Overview of iGaming revenue from six U.S. states

A summary of the revenue generated by iGaming in the six US states where online gambling is permitted. These include Michigan, Connecticut, New Jersey, Pennsylvania, West Virginia, and Delaware.

As of December 2023, the cumulative iGaming revenue amounted to $582.2 million, reflecting a growth rate of 26.6%. In the corresponding time frame of 2022, the amount was recorded at $459.9 million.

Michigan’s online casinos pulled in $181.4 million in December, topping the previous high of $175.3 million set in November. The state’s revenue increased by 27.3% when compared to the $137.8 million figure from December 2022.

The fourteen online casinos under Michigan’s authority paid out $34.1 million, an 11.5% increase. A total of $8.4 million was contributed by three casinos located in Detroit, of which $4.3 million was allocated to the tribal government, and the remaining amount was transferred to the state.

In New Jersey, online casino gaming generated $180.3 million in revenue in December, a record for the state. It was an increase of 19.1%. The cumulative igaming revenue for the entire calendar year amounted to $1.92 billion, indicating a 15.7% expansion from the $1.66 billion recorded in 2022.

Golden Nugget took the top spot with $52.8 million, followed by Resorts Digital with $46.1 million and Borgata/BetMGM with $40.6 million. In December, New Jersey received $27.1 million in online gaming tax revenue.

In the case of Pennsylvania, revenue collection in December 2023 was $165.1 million, representing a 22.7% increase over the previous year. The collective income for 2023 was $1.74 billion, up 28%.

First in line was Hollywood Penn National Gaming, with a gross revenue collection of $61 million, followed by Valley Forge, with $41.3 million. Pennsylvania collected $70.8 million in taxes, compared to $66.8 million in 2022. 

In Connecticut, online gambling revenue in December was $39.4 million, a 54% increase. DraftKings (Foxwoods) and FanDuel (Mohegan Sun) paid the state 18% in taxes, totaling $7.1 million. Compared to 2022, this represents a 53.6% increase over the previous year’s $4.1 million.

Among the states that reported igaming revenue for December, West Virginia had the second-highest total at $14.8 million. It was also 20% more than the previous record-holder from December 2022, which was $12.1 million.

Finally, Delaware generated $1.2 million in gross sales in December, which is consistent with 2022. Online video lottery (slot) games contributed the most, at $968,263, while in 2022, the figure was $890,894. This was followed by table games at $174,137, indicating a 33.5% decrease. In 2022, the figure was $243,899. Online poker revenues decreased from $43,069 to $24,190.

Edna Boykin

Edna Boykin started her career as a financial news writer. And, she was withal active in stock trading. From the commencement of her vocation, she is passionate about online poker games. As she likes to play poker and roulette, she knows the casino industry exhaustively. She recently joined Times of Casino as a news writer. She regularly contributes in-depth breaking stories and news updates of the casino industry.

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