Major U.S. Markets See Online Gaming Revenue Growth In FebruaryOnline Operators See Revenue Uptick In Michigan, New Jersey And Pennsylvania |
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The largest U.S. markets for online gaming saw solid revenue gains in February.
Michigan, Pennsylvania and New Jersey all saw year-over-year gross revenue increases from online operators. In the Garden State, iGaming once again topped brick-and-mortar casino revenue.
Online poker showed some growth overall as well and thanks to an Eagles Super Bowl victory, sports betting win for players surged in the Keystone State. Here’s a quick look at revenue totals in the country’s three main online gaming states.
Pennsylvania
While live casino revenue dropped in the Keystone State in February, online gaming accelerated. Combined gross gaming revenue between online and brick-and-mortar venues reached $477.3 million, a 4.4% decrease compared to the same month in 2024, according to the Pennsylvania Gaming Control Board.
However, online revenue grew 12.3% to $202.7 million, with operators paying $91.8 million to the state coffers. Here’s how the numbers break down:
On the sports betting front, February’s total sports wagering handle was $756.9 million, a 14.4% surge from February 2024’s $661.7 million. Sportsbooks held just shy of 10% of those wagers, creating taxable income of $7.5 million. But those revenue numbers were a staggering 75.26% lower year-over-year.
That revenue dip was most likely attributed to local bettors wagering on their hometown team in the Super Bowl since bettors found above average winnings when the Eagles topped the Chiefs in the Super Bowl.
When a local team wins a major championship, the sportsbooks usually come out on the losing end of the bets as the customer base is wagering on their favorite team.
For example, Rhode Island sportsbooks posted a losing month when the New England Patriots won the Super Bowl in 2019.
New Jersey
Compared to their online counterparts, the Garden State’s brick-and-mortar casino industry continues to struggle.
After s January uptick, the state’s nine brick-and-mortar casinos reported $203.5 million in February revenue, a decrease of 3.8% compared to $211.6 million in 2024. According to numbers from the New Jersey Division of Gaming Enforcement, the year-to-date total stands at $413.5 million through February 2025, a drop of 0.7%.
Online casinos once again surpassed live casino revenue, bringing in $207.8 million. That’s an increase of 14% from $182.3 million in February 2024. Online poker revenue totaled $2.4 million in February, a jump of 2.6%.
Sports betting produced February revenue of $73.6 million, up 8.9% from $67.6 million in 2024. Year-to-date gross revenue totals $195.8 million, a slide of 17.9% compared to $238.3 million reported for the prior period. Total revenue from all forms of gaming reached $484.8 million in February, up 5.1% from $461.5 million in 2024.
The state collected $53.3 million in monthly gaming revenue taxes.
Michigan
Michigan saw $268.5 million in online gaming and sports betting revenue in February, a drop of 18.9% compared to January, according to the Michigan Gaming Control Board. Online casino reached $222.5 million and gross sports betting totaled $46 million, a decrease of $83 million from January.
Combined adjusted gross receipts (AGR) were $236.3 million, including $209.1 million from iGaming and $27.2 million from sports. Compared to February 2024, iGaming AGR was up 23.6% and sports betting AGR increased $14.3 million. Online poker is included in online casino revenue in Michigan, but similar results as in Pennsylvania and New Jersey seem likely.
For sports betting, total handle stood at $379.8 million, which was down 31.6% from $555.2 million in January. Operators submitted $43.8 million in taxes and payments to the state and tribal operators reported $4.7 million in payments to governing bodies in February.
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