The United States Igaming Revenue Report — September 2023

October 24, 2023 11:23 AM
Photo: A composite created by CDC Gaming Reports from Shutterstock images
  • Deke Castleman, CDC Gaming Reports
October 24, 2023 11:23 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, Connecticut, and Delaware, the six states where online gambling is legal in the U.S.

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National

Total igaming revenue for September 2023 in Michigan, New Jersey, Pennsylvania, Connecticut, West Virginia, and Delaware added up to $533.9, breaking the half-billion mark for the second month in a row, an increase of 25.7% over last year’s $412.5 million.

1. Michigan

Michigan’s online casinos produced $166.4 million in September compared to $128.7 million in September 2022, an increase of 26%. It was the second highest total since igaming launched in the state and Michigan flip-flopped again with New Jersey to take first place in the internet-casino sweepstakes for the month.

MGM Grand Detroit (BetMGM) remains the board leader with $48.6 million, followed by Bay Mills (DraftKings) at $37.1 million and Motor City (FanDuel) at $35.2 million.

Michigan’s 15 online-casino operators paid $31.3 million in total taxes, of which $7.5 million went to the city of Detroit and $4 million was paid to the various tribal governments; the other $19.8 million was collected by the state.

2. New Jersey

Online-casino gambling in the Garden State generated $163.8 million in September 2023, reflecting growth of 21.1% compared to $135.2 million for the prior-year period. Year to date, igaming revenue was $1.41 billion, a 15.4% increase compared to $1.22 billion for the same period in 2022.

Resorts Digital took first place in the igaming contest with $45.4 million in earnings, 33% higher than last year, while Golden Nugget was nipping at its heels at $45.1 million, a similar 32% increase. Perennial frontrunner Borgata/BetMGM came in third again for the third month in a row at $41.1 million, a mere 1% increase year over year.

New Jersey collected $24.5 million in online-gambling taxes in September, a 21.3% year-over-year increase from $20.2 million.

3. Pennsylvania

Revenue from igaming in September was $159.5 million, setting another new record for Pennsylvania by beating the previous all-time high of $148.2 million recorded in March of this year. It was a jump of 41.5% over last year’s $112.7 million.

Total revenue from online slots was $114.7 million compared to $77.9 million last year, a 47.3% leap, while online table tables jumped to $42.4 million from $32.2 million last year, up 31.7%. Online poker’s $2.4 million was a drop of 10.4% from last year’s $2.7 million.

Hollywood Casino at Penn National generated the most igaming revenue last month with $64.9 million, followed by Valley Forge with $35.4 million and Rivers Casino Philadelphia with $29.2 million.

The state scored $69.1 million in igaming taxes in September, a commensurate 45.2% increase over last year’s $47.6 million.

4. Connecticut

Connecticut’s two main online-casino operators, DraftKings and FanDuel, in September earned $30.4 million, an increase of 22.3% over the $24.3 million from September 2022.

The two remote-gambling giants paid $5.5 million in taxes to the Constitution State in September compared to $3.4 million last year.

5. West Virginia

The Mountain State’s igaming revenue for September was $12.7 million compared to September 2022’s $10.3 million. This September’s (weekly) reporting period was 28 days, while last year’s was 30.

6. Delaware

Delaware’s online casinos generated $1.1 million in revenue in September 2023, down 16.7% compared to $1.3 million in September 2022.

Online video lottery (slot) games once again accounted for the lion’s share of income at $856,402 million, while table games generated $219.505, both down from last year. Online poker, however, rose from $28,679 last year to $33,043 this year, an increase of 13.9%.