The United States Igaming Revenue Report – April 2023

May 18, 2023 8:30 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
May 18, 2023 8:30 AM
  • Deke Castleman, CDC Gaming Reports
  • Connecticut
  • Delaware
  • Michigan
  • New Jersey
  • Pennsylvania
  • West Virginia

An overview of igaming revenue in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware, the six states where online gambling is legal in the U.S.

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National

Total igaming revenue for April 2023 in the six states where it’s legal added up to $475.7 million as compared to $407.2 million in April 2022, an increase of 14.4% year over year.

New Jersey

For the month of April 2023, the internet-gaming win in the Garden State was $158.9 million, reflecting growth of 16.1% compared to $136.9 million for April 2022. New Jersey’s igaming revenue outpaced Michigan’s for the first time in three months.

As always, Borgata/BetMGM led the pack with $43.2 million, an increase of 7.8% year over year. Second-place Resorts Digital and third-place Golden Nugget were neck and neck and right on Bet/MGM’s tail at $41.69 million and $41.65 million, respectively.

New Jersey collected its 15% igaming tax of $23.7 million, up 13.5% compared to $20.5 million in April 2022.

Michigan

Michigan sustained a rare loss in online-gambling revenue month over month after setting a new record in March, but its $143.4 million was still 7.6% higher than April 2022’s $132.4 million.

Michigan’s 14 online-casino operators paid a total of $29.4 million in igaming taxes, with $8.1 million going to the city of Detroit, $3.6 million helping to support tribal organizations, and $17.7 million submitted to the state.

Pennsylvania

Pennsylvania icasinos generated $134.5 million in April as compared to $110.2 million in the previous period, a 19.1% increase.

Total revenue from online slots, $95.6 million, jumped nearly 20% over last April’s $76.6 million, while online table games earned $38.9 million, 14.9% higher year over year. Online poker’s $2.7 million was a 6.9% drop from April 2022’s $2.9 million.

Hollywood Casino at Penn National continued to hold its top spot with a gross of $58.5 million, a substantial 22.7% rise year over year and nearly double the second-place Valley Forge’s $31.2 million.

Pennsylvania collected $58.3 million in taxes from igaming in April as compared to $47.2 million in April 2022 (19%).

West Virginia

For the four-week reporting period in April (4/2-28), West Virginia internet casinos won $12.1 million, a major decrease month over month, but a jump of 33.9% over last year’s $8 million. It’s never an apples-to-apples comparison; in April 2022, the reporting period was one day longer.

Connecticut

Connecticut’s two online-casino operators earned $25.5 million in April, down from March’s $28.6 million, but up from April 2022’s $18.5 million by a significant 27.5%.

DraftKings and FanDuel paid their 18% in taxes to the Constitution State in April, which came to $4.5 million, a commensurate increase of nearly 25% over the previous period.

Delaware

Delaware’s April igaming revenue came to $1.3 million, 7.6% higher than the $1.2 million in April 2022.

Online video lottery (slot) games once again accounted for the lion’s share of income at $1.06 million, while table games earned $195,118 and online poker raked $33,540.