The United States Igaming Revenue Report — August 2023

September 20, 2023 2:25 PM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
September 20, 2023 2:25 PM
  • Deke Castleman, CDC Gaming Reports
  • Connecticut
  • Delaware
  • Michigan
  • New Jersey
  • Pennsylvania
  • West Virginia

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.

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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.