All Six Regulated iGaming Markets in the US Are Enjoying Revenue Increases

Article by : Erik Gibbs Aug 26, 2023

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National Total iGaming revenue for July 2023 in the six legal US states has almost reached the half-billion mark together. The states accounted for a total combined revenue of $482.6 million.
Compared to $388.4 million in July 2022, this signalled a clear spike of nearly 20%. These six state markets include New Jersey, Connecticut, Pennsylvania, Michigan, West Virginia and Delaware.

In New Jersey, casinos and various gambling providers recorded $155.2 million in July 2023. That is an increase of 12% above from July 2022. This resulted in a 13.6% rise in New Jersey’s year-to-date iGaming total recorded revenue, not nearly $1.1 billion.

Borgata remains the top provider in the state with $43 million earned. Resorts Digital came in second with $40.6 million, followed by the Golden Nugget, which slipped into third place with $39.8 million.

In Michigan, online gaming generated just over $150 million in revenue in July. That accounts for a 17.6% increase from the same period in 2022. Detroit’s three commercial casinos contributed $7.2 million to the city. Native casinos came in second with $3.5 million.

In July, Pennsylvania’s online casinos brought in $129.9 million. Compared to 2022, that is a 24% increase from $98.6. Slot machines dominated the market and contributed to the highest chunk, reaching the $94.8 million mark last month. In July, Pennsylvania’s tax take from online gaming increased by almost 25% and slightly surpassed the $57 million mark.

In Connecticut, DraftKings and FanDuel, the state’s two most prominent online casino providers, earned almost $30 and $28.2 from their online gaming operations. That is an outstanding jump from 2022, accounting for a 40% increase for both brands.

The second-best total since online casinos were introduced in August 2020 was generated by the Mountain State in July 2023. Online and gaming revenue reached $14.4 million. Only one month earlier, $16.4 million set the previous record.

In addition, Delaware-based online gambling companies reached their customary $1.2 million from online casino players. This represented a decrease of 8.3% from the record-breaking $1.3 million in July 2022.

Most revenue for Delaware came from online video lottery (slot) games. While not the most favourable numbers, state authorities estimate that the growth potential is still significant.

While the gaming industry keeps thriving, land-based casino operations in all states have continued to increase. To experts, this is another example of how adopting online services only sometimes replaces the full scope of what a land-based operation offers users and players.