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 February 2022 in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware added up to $361.1 million, a noticeable decline of 8.4% from January’s $394 million and reflecting a drop in all states except Michigan in igaming revenue in the shortest month of the year.
New Jersey
For the 12th month in a row, revenue earned from online-casino gambling in New Jersey topped $100 million; it seems a given that igaming revenue will hit nine figures going forward. However, the $130 million generated by the casinos in February 2022 was a decline of 5.7% from the record-setting $137.8 million in January.
As always, Borgata/BetMGM led the pack with a $37.8 million win, down 3.4% from January’s $39.1 million, while second-place Golden Nugget Online Gaming came in at $34.6 million, a decline of 5.2% from January’s $36.5 million. Third-place Resorts Digital earned $29.9 million, down nearly 10% from the $33 million the previous month.
New Jersey collected $19.5 million in taxes on igaming for the month, a drop of 9% from January’s $21.4 million.
Michigan
Michigan’s online casinos generated $122.8 million in February, not only making it the only state with igaming to register an increase over January, but also setting a new revenue record, beating the old one of $121.8 million set in December, which has three more days in the month. It was a 1.4% increase over January’s $121.2 million and the sixth month in a row that Michigan generated more than $100 million in igaming revenue.
Same as in New Jersey, BetMGM remains the market leader with $46.9 million, up 6.4% over January’s $43.9 million. Second-place DraftKings (Bay Mills) earned $20.1 million, with no gain or loss month over month.
Michigan’s 14 online casino operators paid $21.6 million in taxes to the state, up 11.6% over January. Detroit taxes came in at $6.1 million and tribal governments collected $2.3 million, an increase of 4.6% month over month and the first increase in three months.
Pennsylvania
The third-largest gaming state registered $99.5 million in igaming revenue in February, a drop of 8.2% from January’s $108.3 million. The last time Pennsylvania’s online casinos didn’t generate more than $100 million for the month was November.
Total revenue from online slots, $68.1 million, was down 5.2% from January’s $71.8 million. Online table games earned $31.4 million, down from the previous month’s $33.1 million. And online poker’s $2.9 million was a decline of nearly 15% from January’s $3.4 million.
Penn National Gaming continued to hold its top spot with a gross of $42.7 million, an increase of 3.5% over the previous month.
Pennsylvania collected $42.3 million in taxes from igaming, down 5.2% from the record taxes of $44.6 million collected the previous month.
West Virginia
For the four-week period between January 29 and February 25, West Virginia reported $8 million in igaming revenue, a substantial increase of 15% over January’s $6.8 million, though that was a significant drop of 21.3% from December 2021. Igaming in West Virginia has earned at least $1 million now in 33 consecutive weeks.
Connecticut
In its fourth full month of igaming, Connecticut’s two operators earned $17.1 million, a drop of 9% from January’s record-setting $18.8 million. DraftKings (Foxwoods) dominated the igaming vertical, with $10.3 million in revenue, though that was down a significant 25% from January’s $13.7 million, while FanDuel’s $6.8 million accounted for the other 40% of market share.
DraftKings and FanDuel paid their 18% in taxes to the Constitution State in February, which came to $3.1 million, down, per force, by 8.9% from January’s $3.4 million.
Delaware
Delaware’s February igaming revenue of $843,246 reflected the nationwide downward trend by declining 24% from January’s record $1.1 million, which was the second month in a row of revenue higher than $1 million.
Online video lottery (slot) games once again accounted for the lion’s share of income at $708,121, also down by a bit more than 21% from January, while table games generated $102,844, a whopping drop of 43% from January’s $900,293. Online poker revenue dropped to $32,280, a 22% decline from January’s $41,468.
