Online gaming continues to post massive revenue numbers in legalized American markets. That included records in Michigan and Connecticut in March.
Pennsylvania also topped total gaming revenue of more than $500 million for the first time, and New Jersey also posted nice numbers as well. Here’s a look at totals in some of the country’s larger legalized online gaming states.
Pennsylvania Breaks Half-Billion Gaming Mark
Several revenue records were broken in the Keystone State, according to the Pennsylvania Gaming Control Board (PGCB). The state generated total gaming revenue of $515.3 million in March. That’s a jump of 11.4% from March 2022. This is the first month to top the half-billion mark since legalizing gambling in 2006.
In online gaming, the state saw some major increases from one year ago. Total iGaming revenue reached $150 million with the majority coming from PA online casinos. Here’s a look at each online gaming category with comparisons to March 2022.
- Slots – $104.8 million, up 32.4% from $79.2 million
- Table games – $40. 5 million, up 13.42% from $35.7 million
- Online Poker – $2.9 million, a drop of 10.8% from $3.2 million
- Fantasy contests – $1.4 million, up almost 1% from $1.39 million
Total tax revenue generated from all forms of gaming was $212.4 million. Pennsylvania continues to produce some of the biggest gaming revenue numbers in the country.
Michigan Sets Another Record
The Wolverine State continues reaching online gaming revenue highs and that continued in March, according to the Michigan Gaming Control Board (MGCB). iGaming and online sports betting operators reported a combined $216.4 million, a 26.7% increase from February.
Total online gaming, excluding sports, set a Michigan record $171.8 million, surpassing the previous high from January of $153.7 million. Total sports betting revenue was $44.6 million. By comparison, March 2022 saw online gaming reach $131.7 million and sports at $30.48 million.
Total adjusted gross receipts were $186.09 million, $154.65 million for iGaming and $31.44 million for sports betting. That equates to increases from March 2022 of 30.4% for Michigan online casinos and 114.5% for sports. This led to $33.2 million in taxes and payments to the Michigan government including:
- iGaming – $31.3 million.
- Online sports betting – $1.9 million
In Detroit, the city’s live casinos saw $119.2 million in revenue for March, according to the MGCB. Table games and slots produced $117.8 million with retail sports betting generating $1.4 million. That’s a dip from $122.8 million in March 2022. Here’s a look at the market share of each casino:
- MGM – 46%
- Motor City – 30%
- Hollywood Casino – 24%
New Jersey Also Sees Major Bump
March proved to be a month of growth for New Jersey online casinos as well, according to the New Jersey Division of Gaming Enforcement. Online gaming operators brought in revenue of $165.7 million in March, an increase of 17.8% from $140.7 million from February.
For the first quarter, total revenue equated to $461.2 million. This is growth of 12.9% compared to $408.5 million for the same quarter in 2022.
Live casinos saw some growth as well, reporting $228.6 million for a 5.6% increase compared to $216.6 million a year ago. The year-to-date total is $655.3 million, a 7% increase from 2022.
Sports wagering revenue also continues to boom and March Madness played a big role in that. Casinos, racetracks, and online partners reported a total of $93 million for March. That total reflects a 40.1% increase from $66.4 million in February. The first quarter saw a total of $220 million, a 39.7% increase compared to the $157.5 million last year.
Total gaming revenue, both live and online, totaled $487.4 million for March, another hefty bump. That’s a 15% increase from $423.7 million from March 2022. Year-to-date, total revenue was $1.3 billion – a 13.4% increase from $1.2 billion in 2022.
Other States Also Report Revenue Figures
A few other U.S. states also offer legal online casino gaming and here’s a look at those:
- Delaware – Total online gaming revenue of $1.4 million in March, a nice increase from the $443,000 in February.
- West Virginia – Casino gaming revenue is unavailable, but sports betting (including online) saw a total handle of a total handle of $43 million. This represents an increase of 8.3% from February, but a dip of 22.6% from March 2022.
- Connecticut – Online casino revenue achieved a new high in March at $28.6 million. This tops January’s record of $24.2 million and is also an increase of over 50% from March 2022.
