Casino game. Source: GameSpace

AGA Reports 13th Consecutive Quarter of Profit Growth

The American Gaming Association (AGA) has reported its 13th consecutive quarter of profit growth, marking a significant milestone for the US gambling industry. The first-quarter earnings for 2024 reached a record high of $17.67 billion, continuing the upward trend in the sector.

Eleven US jurisdictions, including the major markets of Pennsylvania and New York, set new quarterly records. The growth was observed across both retail and online gaming sectors.

Sports betting also contributed to this impressive performance, with Americans placing a record $36.86 billion in bets during the first quarter. This generated $3.33 billion in revenue, reflecting a 22% increase compared to the same period in 2023. The continuous growth underscores the robust expansion and increasing popularity of the commercial gaming industry in the United States.

17 May 2024, 17:00

Finance USA

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