The United States Igaming Revenue Report — November 2022

December 20, 2022 7:05 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
December 20, 2022 7:05 AM
  • Deke Castleman, CDC Gaming Reports
  • Connecticut
  • Delaware
  • Michigan
  • New Jersey
  • Pennsylvania
  • West Virginia

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

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Total igaming revenue for November 2022 in New Jersey, Michigan, Pennsylvania, Connecticut, West Virginia, and Delaware added up to $463.3, an increase of 26.5% over the $340.3 million in November 2021.

1. New Jersey

For the month of November 2022, the igaming win in the Garden State was $146.2 million, 23.9% higher than the $118 million in November 2021. With one reporting month to go in the year, online gambling has posted gross revenue of $1.51 billion as compared to last year’s $1.23 billion.

As always, Borgata/BetMGM led the pack with $44.3 million in revenue, a jump of 31.3% over 2021’s $33.7 million, while Golden Nugget Online Gaming’s $37.7 million was 18.7% higher year over year and barely edged out third-place Resorts Digital at $37.4 million, up from $27.8 million (34.2%) the previous year.

New Jersey collected $21.7 million in online-gambling taxes in November, reflecting the across-the-board increase in revenue, compared to $17.7 million (18.5%) in November 2021.

2. Michigan

Michigan’s online casinos set another record in November, generating $145.4 million and besting the previous record, set one month earlier, of $141 million. In addition, it was a mere $800,000 (0.5%) less than New Jersey’s monthly total, which it should overtake for the number-one igaming spot soon. And it was a substantial 35.2% higher than the $107.6 million in November 2021.

Like in New Jersey, BetMGM remains the board leader with $53.6 million, while second-place FanDuel (Motor City), with $27.1 million, blew by third-place DraftKings (Bay Mills) with $23.3 million.

Michigan’s 14 online casino operators paid $38.6 million in taxes overall, of which $27.1 million went to the state, the rest to the city of Detroit and the tribal governments.

3. Pennsylvania

Pennsylvania’s online gaming revenue in November was $128.7 million, a significant increase of 27% as compared to last year’s $93.9 million. Like in Michigan, it also broke its own igaming-revenue record of $124.5 million set one month earlier.

Total revenue from online slots, $86.6 million, increased a commensurate 26.7% year over year, with online table games up from last year’s $27.7 million to $39.5 million (a whopping 42.8%) and online poker down from $2.8 million to $2.5 million (7.7%).

Penn National Gaming’s continues to hold its perch at the top of the list with a gross of $55.7 million as compared to November 2021’s $37.4 million, up 33%, while second-place Rivers Casino Pennsylvania’s $27.5 million was a 12% increase from $24.2 million year over year.

Pennsylvania collected $53.5 million in taxes in November, compared to last year’s $39.1 million (27%), also a monthly record.

4. Connecticut

In its first full year-over-year comparison (igaming launched in Connecticut in October 2021), the Constitution State recorded $28.8 million in online-gambling revenue, more than double the gross of $13.9 million of November 2021, the first full  month. FanDuel and DraftKings paid a combined $3.9 million to the state in taxes, a 58% increase over the nearly $2.5 million they paid in November 2021.

5. West Virginia

The Mountain State’s igaming revenue for November came in at $13.2 million, continuing the trend of vastly increased online win at nearly 450%. Of course, given that West Virginia reports igaming revenue weekly, instead of the usual monthly, the year-over-year comparison is misleading; this year’s reporting period spanned five weeks, while last year’s was only four.

6. Delaware

Unlike New Jersey, Michigan, Pennsylvania, and West Virginia, Delaware’s November igaming revenue of $987,423 dropped from $996.639, though only by 1%. Still, it was a substantial decrease from October 2022’s $1.2 million (-18.4%), which was a major 22.4% increase over October 2021.

Online video lottery (slot) games once again accounted for the lion’s share of income at $803,671, an increase of 4.6%, while table games generated only $149,433, a major dump of 24% from November 2021’s $196,488. Online poker revenue rose slightly to $34,318, up from $33,361 (2. 8%) year over year.