of gaming revenue fuels jobs, investment, and economic growth—reinforcing why the legal industry’s expansion is so important.”
Prospects for 2025 were initially optimistic. However, fears of downturn, generated by the ongoing economic rollercoaster, are casting a long shadow. Sportsbooks are now taking bets on a recession.
Polymarket, one of the leading predictors, says there is a 37% chance America will slip into a recession. Another leading forecaster – Kalshi – puts the probability at 42%.
