US Casinos Break Records with $78.6 Billion Revenue in 2025
US casinos achieved unprecedented success in 2025, with commercial establishments winning $78.6 billion, marking a 9.1% increase from the previous year. This milestone represents the industry’s strongest performance on record. The growth extended across the nation, as 34 of 38 states plus Washington, D.C., established new records for gambling revenue. Besides generating substantial returns for operators, US casinos revenue contributed significantly to public finances. Specifically, casinos paid a record total of $17.86 billion in direct gambling taxes to state and local governments, representing a 12.3% increase from the previous year.
US Casinos Revenue Shatters Records Across 34 States
The American Gaming Association reported that US casinos generated gross gaming revenue of $78.72 billion in 2025, with all 38 commercial gaming markets experiencing annual revenue increases. This performance underscores widespread consumer demand for regulated gambling across multiple jurisdictions. Traditional casino gaming remained the dominant revenue segment, producing $50.94 billion from slot machines and table games. America’s 493 commercial casino properties spread across 27 states collectively delivered this substantial performance.
Legal, state-regulated gaming generated $18.09 billion in tax revenue, supporting education, infrastructure, and public services nationwide. Traditional gaming contributed $11.33 billion in taxes, representing a 7.2% increase from the previous year. While most jurisdictions posted gains, Mississippi reported adjusted gross gaming revenue of $2.43 billion, remaining essentially unchanged from 2024. The state’s casino revenue decreased 0.1% year-over-year, with the Coastal region accounting for more than 65% of total revenue at $1.59 billion.
The industry supports approximately 1.8 million jobs across the United States. However, illegal gambling operations continue to generate an estimated $53.9 billion in annual revenue, resulting in more than $15 billion in lost state tax revenue.
Top Performers Lead Market as Competition Intensifies
Atlantic City properties dominated the national rankings, with three casinos landing among the highest-grossing establishments in the country. Borgata Hotel Casino & Spa climbed to third place nationally, posting nearly 8% annual revenue growth. Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort joined Borgata in the elite tier, with Ocean recording 8% growth while Hard Rock saw 1% gains.
Resorts World New York City maintained its position as the top commercial property outside Nevada for the third consecutive year, with MGM National Harbor in Maryland securing second place. Atlantic City casinos collectively earned just shy of $2.9 billion in 2025, a modest increase from $2.8 billion in 2024. Among retail properties, Borgata produced $800.5 million in gaming revenue, followed by Hard Rock at $550.8 million and Ocean Casino at $468.1 million.
Las Vegas Strip casinos collected $8.80 billion in gaming revenue despite experiencing a 7.5% decline in visitation to 38.54 million visitors. Strip properties accounted for 56% of Nevada’s gaming revenue. Meanwhile, New York City’s casino expansion intensified regional competition. Genting Malaysia’s Resorts World Casino New York City received one of three new licenses, with plans to invest $5.5 billion expanding its Queens location. The revamped property will feature 6,000 slot machines and 800 gambling tables, generating an estimated $2.2 billion in annual revenue.
Sports Betting and Online Gaming Fuel Growth Surge
Sports betting emerged as a powerful revenue driver for US casinos, generating $16.89 billion in 2025. Americans wagered approximately $167 billion in total bets, demonstrating how mainstream sports betting has become since legalization expanded after 2018. All 35 reporting sports betting jurisdictions experienced revenue growth during the year. State-regulated sportsbooks delivered $3.71 billion in taxes, up 32.4% year-over-year.
Online casino gaming produced equally impressive results across seven legal states. iGaming revenue reached $10.73 billion, reflecting a 27.6% increase from 2024. Pennsylvania remained the country’s largest iGaming market after statewide online casino revenue rose nearly 28% to $3.46 billion. Michigan and New Jersey joined Pennsylvania in accounting for 90% of total iGaming revenue.
New York led all states in sports betting revenue, accounting for 14.8% of the national total with $2.50 billion in profits. Illinois, New Jersey, and Ohio were the only other states to generate at least $1 billion in sports betting revenue.
A significant milestone occurred as iGaming revenue exceeded land-based commercial casino revenue for the first time in both Pennsylvania and New Jersey during 2025.
