The American Gaming Association (AGA) discussed key topics in the gambling industry during its “State of the Industry” webinar. The focus was on the growth of the iGaming sector, the dangers of illegal gambling, and collaboration with the incoming U.S. government. The AGA also presented financial data showing a 7.5% increase in gross gaming revenue (GGR) to $71.9 billion in 2024.
Growth of the iGaming Sector
The iGaming sector is expanding rapidly, accounting for 30% of total GGR in 2024—a significant increase from 15% in 2021. Despite this growth, concerns remain about its impact on land-based casinos. Some states are still hesitant to legalize online gambling due to fears of negative effects on existing brick-and-mortar establishments.
Dangers of Illegal Gambling
A key topic of the webinar was the threat posed by illegal gambling operators. According to the AGA, unlicensed operators handled over $400 billion in wagers in 2024. This resulted in estimated tax losses of more than $4 billion for affected communities. Particularly problematic are so-called sweepstakes casinos, which operate in legal gray areas and could cost the U.S. up to $17.3 billion in lost revenue annually.
Political Developments and Regulatory Challenges
The AGA expressed optimism about working with the new U.S. government under President Donald Trump. In the past, Trump has supported the gambling industry, including financial aid during the COVID-19 pandemic. The expansion of the sports betting market was also discussed. In 2024, new markets launched in North Carolina and Vermont. Missouri could follow by 2025, as preparations are already well underway.
Current developments indicate that iGaming continues to gain importance. At the same time, the fight against illegal operators remains a major challenge. Market regulation will be crucial to ensuring player protection and minimizing tax losses. Collaboration between the gambling industry and the U.S. government could play a key role in this process. It remains to be seen how legislation will evolve in the coming years.
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