The United States Igaming Revenue Report — March 2024

April 23, 2024 8:52 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
April 23, 2024 8:52 AM
  • Deke Castleman, CDC Gaming Reports
  • Connecticut
  • Delaware
  • Michigan
  • New Jersey
  • Pennsylvania
  • Rhode Island
  • West Virginia

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

Story continues below

National

Michigan, New Jersey, Connecticut, West Virginia, and Delaware set new monthly records in March, generating total igaming revenue of $676.7 million, an increase of 22.5% over March 2023. The online-casino juggernaut continues to make mincemeat of month-over-month totals, let alone year-over-year.

1. Michigan

Michigan’s online casinos set another new record in March for the second month in a row. Igaming generated $215.5 million, beating February’s $188 million. It was also nearly 26% higher than March 2023 and came within $200,000 of the all-time U.S. igaming record of $215.6 million, set by Pennsylvania in February 2024.

Perennial market leader BetMGM fell to second place for the first time since January 2021, when igaming launched in the Wolverine State. FanDuel beat MGM’s $54.7 million with $57.6 million of its own, while DraftKings trailed with $40.4 million.

Igaming submitted $54.3 million in taxes, also a record. The state collected $39 million, Detroit $10 million, and the tribes $4.7 million.

2. New Jersey

For March 2024, New Jersey reported an igaming win of $197.2 million, smashing the old record; it was also the closest the Garden State has come to $200 million in a month. An increase of 19% over March 2023, it was only $42.6 million less than total brick-and-mortar-casino revenue for the month.

Golden Nugget remains the igaming leader, posting $57.1 million, a 33.8% increase over last year’s $42.7 million, while Resorts Digital came in second at $48.9 million, followed by Borgata at $43.8 million.

New Jersey collected $29.6 million in igaming taxes for the month of March, an increase of 15% from $24.9 million in March 2023.

3. Pennsylvania

Icasinos in the Keystone State generated $191.1 million in March compared to March 2023’s $148.2 million. Online slot revenue was $135.5 million, a year-over-year increase of 29.3%, and online table-game revenue was $53.1 million, a 31.2% increase compared to March 2023. Poker rake came in at $2.5 million.

Hollywood Casino at Penn National once again led the Keystone State in igaming revenue in March, generating $72.3 million, an increase of 16%. Valley Forge Casino Resort posted igaming revenue of $50.8.7 million, a whopping increase of 59.7%, and Rivers Casino Philadelphia was responsible for igaming revenue of $32.7 million, a 7.2% jump.

Tax revenue generated from internet gaming play during March 2024 was $82.1 million compared to $63.5 million in March 2023.

4. Connecticut

Connecticut’s two igaming platforms, DraftKings and FanDuel, earned a record $44.3 million in March, an increase of 28.1% compared to March 2023.

The two companies paid their 18% in taxes to the Constitution State, which came to $6.8 million compared to $4.1 million last year.

5. West Virginia

Another igaming state, another monthly record. West Virginia posted a win of just under $24 million in March, breaking the previous record of $18.2 million set in December 2023. It was the first time the win surpassed $20 million and only the third it went over $15 million. And it was 40.5% higher than March 2023’s $14.3 million.

The state collected $3.1 million in igaming taxes.

6. Delaware

Delaware’s March igaming revenue of $4.6 million was nearly 15% higher than February’s take and a 300% increase over March 2023’s $1.4 million. The state’s 10-year contract with its previous icasino operator, 888, expired in December and BetRivers took the reins. Both February and March totals are without online poker, which is coming soon. Also like February, March set the new record, which will probably occur monthly until the new numbers level off.

Online video lottery slots once again accounted for the lion’s share of income at $3.3 million, while table games earned $1.3 million.

7. Rhode Island

Igaming in the Ocean State launched on March 5 and at press time, the monopoly operator, Bally’s, had yet to release revenue figures for the partial month.