The American sports betting industry registered a record of $ 13.71 billion in revenues of 2024, compared to the 2023 record of $ 11.04 billion, according to the annual report of the American Games Association issued on Wednesday.
The AGA, during his call from the state of the industry, said that the legal betting houses took almost $ 150 billion in bets, an increase of 22.2% of 2023. Sports albums won at a rate of 9.3% nationwide, A slight increase in the retention percentage of 9.1% of 2023.
The AGA also reported that the fourth quarter of 2024 was the most lucrative quarter of the record industry at $ 3.66 billion, an increase of 7.3% with respect to the anterior quarterly record established in the fourth quarter of 2023. This was despite the NFL favorites, which are generally more supported by the audience, win historical rates during the 2024 season.
The industry is evolving even as more states continue to legalize sports bets and normalize throughout the country.
“Last year he saw a slow brick and mortar income, while online games and sports bets continued to grow,” said Vice President of AGA investigation, David form, during the call. “In recent years the industry has remodeled, and the income cake, although it is much larger, it looks very different from what it used to do. That is increasingly driven by the new online games options available for more people than never”.
They form said that 30% of all commercial games come from digital sources in 2024, compared to 25% in 2023 and 13% in 2021.
As of February 2025, 38 states and Washington, DC, have legalized sports bets in some way, although only 24 jurisdictions have complete online sports bets with multiple operators. North Carolina and Vermont fall in the last category and were taxpayers to record income in their first year of operation.
New York retained its position as the largest sports betting market in the country, generating $ 2.1 billion in revenues by 2024. Illinois beat New Jersey to become the second largest market, but both states exceeded $ 1 billion in Annual sports betting income for the first time.
“Much of the growth was really driven by existing markets. Even the markets that have been online for some time, we saw a really good growth,” they told ESPN in a monitoring call, pointing to Massachusetts (income growth 40%) and Maryland (23%) as key examples. “So it is really taking new people to the ecosystem and then continues to relate to people who are already betting on sports.”
The sports betting industry is scheduled to potentially add a new state in 2025: Missouri legalized sports bets through a voting initiative in November, and the State is expected to be launched from the middle and end of summer.
