The United States Igaming Revenue Report – December 2022

January 24, 2023 10:58 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
January 24, 2023 10:58 AM
  • 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 December 2022 in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware added up to $459.9 million, an increase of 16.7%, spread across all states, over December 2021’s $383.2 million.

New Jersey

Revenue earned from online-casino gambling in New Jersey in December totaled $151.5 million, reflecting growth of 13.7% compared to $133.2 million year over year. For the full calendar year, the igaming total was $1.66 billion, an increase of 21.6% compared to $1.37 billion for all of 2021.

Borgata/BetMGM led the pack once again with a $43.7 million win, an 18% increase over last year’s $37.1 million, while Resorts Digital continued to close the second-place gap, earning $40.4 million, a significant 22.7% jump year over year. Third-place Golden Nugget Online Gaming earned $37.8 million, compared to the $36 million of December 2021 (4.9%).

New Jersey collected $22.8 million in online-gambling taxes in December, compared to $20 million year over year, a 12.3% increase.

Michigan

Michigan’s online casinos generated $137.8 million December, a 25.3% jump year over year.

Michigan’s 14 online casino operators paid $30.4 million in taxes, up 20.7% over taxes paid in December 2021. Of that total, the three Detroit casinos paid $7.6 million and the $3.2 million was collected by tribal government.

Pennsylvania

Pennsylvania’s online gaming revenue in December was $134.6 million, compared to $102.1 million in December 2021, an increase of 31.8%. December’s total set a new record for igaming revenue, beating the $128.6 million record set in November by 4.5%.

Total revenue from online slots, $91.6 million, represented a 30.7% jump from $63.5 million year over year, while online table games earned $40.4 million, up 31.5% compared to December 2021’s $30.3 million. Online poker’s $2.6 million was a drop of nearly 16% from last year’s $3.1 million.

Hollywood at Penn National Gaming continues to hold its perch at the top of the list with a gross of $60.1 million, a 32.6% leap over last year’s $40.5 million, while Rivers Casino Pennsylvania was a distant second with $28.5 million, an increase of 8.4% year over year.

Pennsylvania collected $56.3 million in taxes in December, also a new record and a 24.5% increase compared to last year’s $42.5 million.

Connecticut

After a little more than a year in operation, Connecticut’s igaming handle broke through the billion-dollar mark for the first time last month, logging at $1.003 billion. The revenue from online-gambling came in at $22.7 million, an increase of 28.2% over December 2021, Connecticut’s second full month of legal igaming. DraftKings (Foxwoods) and FanDuel (Mohegan Sun) paid their 18% to the state in taxes, adding up to $4.1 million, a commensurate 29.3% rise over last year’s $2.9 million.

West Virginia

The Mountain State’s igaming revenue for December came in at a record-high $12.1 million, a significant 28% more than last year’s $8.7 million. It’s never an apples-to-apples comparison, though, since West Virginia reports weekly; last month’s four-week period began on the 3rd and ended on the last day of the year; December 2021 revenues were based on 31 days, rather than 28 this year.

Delaware

Delaware’s December igaming revenue of $1.2 million was an 8.3% increase over December 2021’s $1.1 million; December 2021 was the first time Delaware had broken into seven figures.

Online video lottery (slot) games once again accounted for the lion’s share of income at $890,894, 7.6% higher than December 2021’s $823,386, while table games generated $243,899, a year-over-year increase of 9.3%. Online poker revenue bucked the incoming tide and dropped from $43,069 to $40,007 (-7.1%).