Online Gaming Numbers Show Growth Across IndustryPennsylvania And Michigan Break Records |
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Online gaming continued to grow in the country’s main legalized states, including some new records in Pennsylvania and Michigan. The industry also saw some major revenue increases in New Jersey as well.
Despite the growth, however, online poker remains mostly flat.
Pennsylvania
The Keystone State saw an all-time high for online gaming in March, according to the Pennsylvania Gaming Control Board. The combined total revenue from all forms of gaming reached $554.6 million, a 7.6% increase over the $515.3 million from March 2023. Last month’s total topped the previous high revenue month from December of $534.2 million.
Online gaming was a major driver of that growth, totaling $191.1 million in March compared to $148.2 million in March 2023, a 29% increase. Here’s a look at the breakdown in online gaming:
On the sports betting front, total handle was $800.7 million in March – 10.7% above the March 2023 total of $723.5 million. That equated to taxable revenue of $45.6 million, down 10% from last March. Of that, $42.3 million came from online betting. Total tax revenue from all forms of gaming for March was $229.6 million.
New Jersey
After some recent worries about falling live casino revenue, the Division of Gaming Enforcement reported that casino win for the state’s nine casinos bounced back in March. The Atlantic City properties saw revenue of $239.8 million, an increase of 4.9% from $228.6 million in March 2023. Year-to-date casino win was $656.1 million, an increase of 0.1% compared to $655.3 million for the same period last year.
Online gaming continued to see major growth with revenue of $197.2 million, rising 19% from $165.7 million last year. Online poker totaled $2.4 million, down 5.4% from last March. Year to date, online gaming revenue reached $562.8 million, up 22% over the prior year-to-date period.
March sports wagering gross revenue was $89.7 million, a 3.6% decrease from last year. Year to date, sports wagering gross revenue was $328 million year to date, a 49.1% increase from last year. Total revenue from all forms of gaming was $526.6 million for March, an 8.1% increase from $487.4 million in March 2023. The year-to-date total is now $1.6 billion, up 15.7% from $1.3 billion last year.
Michigan
The Wolverine State saw $257.1 million in online gaming and sports betting gross receipts in March, up 17.7% from February, according to the Michigan Gaming Control Board.
Online gaming accounted for $215.15 million, the highest total to date. The previous high was $188 million from last month. Sports betting totaled $41.93 million, an increase from $30.5 million in February. Michigan does not separate out online poker numbers.
Adjusted gross receipts (AGR) for March were $221.14 million with $194.47 million for iGaming and $26.67 million for online sports betting. Compared to March 2023, iGaming AGR was up by 25.8% and sports betting was down by 15.2%. Total online sports betting handle reached $480.4 million, up 19.3% from $402.6 million in February.
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