The United States Igaming Revenue Report — May 2024

June 21, 2024 11:39 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
June 21, 2024 11:39 AM
  • Deke Castleman, CDC Gaming Reports
  • 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 where online gambling is legal in the U.S.

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National

Total igaming revenue for May in the U.S. added up to $637.4 million compared to the $528 million in May 2023.

1. Michigan

The Great Lakes State set a new monthly record for internet-casino gambling in May of $198.6 million. Compared to May 2023, it was a significant 31.9% increase. It was also the second-highest monthly total in the state’s history, behind the $215.2 million set in March of this year. And it was the seventh consecutive month of more than $175 million in igaming revenue.

Michigan’s 15 online-casino operators paid $50.9 million in total taxes compared to $38.4 million in May 2023, with $26.5 million going to the state, $19.9 million tendered to the city of Detroit, and $4.5 million to tribal governments. The month put Michigan over $1 billion in total taxes collected since igaming launched in January 2021.

2. New Jersey

New Jersey reported an igaming win in May of $192.1 million, a 19% increase year over year.

As usual, Golden Nugget led the pack with $54.5 million, followed by Resorts Digital at $49.3 million and Borgata with $44 million.

New Jersey collected its 15% igaming tax of $28.8 million compared to $24.2 million in May 2023.

3. Pennsylvania

Pennsylvania icasinos generated $174.1 million in May, a year-over-year increase of 23.5%. It was the third-highest igaming-revenue total of all time for the state and the fourth consecutive month that internet gambling grossed more than $170 million. Additionally, all igaming operators reported increases in revenue in May.

Online slots surged to $126.9 million, a 26.2% YOY increase, and table games jumped 18.6% to $44.9 million. Online poker dropped 9.1% to $2.3 million.

Hollywood Casino at Penn National continued to hold its top spot with a gross of $65.1 million. Valley Forge Casino placed second at $44.4 million.

Pennsylvania collected $49.7 million in taxes from igaming in May.

4. Connecticut

Connecticut’s two operators, DraftKings and FanDuel, reported $46.3 million in igaming win in May, setting an all-time record. It beat the previous record of $44.3 million from March and was the sixth consecutive month of more than $40 million. It was also a 41.3% increase over May 2023’s $32.8 million.

The two companies paid their 18% in taxes to the Constitution State in May, which came to $7.1 million.

5. West Virginia

For West Virginia’s four-week reporting period in May, the state’s four igaming licensees earned $17.9 million. That was down slightly, $100,000, from May 2023’s $18 million, but came in as the third best month on record; the highest was $20.7 million in March.

6. Delaware

Delaware igaming revenue hit $3.9 million in May, more than 300% over May 2023’s $1.2 million. Video lottery terminals (slots) accounted for $2.7 million, while table games took in the other $1.2 million. Online poker still hasn’t resumed in Delaware after the operator changeover at the beginning of the year, but is expected to be sometime in 2024.

7. Rhode Island

The Rhode Island Lottery reported igaming revenue in May of $2.3 million, an increase of 8.4% over April’s $2.08 million and up 86% over March’s $1.2 million. Online slots won $1.6 million, while table games earned $627,472.