Online Gaming Revenue Grows For Pennsylvania And New JerseyMichigan Sees Revenue Numbers Fall After Workers Strike |
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Online gaming operators produced some nice gains in Pennsylvania and New Jersey, while the strike at Detroit casinos may have impacted online numbers in Michigan after workers asked gamblers to stay away from some online platforms.
As for online poker, revenue numbers were a bit mixed, but the industry appears to be stable in legalized markets. Here’s a look at online gaming revenue for October 2023.
Pennsylvania Sees Major Gains
As gaming expert John Pappas recently told Card Player, online gambling has seen massive growth in the U.S. and that was on display in October. In Pennsylvania, the state saw major growth and a new record for sports handle, according to the Pennsylvania Gaming Control Board.
The Keystone State saw $483 million in combined total revenue generated from all forms of gaming, up7.3% compared to October 2022. For iGaming, monthly gross revenue was $154.8 million compared to $124.5 million in October 2022, a major increase of 24.3%. Slots accounted for $109.8 million of that with table games producing $42.6 million. Online poker saw $2.3 million in revenue, a drop from $2.4 million in September.
Total sports betting revenue reached $48.2 million with $43.1 million produced from mobile wagering. The state saw a record handle of $829 million, which is 4% higher than the previous record of $797.1 million set last October.
New Jersey Up
The upward trends continued in the Garden State, according to the New Jersey Division of Gaming Enforcement. iGaming revenue reached $166.8 million, an increase 13.3% compared to $147.2 million for last October. Year to date, online gaming revenue is at $1.57 billion, an increase of 15.1% compared to $1.4 billion for the same period in 2022.
Online poker accounted for $2.4 million, up from $2.2 million. That number is about the same as seen in September. For sports betting, gross revenue was $92.3 million, an increase of 18.4% compared to $77.9 million in October 2022. Year-to-date gross revenue is at $801.3 million, up 34.7% compared to $594.8 million in 2022.
Total gaming revenue, live and online, equated to $487.1 million in October. That represents growth of 9.3% from $445.7 million from last year. Year to date, total revenue was $4.8 billion, a rise of 10.6% compared to $4.3 billion in the prior year-to-date period.
Michigan Down
In Michigan, the take wasn’t as strong as it could have been following some encouragement from striking casino workers to avoid online bets. The union has since come to an agreement to return to work in two out of the three casinos, but the damage was already done following weeks of labor disputes.
iGaming and online sports betting gross receipts equaled $205.3 million in October, a drop of 2.4% from September according to the Michigan Gaming Control Board.
Those numbers included $160.3 million for iGaming, down from $166.4 million in September. Online sports betting produced $45 million, a drop of $44 million from September. The Wolverine State doesn’t offer a specific figure for online poker and lumps those revenue numbers with all iGaming in general.
Online sports betting handle was one bright spot, reaching $533 million. This was an increase of 16.5% from $457.7 million in September 2023 and is the highest online sports betting handle to date. This was also the first-time handle topped $500 million.
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