Online Gaming Registers Huge Numbers In Legalized StatesPennsylvania And Michigan Shine With Record Totals |
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As online gaming continues to be considered by additional states, the main legalized markets continue to find major growth, including some monthly records in February.
Michigan and Pennsylvania saw new highs in February while New Jersey also saw online gaming trending upward as well. Despite that, online poker remained mostly flat or declined. Here’s a look at each state’s report for February.
Pennsylvania
Online gaming in the Keystone State set a monthly record in February with $184 million, according to the Pennsylvania Gaming Control Board (PGCB). That’s an increase of 40.5% from the $131.6 in February 2023. Online slots accounted for $125.9 million with table games bringing in $56.6 million. Online poker produced $2.4 million, a drop from $2.7 million in January.
Sports betting produced a total handle of $661.7 million, rising 10.4% from $599.5 million in 2023. Taxable revenue was only $30.3 million, a drop of 30% from February 2023. Tax revenue from all forms of gaming totaled $205 million with online gaming responsible for $77.4 million of that. Combined total revenue from all forms of gaming was $499.1 million, growth of 9.3% from last February.
New Jersey
Online gaming also ramped up in the Garden State in February, according to the New Jersey Division of Gaming Enforcement (NJDGE). Online gaming achieved $182.3 million, growing 27.9% compared to $142.6 million in February 2023.
Online gaming has seen year-to-date revenue of $365.6 million, up 23.7% from $295.5 million during the same period in 2023. Online poker stayed virtually unchanged at $2.3 million. The state’s nine casinos reported live gaming revenue of $211.6 million for February, down 1.6% from $215 million last year. Year-to-date revenue is at $416.3 million, down 2.4% compared to $426.6 million in 2023.
Sports wagering, including online, accounted for gross revenue at $67.6 million in February, a jump of 23.7% increase from the $54.6 million in 2023. Year to date, sports betting has seen massive growth – totaling $238.3 million, an increase of 87.7% increase from $127 million in 2023.
New Jersey overall gaming revenue reached $461.5 million in February, rising 12% from $412.2 million in 2023. Total gaming revenue year to date is now $1 billion, a 20.2% increase from $849.1 million in 2023.
Michigan
The Michigan Gaming Control Board reported a combined $218.5 million in online gaming and sports betting gross receipts in February, falling 4.8% compared to January. However, online gaming brought in the highest total to date at $188 million, rising above the previous record of $181.9 million from January. Online poker isn’t broken out into its own category in Michigan and is included with those numbers.
Despite that record, gross sports betting receipts dropped to $30.5 million in February, a drop of $47.7 million in January. Combined total online gaming and online sports betting adjusted gross receipts (AGR) reached $182.1 million, with $169.2 million from online gaming and $12.9 million from online sports betting. This is an increase of 3.1% for online gaming and a drop of 31.3% for sports betting from January.
When compared to last February 2023, online AGR was up by 27% and sports betting was up by 52.7%. Sports betting monthly handle reached $402.6 million, down 30.3% from $577.4 million in January.
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