Online gaming and sports betting just seems to continue growing in popularity among American gamblers. Legalized online gaming states reported April revenue totals recently and three of the country’s broadest markets reported rising totals again.
Pennsylvania, Michigan, and New Jersey offer a full range of online gaming, poker, and sports betting. All three continue seeing rising numbers in iGaming as well as nice reports in overall gaming revenue.
Numbers Up Again in Pennsylvania
In Pennsylvania, the state’s Gaming Control Board reported total gaming revenue of $476.7 million, an increase of almost 3.3% compared to April 2022. In the online arena, the state saw revenues of $137.2 million, a 21.3% increase over the same month last year.
Hollywood Casino/BetMGM led the field with $58.5 million followed by Valley Forge/FanDuel with $31.2 million. Here’s the breakdown of online gaming revenue from each gaming option in the state:
- PA online casino slots – $95.6 million
- Table games – $38.9 million
- Online poker – $2.7 million
Tax revenue generated from iGaming during April reached $58.3 million. On the sports betting front, online getting accounted for 34.4 million of the $37 million wagered in the state. The statewide total handle was $572.2 million. Tha number remained basically flat from April 2022, but the total revenue climbed 10%.
New Jersey Sees Growing Totals Also
Online gaming continues to grow in the Garden State, according to numbers from the New Jersey Division of Gaming Enforcement. April saw total gaming revenue from the state’s casinos, racetracks, and NJ online casino partners at $462.7 million, a 9.5% increase from the $422.5 million reported in April 2022.
So far this year, total gaming revenue was $1.80 billion. That’s a 12.4% increase from $1.6 billion during the same period in 2022. These numbers may have been strong, but overall casino win for the state’s nine casinos was $231.5 million for April, a decrease of 1.6% compared to $235.3 million in April 2022. However, year-to-date casino win for the nine casinos was $886.8 million, an increase of 4.6% compared to $848 million during the same period last year.
Online gaming once again saw growth in the state, reaching $158.9 million, growth of 16.1% compared to March’s total of $136.9 million. Year-to-date iGaming win for the state’s operators was $620.1 million. That’s a growth of 13.7% compared to $545.4 million for the same four months in 2022.
Sports wagering gross revenue achieved $72.3 million for April at the state’s casinos, racetracks, and their online partners. This was a massive 43.6% increase compared to $50.3 million in March. Sports wagering gross revenue saw a report of $292.3 million year to date, a 40.6% bump from $207.8 million during the same period in 2022.
Online Gaming Revenue Remains Strong in Michigan
Overall gaming revenue dropped in the Wolverine State compared to March but saw nice numbers compared to the same month a year ago, according to the Michigan Gaming Control Board. Michigan online casinos and tribal operators reported a combined $195.7 million in total online gaming and sports betting gross receipts in April. That’s a 9.6% slide compared to March.
April iGaming gross receipts totaled $159.4 million compared to a record-setting $171.8 million in March. Online sports betting checked in at $36.3 million compared to $44.6 million in March. Total online handle reached $322.8 million, down 20.8% from $407.7 million in March.
The sports betting totals seem like a natural decrease for sports with March Madness and football season coming to an end. The NBA and NHL playoffs could help propel this figure back up for May revenue totals.
Combined adjusted gross receipts for April were $167.9 million. Of that, $143.4 million came from iGaming and $24.5 million from sports, equating to decreases of 7.3% and 22% decreases compared to March, However, those figures are 20.2% and 46.8% increases, respectively, from April 2022.
In total, operators submitted $31 million in taxes and payments to the state for the month including:
- Internet gaming taxes and fees – $29.4 million.
- Internet sports betting taxes and fees – $1.6 million
The three Detroit casinos submitted $8.1 million in wagering taxes and municipal services fees to the city in April including:
- Internet gaming taxes and fees – $7.5 million
- Internet sports betting taxes and fees – $620,743
Tribal casino operators also made $3.6 million in payments to governing bodies in April. The state reported a total of 15 operators offering some form of iGaming and online sports betting during April.