U.S. Commercial Casino Revenue Reaches Historic High of $78.62 Billion in 2025
The American Gaming Association released its annual State of the States 2026 report in May 2026, and this document details record commercial casino gaming revenue of $78.62 billion for 2025, which represents a 9.1 percent increase over the previous year, while 34 of 38 jurisdictions along with the District of Columbia each set new annual records during the same period.
Breakdown of Revenue Sources
Land-based casinos generated $51.06 billion of that total, whereas sports betting contributed $16.89 billion after rising 22.6 percent year over year, and iGaming produced $10.73 billion following a 27.6 percent gain across the seven states where it operates legally, and these three segments together accounted for the full $78.62 billion figure while demonstrating continued expansion across multiple channels.
Those who've tracked the industry for years note that the combined growth reflects broader participation in both traditional and digital formats, and the report shows sports betting and iGaming posted the strongest percentage gains, while land-based casinos still supplied the largest absolute dollar amount.
Tax Revenue and State-Level Records
Direct gaming taxes reached $17.86 billion in 2025 after climbing 12.3 percent, and this amount flowed to state and local governments from the 38 jurisdictions plus the District of Columbia that authorize commercial casino gaming, and the report indicates nearly all of those markets established new single-year benchmarks for total revenue.
Observers note that consistent tax growth has accompanied the expansion of legal options, while the data shows operators in record-setting states benefited from sustained visitor volumes alongside increased online and mobile activity throughout the calendar year.
Enforcement Actions Against Illegal Offerings
The report also covers enforcement efforts targeting illegal gaming operations, including prediction markets and sweepstakes-based platforms that operate outside state regulatory frameworks, and authorities in multiple jurisdictions pursued actions against these entities during 2025, according to the American Gaming Association.
Data from the survey highlights how legal markets continue to face competition from unregulated alternatives, and the AGA document details specific cases where regulators moved to shut down or restrict such activities in order to protect consumers and maintain tax collections within authorized channels.
State-by-State Performance Patterns
Thirty-four of the 38 reporting jurisdictions plus the District of Columbia posted new annual revenue records in 2025, and this widespread achievement occurred even as individual markets experienced varying growth rates across land-based, sports betting, and iGaming segments, and the report presents jurisdiction-level figures that illustrate how mature markets and newer entrants both contributed to the national total.
Experts have observed that the 9.1 percent overall increase built on prior years of expansion, while the 22.6 percent jump in sports betting and 27.6 percent rise in iGaming indicate accelerating adoption of digital products in the states where they are permitted, and land-based revenue remained the foundation despite slower percentage growth.
Industry Context and Future Tracking
The State of the States 2026 report compiles data directly from commercial casino operators and state regulators, and it serves as the primary annual benchmark for measuring the scale of the legal U.S. gaming sector, while also documenting enforcement trends that affect both licensed and unlicensed operators.
Those who follow regulatory developments note that the 12.3 percent rise in direct gaming taxes aligns with the revenue increases, and the figures reveal how state budgets continue to receive substantial contributions from the sector amid ongoing expansion into new product categories.
Conclusion
The American Gaming Association's State of the States 2026 report establishes that 2025 marked another year of record commercial casino revenue, tax collections, and jurisdictional benchmarks across the United States, and the detailed breakdown of land-based, sports betting, and iGaming performance provides a clear picture of where growth occurred, while enforcement sections underscore continued regulatory attention on illegal offerings, and industry participants and policymakers now have updated benchmarks against which to measure 2026 activity. State of the States 2026: The AGA Survey of the Commercial Casino Industry