After a tough beginning of the year, commercial casino gaming markets have rebounded the last couple months and online casino and sports betting continue strong growth. Somewhat contrary to recent prognostications of recession. However more commercial markets are down than up and those that are up significantly are in the early innings of their cycle toward maturity. How much gas is left in the consumer tank? Interesting times ahead.
During the first six months of 2024, domestic gaming revenue increased by $2.6bn year-over-year, or 7.6%. We highlight that the US domestic commercial casino market continues to grow despite the meaningful growth across the sports betting, iGaming and VGT distributed gaming segments. Similar to May 2024, June 2024 was an encouraging month across all segments, growing by 9.7% with commercial casinos increasing 2.0% over the prior year. If you'd like more information, reach out to any of our partners.
Emmy Award-winning creative & product director driving iGaming innovation via regulated videogame and technology development. Trusted collegiate and corporate advisor, lobbyist, radio host, and industry speaker.
3moThey need new products to be introduced into the market :)