The U.S. commercial gaming industry continued its steady pace of expansion in the third quarter of 2025, posting revenue gains across the majority of market segments and states. Meanwhile, markets in East Asia continued to grow at an impressive pace while product offerings continued to evolve.
The domestic commercial gaming market showed resilience in the latest quarter, weathering the storm of economic uncertainty sourced to trade policies and a looming federal government shutdown. Total industry revenue grew for the 19th consecutive quarter nationwide, reaching $19.0 billion (+7.2 percent year over year), according to the American Gaming Association. The iGaming segment led the way in terms of growth, increasing 29.6 percent from the third quarter of 2024 to $2.7 billion. Sports betting revenue grew 6.8 percent on the year to $3.5 billion, a relatively muted growth rate for the rapidly evolving sector that is accustomed to double-digit annual increases. Slot machine and table game revenues grew to $9.5 billion (+4.0 percent year over year) and $2.5 billion (+1.3 percent year over year), respectively.
Industry growth was widespread across the nation. Among the 37 states with some form of gaming, 33 experienced year-over-year revenue increases in the third quarter. Nebraska led the way with revenues growing 63.5 percent to $66.8 million, bolstered by the opening of two new casino resorts.
READ THE FULL ARTICLE BY BRIAN R. GORDON IN THE WINTER 2025 EDITION OF GAMING & LEISURE MAGAZINE.