US Online Casino Revenue Hits Record $8.41B in 2024

The US online casino market had a massive year in 2024, with revenue climbing to $8.41 billion, marking a 28.7% increase from the previous year. According to the latest American Gaming Association (AGA) report, iGaming now accounts for 11.7% of total US commercial gaming revenue, proving that online casinos are more than just a trend. They are the future of gambling. The top three states, with significant increases over the previous year, were Pennsylvania, New Jersey, and Michigan.

In total, US commercial gaming revenue hit $71.92 billion in 2024, making it the fourth consecutive year of record-breaking growth. Every state with a legal iGaming market before January 1, 2024, set new revenue records, reinforcing the steady rise of online gambling.

Traditional casino revenue only grew by 0.8% in 2024, but iGaming’s share of the overall market jumped to an impressive 28.7%, up from 9.7% the previous year. This shift shows that more players are choosing online platforms over physical casinos.

More players are shifting to online casinos for a few key reasons. First, the availability of live dealer games has revolutionized the experience, bringing the excitement of a real casino straight to players’ screens. Second, mobile gaming has made access more convenient than ever, with seamless apps and responsive websites allowing people to play anywhere. Third, game libraries have expanded, offering everything from interactive slots to innovative table game variations.

The Current State of Legal Online Gaming in the United States

Despite the rapid growth of online casinos, only seven states have fully legalized and regulated iGaming: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia.

Rhode Island was the latest to join, launching its regulated online casino market in March 2024. Meanwhile, several other states are still weighing the pros and cons, with opponents arguing that online casinos could hurt brick-and-mortar venues and increase the risks of problem gambling. However, AGA CEO Bill Miller has dismissed these concerns, pointing to New Jersey, where both physical and online casinos have grown together rather than competing against each other.

Several other states are actively debating iGaming legislation in 2025. In Illinois, lawmakers have reintroduced two online casino bills, sparking renewed discussions about regulation. In Maryland, House Bill 17 proposes a regulated iGaming market, with tax revenue directed toward education and infrastructure, though progress has slowed in recent weeks. Other states have faced setbacks. Virginia’s Senate Bill 827 has been delayed until 2026, and Wyoming’s latest attempt at legalization failed in the state legislature.