An overview of igaming revenue in New Jersey, Pennsylvania, Michigan, West Virginia, Delaware, and Connecticut, the six states where online gambling is legal in the U.S.
Total igaming revenue for August 2022 in the six igaming states totaled $394.7 million, up 22.9% from August 2021’s $304.5 million.
1. New Jersey
For the month of August, New Jersey’s internet gaming win was $131.4 million, reflecting growth of 16.1% compared to August 2021’s $113.2 million. Year to date, igaming through the first eight months of the calendar year, earned $1.08 billion, a significant 25% jump compared the $866.1 million for the same period of 2021.
As expected, Borgata led the pack, logging $41.8 million, up 10.8% from last year’s $37.3 million. Golden Nugget Online Gaming’s $31.4 million was up 5% from August 2021’s $29.8 million. Third-place Resorts Digital earned $30.7 million, closing in on second place for the first time and registering a substantial 30% increase over the $21.6 million from last year.
New Jersey collected its 15% of igaming revenue, totaling $19.7 million, up 13.7% over last year’s $17 million in online-gambling taxes.
Michigan’s online casinos produced $130.9 million in revenue in August, up 3.4% from July’s $126.6 million and 34.2% higher than August 2021’s revenue at $97.2 million. It was also a mere half-million dollars (.04%) less than New Jersey’s total for the month; on its current trajectory, Michigan will overtake New Jersey as the igaming leader in September.
In addition, after launching only 20 months ago, Michigan’s online-gambling revenue broke the $2 billion mark in August. That compares, according to PlayMichigan.com, to Pennsylvania’s 30 months and New Jersey’s 81 months to hit $2 billion in total win.
BetMGM remains the board leader, earning $49.3 million. DraftKings and FanDuel were in a virtual tie for second, with DraftKings (Bay Mills) at $19.362 million and FanDuel (Motor City) at $19.328 million.
The 14 internet casinos paid $24.2 million in state taxes in August. The three Detroit casinos paid the city $6.7 million, while the tribal governments received $2.5 million.
Pennsylvania’s online gaming revenue in August 2022, $107.2 million, was 17.3% higher than August 2021’s $88.7 million.
Total revenue from online slots increased by a commensurate 16.5%, from $63.2 million in the same period last year to $75.7 million this year. Internet table-game revenue came in at $28.7 million, up an even greater 33% over August 2021’s $19.2 million. Only online poker showed a decline in August, with $2.7 million in rake, a drop of nearly 15% from August 2021’s total of $3.2 million.
Hollywood Casino Penn National earned $43.9 million, a rise of a smidge more than 30% over last year’s $30.5 million. Second-place Rivers Casino Philadelphia’s $26.8 million was a rare decline, though it was only 1.1% less than the $27.1 million in August 2021.
Tax revenue generated from August igaming in Pennsylvania was $45.9 million, an increase over last August’s $39.4 million of nearly 14%.
Connecticut’s two main online-casino operators, DraftKings and FanDuel, in August earned $13.1 million (+27%) and $8.8 million (+18%), respectively, month over month. Year-over-year numbers won’t show up until early next year. The two combined for $3.2 million taxes paid to the Constitution State.
Connecticut has two other igaming operators, the Mashantucket (Western) Pequot Tribal Nation and the Mohegan Tribe On-Reservation, but even combined, their revenues are a rounding error.
4. West Virginia
The Mountain State’s igaming revenue for August 2022 was $10.8 million, more than double the $4.5 million result from August 2022. This was a five-week period that ended on September 3 (West Virginia reports its online-gaming results weekly). It was also a 32.8% increase over the previous month’s $8.5 million, but that was for four weeks instead of five.
Delaware’s internet casinos essentially tied their record igaming revenue of $1.3 million, set in July 2022, with the same amount in August. It was, however, a 30% leap over August 2021’s $912,180.
Online video lottery (slot) games, likewise, earned the same $1-plus million as in July, though table games took in $221,330, compared to July’s $165,378 (+25%) and last August’s $150,677 (+32%). Online poker, however, dropped to $37,168 from July’s $43,944 (-16%), though increasing from August 2021’s $32,332 (+13%).