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Online Gaming Sees Big Revenue Gains For December

2023 Paved Way For Record Numbers

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The U.S. online gaming industry closed out 2023 with record numbers on several fronts. That included some major revenue gains for the month of December.

The industry continues to show growth after celebrating a decade of legalized iGaming on a state-by-state basis last year, including online poker.

Pennsylvania

The Keystone State saw a massive December, according to the Pennsylvania Gaming Control Board (PGCB), total revenue generated from all forms of gaming at $534.2 million, a 12.5% surge from December 2022. That was a record revenue month, topping the $515.3 million from March.

December also brought all-time monthly revenue highs for iGaming with $165.1 million compared to $159.5 million in September 2023. Sports wagering also reached a record level with $72.6 million compared to $63.7 million in November 2021.

Total sports betting handle reached $925.6 million, up 22.6% from December 2022. Here are figures for all online gaming:

  • Slots – $116.9 million, up 4.9%
  • Table games – $45.8 million, 13.5%
  • Online poker – $2.4 million, down 8.7%
  • Sports betting – $67.2 million

The year overall brought a Pennsylvania gaming record of $5.7 billion with online gaming playing a major role after seeing growth of 28% over 2022.

New Jersey

The Garden State saw some nice gaming increases in December, according to the New Jersey Division of Gaming Enforcement (NJDGE). The state’s Atlantic City casinos brought in $232.4 million in December, a rise of 7.8% compared to $215.6 million in December 2022.

The annual numbers showed some growth as well, with a total of $2.85 billion compared to $2.79 billion in 2022, an increase of 2.2%. December online gaming was $180.3 million, a jump of 19.1% from $151.5 million for the same month in 2022.

Online poker saw revenue of $2.3 million in December, up 4/7% from almost $2.2 million last December. For the year, poker saw revenue of $28.9 million, a rise of 5.6% of 2022’s $27.4 million.

For the entire year, online gaming revenue topped out at $1.92 billion, recording growth of 15.7% compared to $1.66 billion in 2022. For sports betting, gross revenue reached $109.4 million in December, up 24.8% from $87.7 million in 2022.

Total revenue from all forms of gaming reached $522.2 million in December, a 14.8% increase from $454.8 million in 2022. All gaming revenue equated to $5.78 billion for 2023, topping the $5.21 billion in 2022 by 10.9%.

Michigan

The Wolverine State also performed well in December, with online gaming totaling $242.5 million, a 15.9% increase from November. This included:

  • $181.4 million for iGaming, a record high beating the previous high of $175.3 million in November.
  • $61.1 million for gross sports betting, also a record surpassing $54.1 million from November 2021.
  • $583 million in total online sports wagering handle, also a record and 2.5% above the $568.8 million in November.

In 2023, operators reported a combined $2.3 billion in total iGaming gross receipts and gross sports betting receipts – $1.9 billion from iGaming and $420.4 million from online sports betting. That’s a total jump of 18.3% over 2022. Michigan doesn’t break down online poker revenue from other online casino gaming.