American gaming industry hits record $78.2bn GGR
Online casino, sports betting, and land-based operations all improve, while tax revenue also increases on 2024
The US commercial gaming industry generated a record $78.2bn in gross gaming revenue (GGR) in 2025, a 9.2% increase compared to the previous year, according to data from the American Gaming Association (AGA).
In 2025, $18.1bn in tax revenue was derived from gaming, which includes land-based casinos, online sports betting, and igaming, a figure 15.1% higher than 2024’s.
Land-based casinos generated $50.9bn in revenue, up 2.3% on 2024, while contributing $11.3bn in taxes, 7.2% more than the previous year.
Sports betting revenue rose 22.8% year over year to $17bn out of a total handle of $166.9bn, itself 11% greater than the previous year. Sportsbooks generated 32.4% more in taxes in 2025, at $3.7bn.
Looking at the vertical, New York had the largest sports betting revenue in 2025 with $2.6bn, a 23.7% jump for the Empire State.
Arizona broke into the top five largest sports betting states after a 29% surge, displacing Pennsylvania in the process.
Online casino earned $10.7bn in revenue (a 27.6% increase) and paid $2.6bn in taxes, a 36.9% jump from 2024.
December also saw igaming break the $1bn revenue mark in a single month for the first time.
“In three states, New Jersey, Pennsylvania, and Michigan, igaming revenue has now surpassed commercial brick-and-mortar revenue for the year,” the AGA noted.
All 38 states with regulated gaming markets saw annual revenue increases for 2025.
Bill Miller, president and CEO of the AGA, said: “For another year, legal commercial gaming in the US has delivered exceptional results for consumers, operators, and the communities we serve.
“These record revenues and tax contributions demonstrate the broad appeal of regulated gaming markets and why strong state oversight remains essential as our industry evolves.”
In its report, the AGA also reiterated its stance against prediction markets, which operate outside state and tribal regulation.
Prediction markets do not pay tax to state authorities, with the AGA estimating that since their inception, sports event contracts have deprived states of over $500m in sports betting tax revenue.
“With 2025 marking another record year, the industry’s performance reinforces a clear principle,” said Miller.
“Sports betting belongs under state and tribal regulation. That’s how consumers are protected and how communities share in the benefits.”
Results of a survey published last month by the trade body found that 78% of sports event contract traders believed state gambling regulators had the power to resolve disputes on their platform, even though they have none.
The survey also found around a quarter of sports event contract users view their activity as an investment.
FanDuel, DraftKings, and Fanatics all left the AGA last year. All three now offer prediction markets on their platforms.