Our quarterly industry roundup is here. The preliminary 2025 numbers just dropped from the major regulators in Nevada, Macau, Singapore and across the European Gaming & Betting Association markets — and they tell a story nobody on the analyst desks saw coming three years ago.
For the first time in the industry’s history, worldwide gross gaming revenue crossed the $260 billion mark, according to consolidated figures released last week. That’s up roughly 11% year over year, with the lion’s share of growth driven by online verticals and a surprisingly strong land-based comeback in Asia-Pacific.
The big movers? Macau surged past $30 billion for the first time since the pandemic. Regulated US online sports betting handled more than $150 billion in wagers across 41 states. And even sleepy old Atlantic City posted its best May in two decades, helped along by a brutal summer in the Northeast that drove weekend traffic indoors and onto the casino floor.
We’ve broken down where every dollar came from — by region, by vertical, by operator — and what the numbers really mean for the back half of 2026. Spoiler: not everyone is celebrating.
