The U.S. sports betting industry posted a record $13.71B in 2024 revenue, “up from 2023’s record” of $11.04B, according to Doug Greenberg of ESPN.com. These numbers come from the American Gaming Association’s annual report, which also reported that Q4 2024 was the industry’s “most lucrative quarter on record” at $3.66B -- a 7.3% increase from the previous quarterly record set in Q4 2023. The AGA, during its state of the industry call, said that legal sportsbooks “took nearly” $150B worth of bets, a 22.2% increase from 2023. Sportsbooks won at a 9.3% rate nationally, a “slight increase” from 2023’s 9.1% hold percentage. AGA VP/Research David Forman said that 30% of all commercial gaming revenue “came from digital sources in 2024,” compared to 25% in 2023 and 13% in 2021. N.Y. “retained its position” as the “largest sports betting market in the country,” generating $2.1B in revenue for 2024. Illinois surpassed New Jersey to become the “second-largest market,” but both states exceeded $1B in annual sports betting revenue for the first time (ESPN.com, 2/19).
U.S. sports betting industry posts record $13.7B revenue for 2024
