The United States Igaming Revenue Report – June 2022

The United States Igaming Revenue Report – June 2022

  • Deke Castleman, CDC Gaming Reports
July 19, 2022 8:04 PM
  • Deke Castleman, CDC Gaming Reports
  • Other

An overview of igaming revenue in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware, the six states where online gambling is legal in the U.S.

National

Total igaming revenue for June 2022 in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware added up to $378.8 million, 23.5% higher than June 2021.

1. New Jersey

For the month of June, New Jersey reported internet-gambling win of $133.1 million, a substantial 24.4% increase over June 2021’s $107.1 million. Interestingly, the total was nearly 60% of the brick-and-mortar-casinos’ gross gaming revenue in June of $229.1 million. The gap between online and in-person gambling win for the casinos is closing month by month.

Borgata’s $40.5 million was roughly 15% higher than June 2021’s $34.3 million, while Golden Nugget Online Gaming’s $35.7 million was 22.7% more year over year. Third-place Resorts Digital earned $28 million, 19.6% more than June 2021’s $22.5 million.

New Jersey collected exactly $20 million in online-gambling taxes in June, a 19.5% jump from the prior-year’s take.

2. Michigan

For the second month in a row, Michigan’s igaming revenue of $121.5 million sustained a loss, a decline of just under 5% from May’s $127.5 million and 8.2% less than April’s all-time record of $132.4 million. However, it was a substantial jump of 26.6% over the $89.2 million generated in June 2021.

BetMGM led the pack once again with $47.2 million, a commensurate 28.4% increase year over year, while FanDuel (Motor City) held onto the number-two spot with $18.5 million and DraftKings came in third with $17.9 million.

The 14 internet casinos paid a total of $22.5 million to the state, a full 41% more than June 2021’s $13.7 million. The three commercial casinos in Detroit paid $6 million to the city, while the tribal casinos paid in $2.5 million to their respective nations.

3. Pennsylvania

Pennsylvania generated $102.9 million in igaming revenue in June, an increase of 15.8% from the previous year’s $88.9 million.

Hollywood Casino at Penn National led igaming revenue with $42 million, up 17% year over year, while Rivers Casino Philadelphia generated $25.5 million, an increase of 8.6% over June 2021.

Total revenue from online slots came in at $72.3 million, a leap of 16.3% from 2021, while table games produced $28 million, 7.1% higher than last year’s total. Online poker’s $2.6 million was 7.7% higher than June 2021’s $2.4 million.

Tax revenue generated from June’s igaming revenue in Pennsylvania was $43.9 million, an increase of 15.3% over June 2021’s $37.2 million.

4. Connecticut

Connecticut’s two operators, DraftKings and FanDuel, in June earned $9.8 million and $6.5 million, respectively. Year-over-year numbers won’t show up until early next year, but compared to May 2022, the total was down a bit, 1.9% less than May’s $16.6 million.

DraftKings and FanDuel paid their 18% in taxes to the Constitution State in April, which came to $2.9 million.

5. West Virginia

The Mountain State’s igaming revenue enjoyed a major $4.4 million increase over June 2021’s $3.9 million in earnings. It’s not an apples-to-apples comparison, however, as West Virginia reports weekly and last month, the reporting period covered five weeks, from May 29 to June 30, stretched a bit to end the fiscal year.

6. Delaware

Delaware’s June 2022 igaming net rose to $1.1 million, a 23.7% increase year over year. It was also the fourth month in a row of $1 million or more in online-casino revenue and the sixth of seven months in the year of seven figures (only February came in with six).

As always, online video lottery (slot) games accounted for the lion’s share of income at $924,272, up 23.8% from the prior year, while table games generated $151,624, a year-over-year increase of 30.5% from June 2021’s $105,473. Online poker’s $43,121 was 25.8% higher than the previous year’s $32,000.