Commercial Gaming Reaches New Record
The US commercial gaming industry achieved a record high in 2025, generating $78.72 billion in gross gaming revenue (GGR), reflecting a 9.2 percent increase compared to the previous year, as reported by the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker.
Impact on State Revenue
In 2025, state-regulated gaming resulted in $18.09 billion in gaming tax revenue, which supported various state and local services, including education and infrastructure. This marks a 15.1 percent rise from the previous year.
Bill Miller, President and CEO of the American Gaming Association, stated, "For another year, legal commercial gaming in the United States has delivered exceptional results for consumers, operators, and the communities we serve.” He emphasized that the record revenues and tax contributions illustrate the appeal of regulated gaming markets and the importance of strong state oversight as the industry evolves.
Revenue Breakdown
- Traditional Gaming: Generated $50.94 billion in revenue, a 2.3 percent increase, contributing $11.33 billion in taxes, up 7.2 percent.
- Sports Betting: Revenue rose to $16.96 billion, showing a 22.8 percent increase, on a total handle of $166.94 billion (+11 percent). State-regulated sportsbooks contributed $3.71 billion in taxes, a 32.4 percent year-over-year increase.
- iGaming: Achieved $10.74 billion in revenue, a 27.6 percent increase, and delivered $2.59 billion in taxes, a 36.9 percent rise.
All 38 commercial gaming markets experienced annual revenue increases in 2025, reflecting strong consumer interest in legal, regulated gaming and the growing economic impact of state-regulated markets.
Concerns Over Unregulated Markets
Industry leaders and lawmakers have raised concerns regarding prediction markets that offer sports contracts outside state and tribal regulatory frameworks. These platforms operate without state oversight, do not adhere to the same consumer protection and responsible gaming standards, and do not contribute tax revenue.
Despite the record state-regulated gaming tax impact in 2025, the AGA estimates that prediction markets offering sports event contracts have diverted over $500 million in potential sports betting tax revenue thus far.
Miller concluded, "With 2025 marking another record year, the industry’s performance reinforces a clear principle: Sports betting belongs under state and tribal regulation. That’s how consumers are protected and how communities share in the benefits.”
