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.
National
Total igaming revenue for August 2023 in the six igaming states totaled $516.3 million compared to August 2022’s $394.7 million, a year-over-year increase of 23.6%. It was also the first time in history that the six states combined for a total win of more than a half-billion dollars.
1. Pennsylvania
Pennsylvania leap-frogged from third place in July to first in August in online gaming revenue. Last month, the Keystone state hit $171.9 million, achieving the second-highest win since igaming was introduced in late 2017. It didn’t quite measure up to the record, set in March 2022, of $181.5 million. But it was a major 37.6% more than August 2022 revenue of $107.2 million.
Total revenue from online slots nearly doubled to $132.2 million from $75.7 million in the previous period; the total also put revenue from i-slots over $1 billion year to date. Internet table-game revenue came in at $37.2 million compared to last year’s $28.7 million (22.8%). Only online poker showed a decline in August, with $2.4 million in rake compared to last year’s $2.7 million.
Hollywood Casino Penn National earned $42.8 million, down slightly year over year from $43.9 million, while Rivers Casino Philadelphia’s $24.7 million was up slightly from last year’s $26.8 million.
Tax revenue generated from August igaming in Pennsylvania was $63.2 million, a jump of 27.4% over August 2022’s $45.9 million.
2. New Jersey
For the month of August 2023, the igaming win reported by online casinos was $155.3 million, reflecting growth of 18.1% compared to $131.4 million in August 2022.
Resorts Digital took top revenue honors for the month, earning $42.3 million, a substantial 37.6% increase year over year, while second-place Golden Nugget Online climbed from $31.4 million to $40.8 million (30%). Perennial frontrunner Borgata dropped to third in August, with $40.2 million, down nearly 4% from last year’s $41.8 million.
New Jersey collected its 15% of igaming revenue in taxes, totaling $22.2 million, 11.3% higher than last year’s $19.7 million.
3. Michigan
Michigan’s online casinos generated $152.2 million in revenue in August compared to $130.9 million year over year, up 14%. The state collected $40.8 million in taxes, putting total tax payments over $1 billion since igaming launched in January 2021. It took 32 months to hit the billion, surpassing Pennsylvania’s 36 months to set a new record for that milestone.
BetMGM remains the board leader, earning $44 million, though that was down nearly 11% over $49.3 million in the prior period.
4. Connecticut
Connecticut’s two main online-casino operators, DraftKings and FanDuel, in August earned a smidge less than $25 million, up 12.4% compared to $21.9 million in August 2022. The two paid $4.5 million in taxes to the Constitution State, up a commensurate 29% year over year.
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.
5. West Virginia
The Mountain State’s igaming revenue for August 2023 was $10.8 million, essentially flat year over year. The reporting period was the same, July 31 to September 3, a full five weeks (West Virginia reports its online-gaming results weekly).
6. Delaware
Delaware’s internet casinos slid a bit year over year with $1.1 million in revenue, down from $1.3 million, which set a record.
Online video lottery (slot) games, likewise, earned $952,437, down slightly from the $1 million and some change in August of last year. Table games plunged to $122,088, down a whopping 45% from last year’s $221,330. Poker also declined 12.4% to $32,607 from August 2022’s $37,168.
