U.S. gaming tax + iGaming boom set revenue records into year‑end

U.S. gaming tax + iGaming boom set revenue records into year‑end.
Total U.S. commercial gaming revenue through October 2025 hit $64.30 B, up 8.7 % YoY, with online gambling and sports betting driving the growth engine across states. Industry forecasts now project U.S. online gambling gross revenues approaching $26.8 B in 2025, up from $23.4 B in 2024 — signaling sustained digital expansion. American Gaming Association+1

Tax regimes are also shifting: federal proposals would limit gambling loss deductions to 90 % of winnings (raising revenue by an expected $1.1 B) — though repeal pressure grows as operators push back. Kiplinger

🔥 TRI‑STATE HEAT

New York

• NYS Gaming Commission awarded three conditional full‑service casino licenses for downstate NY (including NYC) — Bally’s in the Bronx, Hard Rock Met Park near Citi Field, and Resorts World NY City in Queens — unlocking billions in future infrastructure and revenue potential. Elite Sports NY

• NYC casinos are tied to major transit upgrades and community reinvestment commitments, broader economic impact beyond gaming alone. New York Post

• Online iGaming still pending approval in NY for 2025, but the licensing push suggests groundwork for future expansion. Elite Sports NY

New Jersey

• New Jersey iGaming revenue surpassed $2.1 B year‑to‑date (2025), on track to challenge prior records with strong online slots/table performance dominating total casino wins. Gaming Today

• Retail casino win stayed flat while online gaming jumped ~16.8 % YOY, underscoring the shift from brick‑and‑mortar to digital. NJBIZ

Pennsylvania / Philadelphia

• Pennsylvania iGaming exceeded $3 B in 2025 revenue after another $300 M+ month — among the highest online casino totals nationwide. PlayPennsylvania

• Across PA, land‑based slot/table games remain stable and sports betting continues steady contributions to state taxes. Wikipedia

🌍 GLOBAL GAMBLING BUZZ

• 🇬🇧 UK black‑market bookies expected to handle £100 M on Boxing Day as higher gambling taxes squeeze regulated operators — a major warning on tax policy and player diversion. The Sun

• 🇨🇦 Canada’s Alberta gearing up to launch legal online gambling in early 2026, expanding regulated North American markets. canadiangamingbusiness

• Regulatory/legal shifts continue globally with broader gaming tax reforms and prediction market oversight shaping 2026 ahead. WilmerHale

✨ HOROSCOPE HUSTLE

Entertainment‑only — no financial advice. Numbers for fun.