Study: Internet casino gaming can boost revenue at retail casinos

Study: Internet casino gaming can boost revenue at retail casinos

Article brief provided by USBets
  • Chris Altruda, USBets
March 21, 2024 3:55 PM
  • Chris Altruda, USBets

The Sports Betting Alliance released a study Thursday conducted by economists with the Analysis Group that showed land-based casino revenue growth rates increased by nearly two full percentage points among states where internet casino gaming is now available.

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The study also noted total gaming revenue had increased by an average of 46% among the six states where internet casino gaming had been available prior to Rhode Island‘s launch earlier this month. Pennsylvania had the highest increase at 58.9% to $5.18 billion since adding internet casino gaming to its suite in 2018. New Jersey was second at 56.1% to $4.77 billion over an 11-year span dating to 2012, and Michigan was third at 47.8% to $4.4 billion since 2019.