Commercial gaming generates its best-ever May revenue in US
According to state regulatory data compiled by the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker, May commercial gaming industry revenue from traditional casino games, sports betting, and iGaming reached $6.73bn, 10.9 per cent higher than the previous year and the best May performance on record.
Through May 2025, commercial gaming revenue from the 1,011 casinos across 46 states, came in at $31.89bn, 7.1 per cent 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 (down 2.2 per cent) and South Dakota (-down 3.1 per cent had revenue declines.
Land-based gaming grew 4.8 per cent in May as combined monthly revenue from traditional casino games and retail sports betting reached $4.53bn. Retail sports betting revenue doubled, growing by 101.8 per cent, while revenue from traditional casino games increased 3.9 per cent.
Online gaming revenue – encompassing online sports betting and iGaming – expanded 27.5 per cent, reaching $2.19bn in May. Individually, iGaming revenue grew 33 per cent, while online sports betting revenue grew 21.4 per cent.
In May, traditional casino slot machines and table games generated revenue of $4.45bn, 3.9 per cent higher than the previous year. Slot revenue grew 4.4 per cent to $3.24bn, while table game revenue increased 3.3 per cent to $894.07m. 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 (down 3.4 per cent), South Dakota (down 2.7 per cent) and Delaware (down one per cent). Overall revenue growth was driven by markets with recent expansion including Illinois (up 22.7 per cent), Virginia (up 36.1 per cent) and Nebraska (up 149.8 per cent), but numerous other states posted strong traditional gaming growth, including West Virginia (up 24.4 per cent), New Jersey (up 10.9 per cent) and Maine (up 10.4 per cent).
For the first five months of the year, combined revenue from casino slot machines and table games totaled $21.06bn, a 1.8 per cent increase over the same period last year.
Commercial sportsbook revenue increased 24.3 per cent in May, reaching $1.37bn. (Arizona, which had not reported April or May figures at the time of publication, is excluded).
For the month, Americans wagered $12.10bn on sports, up 15.5 per cent year-over-year. The national hold rate was 11.3 per cent, up from 10.5 in May of 2025.
Year-to-date commercial sports betting revenue through May stands at $6.50bn, 13.1 per cent higher than the same period last year.
The iGaming sector continued its robust growth in May as revenue expanded 33.0 per cent year-over-year to $899.8m 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 $4.29bn, a 29.5 per cent increase compared to the same period last year.
