The American Gaming Association said US commercial gaming revenue reached $78.6bn in 2025, rising 9.1% year on year and generating $17.9bn in gaming taxes for state and local governments. Its report also put sports betting revenue at $16.9bn and online casino revenue above $10.7bn across seven legal states.
The figures give operators and regulators a measure of commercial gaming revenue and tax contributions across the US.
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American Gaming Association chief executive Bill Miller told a US Senate subcommittee on 20 May that the Commodity Futures Trading Commission should focus on financial markets rather than sports betting. Miller argued that prediction markets present sports betting as financial contracts, while Coalition for Prediction Markets senior adviser Patrick McHenry defended operators’ safeguards and the CFTC’s oversight role.
The American Gaming Association told a US Senate subcommittee that sports prediction markets operate outside state and tribal gaming frameworks. President and CEO Bill Miller said sports-related activity accounts for about 86% of Kalshi’s business and has generated more than $47 billion in trading volume this year; he cited $227,000 in sports-related volume in 2024. Miller urged lawmakers to preserve states’ authority over sports betting.
The American Gaming Association urged Congress at a Senate subcommittee hearing on 20 May to prevent prediction markets from offering sports contracts in the USA. Its president, Bill Miller, argued these products amount to sports betting and bypass state and tribal protections; a representative for the Coalition for Prediction Markets disputed that comparison.
The American Gaming Association (AGA) said it would focus on prediction markets in 2026 after its work helped push sweepstakes casinos out of many key US markets in 2025. AGA President and CEO Bill Miller said the association views prediction platforms as operating outside state and tribal sports-betting frameworks. The AGA report put 2025 US commercial gaming revenue at $78.6bn, up 9%.
The American Gaming Association said prediction markets offering sports event contracts pose a growing challenge to state- and tribal-regulated operators. Its Gaming Industry Outlook, produced with Oxford Economics, recorded a 1.5% rise in real activity and executive confidence of 21.4% net positive.