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Online Gaming Revenue Sees Double-Digit Gains In Key Markets

Poker Drop In Pennsylvania, Unchanged In New Jersey


Online gaming continues to produce big revenue increases in the country’s legalized states. Pennsylvania, New Jersey, and Michigan all reported double-digit increases in online gaming compared to April 2023.

On the negative side, live gaming revenue saw a drop in New Jersey again. Here’s a look at results from all three states.

Pennsylvania Online Gaming Continues Surge

The Pennsylvania Gaming Control Board (PGCB) reported total revenue from all forms of gaming was $504.7 million in April, up 5.9% compared to April 2023. That generated total tax revenue of $209.9 million.

In the online gaming arena, the Keystone State reported gross revenue totaling $173.4 million for April, a 26.4% increase compared to $137.2 million for the same month in 2023. Here’s a look at how that breaks down by category:

● Online slots – $126 million, up 31.8% from April 2023
● Online table games – $45 million, up 15.8% from April 2023
● Online poker – $2.4 million, down 11.2% from April 2023
● Online sports wagering handle – $646.1 million, up 12.92% from April 2023

New Jersey Live Gaming Drops, Online Boasts Increases

The Garden State’s nine casinos reported revenue of $216.8 million for April, a decrease of 6.3% from $231.5 in April 2023, according to the Division of Gaming Enforcement. Year-to-date revenue was $872.9 million, a drop of 1.6% from $886.8 million in 2023.

However, online gaming continued to post revenue climbs, reaching $187.9 million, growth of 18.2% compared to $158.9 million in April 2023. Year-to-date online revenue was $750.7 million, a jump of 21.1% compared to $620.1 million for the same period in 2023. Online poker remained mostly unchanged at about $2.3 million in April 2024 and 2023.

Sports wagering gross revenue was $106.2 million for April, rising 46.9% from the $72.3 million reported in April 2023. Year-to-date wagering gross revenue reached $434.2 million, a 48.6% increase from $292.3 million in 2023.

Total April revenue from all forms of gaming was $510.9 million for April, a 10.4% increase from $462.7 million during the same month in 2023. Year-to-date total gaming stood at almost $2.1 billion, a rise of 14.4% from $1.8 billion in 2023.

Michigan Adjusted Revenues Climb Compared To 2023

Operators reported $234.8 million total online and online sports betting gaming gross receipts in April, a decrease of 8.7% from March, according to the Michigan Gaming Control Board. This included $192.9 million for iGaming and $41.9 million for sports betting.

The adjusted gross receipts for April was $201.9 million, including $174.2 million from iGaming and $27.8 million for sports. This represents a decrease of 10.4% for online gaming and a sports betting increase of 4.1% when compared to March. However, compared to April 2023, iGaming was up 21.4% and sports betting was up by 13.3%.

Total April online sports betting handle was $399.1 million, down 16.9% from the $480.4 million recorded in March. Michigan includes online poker results with overall online gaming figures. Operators submitted $37.6 million in taxes and payments to the State of Michigan during April.