The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals.
According to state regulatory data compiled by the AGA, May commercial gaming industry revenue from traditional casino games, sports betting, and iGaming reached $6.73 billion, 10.9 percent higher than the previous year and the best May performance on record.
Through May 2025, commercial gaming revenue is $31.89 billion, 7.1 percent higher than the same period last year.
Of the 37 commercial gaming jurisdictions that were operational a year ago and had published complete May data, 35 reported an increase in combined revenue from traditional casino games, sports betting, and iGaming compared to the previous year. Only Nevada (-2.2%) and South Dakota (-3.1%) had revenue declines.
Sports betting revenue data was not yet available for Arizona at the time of writing.
Land-based gaming grew 4.8 percent in May as combined monthly revenue from traditional casino games and retail sports betting reached $4.53 billion. Retail sports betting revenue doubled, growing by 101.8 percent, while revenue from traditional casino games increased 3.9%.
Online gaming revenue – encompassing online sports betting and iGaming – expanded 27.5 percent, reaching $2.19 billion in May. Individually, iGaming revenue grew 33 percent, while online sports betting revenue grew 21.4 percent.
In May, traditional casino slot machines and table games generated revenue of $4.45 billion, 3.9 percent higher than the previous year. Slot revenue grew 4.4 percent to $3.24 billion, while table game revenue increased 3.3 percent to $894.07 million. Individual slot and table figures exclude data from Louisiana and Michigan, which only report combined slot and table game revenue.
At the state level, three out of the 27 states with traditional casino slot machines or table games reported revenue declines compared to May 2024: Nevada (-3.4%), South Dakota (-2.7%) and Delaware (-1.0%). Overall revenue growth was driven by markets with recent expansion including Illinois (+22.7%), Virginia (+36.1%) and Nebraska (+149.8%), but numerous other states posted strong traditional gaming growth, including West Virginia (+24.4%), New Jersey (+10.9%) and Maine (+10.4%).
For the first five months of the year, combined revenue from casino slot machines and table games totaled $21.06 billion, a 1.8 percent increase over the same period last year.
Commercial sportsbook revenue increased 24.3 percent in May, reaching $1.37 billion. (Arizona, which had not reported April or May figures at the time of publication, is excluded).
For the month, Americans wagered $12.10 billion on sports, up 15.5 percent year-over-year. The national hold rate was 11.3 percent, up from 10.5 in May of 2025.
Year-to-date commercial sports betting revenue through May stands at $6.50 billion, 13.1 percent higher than the same period last year.
The iGaming sector continued its robust growth in May as revenue expanded 33.0 percent year-over-year to $899.8 million across seven active states, all of which posted annual revenue gains with Delaware, Rhode Island and West Virginia more than doubling iGaming revenue compared to May 2024.
Year-to-date through May, iGaming revenue reached $4.29 billion, a 29.5 percent increase compared to the same period last year.
About the Report
AGA’s Commercial Gaming Revenue Tracker provides state-by-state and nationwide insights into the U.S. commercial gaming industry’s financial performance. Monthly updates on AmericanGaming.org feature topline figures based on state revenue reports, while quarterly reports provide a more detailed analysis covering the three previous months.
