iGaming Drives Record Growth in US Gambling Market

The US commercial gaming industry recorded $6.73 billion in revenue in May 2025, according to new figures from the American Gaming Association. provides financial insights across all US markets, helping stakeholders monitor performance and spot emerging trends. This year, it has unveiled some very interesting trends, continuing on with a momentum that seems not to be slowing down.

This impressive figure marks a 10.9% increase year over year and sets a new record for May performance. Year-to-date revenue through May stands at $31.89 billion, a 7.1% rise from the same period in 2024. The gains reflect consistent growth across traditional casinos, sports betting, and iGaming.

iGaming and Online Sports Betting Performance

Online gaming posted the strongest gains. Combined iGaming and online sports betting revenue reached $2.19 billion, up 27.5% from May 2024. iGaming revenue alone hit $899.8 million, rising 33% across seven active states. Delaware, Rhode Island, and West Virginia more than doubled their revenue from a year earlier.

On a similar note, online sports betting revenue grew 21.4% year over year. Combined with retail, commercial sportsbook revenue totaled $1.37 billion, a 24.3% increase. Wagering volume rose to $12.1 billion, up 15.5%, while the national hold improved to 11.3% from 10.5% last May.

Through the first five months of 2025, sports betting revenue reached $6.50 billion, up 13.1% from the prior year. iGaming revenue totaled $4.29 billion, a 29.5% increase over the same period in 2024.

Land-Based Casinos Maintain Stable Performance

Land-based gaming generated $4.53 billion in May, growing 4.8% year over year. Slot machine revenue rose 4.4% to $3.24 billion, while table games added $894.07 million, up 3.3%. These totals exclude states like Louisiana and Michigan, which report combined slot and table revenue.

Among the 27 states with traditional casino operations, 24 posted gains. Nevada, South Dakota, and Delaware saw modest declines. Growth was led by newer or expanding markets such as Nebraska (up 149.8%), Virginia (36.1%), and Illinois (22.7%). West Virginia, New Jersey, and Maine also saw double-digit increases.

National Expansion Paying Off

Out of 37 commercial gaming jurisdictions with available May data, 35 reported year-over-year revenue increases. Only Nevada and South Dakota recorded declines.

The shift toward digital continues to reshape the market. While traditional gaming remains a key revenue source, online platforms are now essential to industry growth. Operators are increasingly investing in iGaming and mobile sportsbook offerings to capture evolving consumer behavior.