- Gaming reports from 2025 showed a 22.6% sports betting revenue increase across the U.S.
- Total gaming revenue reached $78.62 billion in 2025, a 9.1% increase from 2024.
- American Gaming Association (AGA) President and CEO labeled prediction markets as a “growing threat.”
NEW YORK – American gaming revenue reached new heights in 2025, surpassing $78 billion in commercial gaming revenue that includes sports betting, land-based casinos, and iGaming. Revenue numbers for legal sports betting hit $16.89 billion, a 22.6% increase from 2024.
New York remains the biggest legal sports betting state, contributing over $2.5 billion in 2025. The report included revenue from 35 states with legal sports betting, including Missouri’s short contributions after their December launch.
These numbers from the American Gaming Association’s State of the States doesn’t include sportsbooks from tribal casinos or mobile sports betting numbers from Florida. This data fits into tribal gaming revenue, which saw a 4.6% increase up to $43.83 billion in 2024.
American Gaming Association CEO Addresses Prediction Markets
“We mobilized the industry and our partners to address the growing threat of prediction markets offering sports betting outside of established state and tribal gaming law, said William Miller, AGA President and CEO, in his message. “This fight goes to the heart of the American gaming framework: consumer protections, responsible gaming standards, and the fair distribution of tax revenue depend on a clear, state-regulated system”
President and CEO Miller again highlighted prediction markets in the “illegal Gaming” section of the report, stating that 16 different states took action against prediction platforms offering sports-related event contracts. In 2026, prediction market bills in Pennsylvania and Ohio look to tax these prediction platforms.
The report also included state restrictions against sweepstakes gaming platforms, who often resemble online sportsbooks or casinos. California, Connecticut, Montana, New Jersey, and New York were the five states who went after these platforms in 2025.
