Online Gaming Continues Growth In Key StatesPoker Remains Flat or Decreasing |
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Online gaming continues to grow and surged in Pennsylvania, New Jersey, and Michigan in August, but online poker remains flat or falling in key legalized states.
Sports betting continued to shine in the Keystone State while seeing drops in Michigan and New Jersey. No doubt that may turn around as the football season is now underway. Here’s a look at revenue figures from these three states.
Pennsylvania
Combined total revenue from all gaming was $510.2 million in August, according to the Pennsylvania Gaming Control Board. That’s an increase of 11.6% from August 2023. Hollywood at Penn National Race Course was the top property, collecting $87.8 million, an increase of 16.7% from last year. Valley Forge was second at $70.8 million, up 45%.
Online gaming generated $183.7 million, up 26.7% from $145 million in August 2023. Here’s how that looked in each gaming category:
● Slots – $138.3 million, up 31.4% from $203.2 million in August 2023
● Table games – $43.2 million, up 15.9% from $37. 3 million in August 2023
● Online poker – $2.2 million, down 8.9% from $2,440,714 in August 2023
For sports betting, total handle was $485.3 million, a 23.5% jump from $393 million last year. Of that, taxable revenue for August was $30 million, 36.2% higher than 2023. Total tax revenue generated from all gaming reached $215.2 million.
New Jersey
The New Jersey Division of Gaming Enforcement reported $294 million in revenue for August, a 4.9% increase from $280.3 million in August 2023. The year-to-date total reached $1.9 billion, which is flat compared to the same period in 2023.
Online gaming produced $198.4 million, growth of 27.8% compared to $155.3 million last August. Year to date, online gaming was $1.52 billion, a 22.7% jump compared to $1.2 billion for the prior period. Online poker was flat, registering $2.4 million, the same amount as last August.
Sports wagering brought in $62.7 million, decreasing 34.7% from $96 million the previous August.
The year-to-date total for sports is $715.8 million, a 19.7% increase compared to $597.9 million in 2023.
Total revenue from all gaming was $555.1 million in August, a 4.4% increase from $531.6 million last August. That is $4.2 billion year to date, a 10.5% jump from $3.8 billion in 2023.
Michigan
Casino operator saw combined total online gaming and sports betting gross receipts of $224 million in August, up 1.4% compared to July, according to the Michigan Gaming Control Board. Online casino gaming accounted for $196.66 million, up from $191.4 million in July. Sports betting totaled $27.4 million, a dip from $29.4 million in July.
Combined adjusted gross receipts for online gaming and sports betting reached $193.2 million, $176.9 million from iGaming and $16.3 million from online sports betting. This was an increase of 2.7% for iGaming and a drop of 5.2% for sports betting from July.
Compared to August 2023, iGaming was up 28.9% and sports betting was up 2.8%. Total August online sports betting handle of $280.1 million, up 11.9% from the $250.2 million in July. Michigan includes online poker revenue in the general online casino gaming category.
Operators submitted $37.8 million in taxes and payments to the state with the three Detroit casinos also reporting paying the city $9.4 million in taxes. Tribal operators reported $4.6 million in payments to governing bodies as well.
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