IPepper news
  1. Main
  2. /

    News
  3. /

    Finance
  4. /

    US reports growing ...
  5. /...
US reports growing gambling industry revenues for the month
Dollars against the backdrop of the US flag. Source: Shutterstock

US reports growing gambling industry revenues for the month

The American Gaming Association (AGA) has published its revenue report for July, revealing that the industry generated a record $5.7 billion during this period. Additionally, gaming revenue for the year-to-date has increased by 7.2% compared to 2023, totaling $41.2 billion. The combined revenue from betting and iGaming surged by 35.4% to $1.48 billion, with online gaming representing over a quarter (25.9%) of total commercial revenue in July, up from 19.7% in July 2023.

However, revenue from table games fell by 15.3% to $827.4 million, largely due to renovations in Nevada, which led to a sharp decline in baccarat sales on the Las Vegas Strip compared to the previous year. Among the 27 states that permit traditional slot machine gaming, only six saw revenue growth compared to July 2023.

Year-over-year, gaming revenue rose by 32.5% to $669.8 million. In the first half of 2024, this sector generated $4.64 billion, marking a 26.6% increase compared to the same period last year.

FinanceIgamingGamblingUSA

Finance
Flutter Enters Top 3 Largest Bookmakers in Brazil

28 September 2024, 10:08

DraftKings to Pay $200,000 Fine Over Social Media Post

27 September 2024, 15:41

Star Entertainment Group Reports Financial Downturn

27 September 2024, 10:54

Flutter Entertainment aims to triple profits

26 September 2024, 09:19

Tabcorp Chairman Announces Resignation

20 September 2024, 09:05

Pennsylvania's Total Gambling Revenue Reaches $525.5 Million

19 September 2024, 11:05

Other news
US reports growing gambling industry revenues for the month
US reports growing gambling industry revenues for the month

The American Gaming Association (AGA) has published its revenue report for July, revealing that the industry generated a record $5.7 billion during this period. Additionally, ...

Prominent Casino Player to Host Show with SportsGrid
Prominent Casino Player to Host Show with SportsGrid

Renowned casino influencer and YouTuber Brian Christopher is collaborating with SportsGrid, the first 24/7 sports betting network in the U.S. that offers a wide range of ...

One of Germany's states has been given the green light for online casinos and poker
One of Germany's states has been given the green light for online casinos and poker

Schleswig-Holstein has become the first German state to grant licences to commercial operators for offering online casino and table games. Tipico, BluBet, Cashpoint, and Skill ...

Articles
Why will the Snaitech deal double Flutter's market share in Italy?
Why will the Snaitech deal double Flutter's market share in Italy?

Analysts have welcomed Flutter's acquisition of Italian B2C business Snaitech for €2.3 billion, which took place in mid-September. Flutter can now double its market share in ...

Hiring Talent from Different Industries: Why and How?
Hiring Talent from Different Industries: Why and How?

At Pepper Partners, a leading iGaming CPA network, the team consists of professionals from various industries. For instance, our Chief Commercial Officer (CCO) joined us from ...

The Social Casino Phenomenon: Real Money and Databases for Bookmakers
The Social Casino Phenomenon: Real Money and Databases for Bookmakers

In the gambling industry, the Free to Play model is not dependent on turning players into gamblers for profitability, according to a columnist for the specialised publication ...

Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?

Gonzalo Perez, the CEO of Peruvian powerhouse Apuesta Total, believes that the new regulated online market in Peru will likely see dominance from just three or four major ...

Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data

In his opinion column, IGB expert Tom Waterhouse explores the significance of sports data analytics and data providers within the evolving landscape of sports betting. He ...

Categories