The US commercial gaming industry recorded $6.73 billion in revenue in May 2025, marking a 10.9% year-over-year increase and the highest May performance on record, according to the American Gaming Association (AGA).
The total includes earnings from traditional casino games, retail and online sports betting, and iGaming. Cumulative commercial gaming revenue from January through May rose to $31.89 billion, a 7.1% increase compared to the same period in 2024.
Land-based gaming revenue rises 4.8%
Revenue from land-based gaming, including traditional casino games and retail sports betting, reached $4.53 billion in May, up 4.8% from the previous year. Traditional casino games generated $4.45 billion, a 3.9% increase.
Slot machine revenue grew 4.4% to $3.24 billion, while table games brought in $894.1 million, up 3.3%. These figures exclude Louisiana and Michigan, which report combined slot and table game data. Retail sports betting revenue more than doubled, increasing by 101.8%.
Out of the 37 jurisdictions with complete May data, 35 reported year-over-year revenue increases. Only Nevada and South Dakota experienced overall declines, falling 2.2% and 3.1%, respectively.
Among the 27 states with traditional slot machines or table games, three saw revenue declines: Nevada (-3.4%), South Dakota (-2.7%), and Delaware (-1.0%).
Growth in other states was led by Nebraska (+149.8%), Virginia (+36.1%), and Illinois (+22.7%). West Virginia, New Jersey, and Maine also saw gains of 24.4%, 10.9%, and 10.4%, respectively.
For the five-month period ending in May, combined revenue from slot machines and table games totaled $21.06 billion, up 1.8% year-over-year.
Online gaming expands rapidly
Online gaming revenue grew faster than the land-based segment. Total online revenue in May reached $2.19 billion, a 27.5% increase from May 2024. Of that, iGaming generated $899.8 million, up 33%, while online sports betting revenue climbed 21.4%.
All seven states with legal iGaming reported annual increases, with Delaware, Rhode Island, and West Virginia more than doubling their revenue compared to a year earlier. Year-to-date iGaming revenue rose 29.5% to $4.29 billion.Â
Sports betting revenue hits $1.37B
Commercial sports betting revenue in May totaled $1.37 billion, reflecting a 24.3% increase year-over-year. Americans wagered $12.10 billion, up 15.5% from the prior year. The national hold rate was 11.3%, compared to 10.5% in May 2024. Arizona’s data was not available at the time of reporting.
For the year through May, commercial sportsbook revenue reached $6.50 billion, up 13.1% from the same period last year.
The AGA’s Commercial Gaming Revenue Tracker compiles these figures using state regulatory data and provides monthly and quarterly updates on financial performance across gaming verticals.
