US Online Casinos Continue to Shatter Revenue Records

By ACG
Published April 23, 2021

Michigan, New Jersey, and Pennsylvania continue to break revenue records in the iGaming industry. 

Michigan exceeds expectations. 

Michigan brought in $127.4 million in March from online casinos and sports betting. 

Revenue from online casinos was up 19.3% from February’s numbers in the Wolverine state, making up most of the total revenue in March’s tally ($95.1 million). 

Richard S. Kalm, the executive director of the Michigan Gaming Control Board, said in a statement that the tax revenue generated “means more funding for the City of Detroit, K-12 education, economic development, and tribal communities.”

Predictions for the year have Michigan on pace to earn $760 million in revenue. These figures place Michigan in the same league as other iGaming states, Pennsylvania and New Jersey. 

New Jersey

Over in New Jersey, the Division of Gaming Enforcement reported that gambling revenue rocketed 119.8% year-on-year in March. 

Total revenue for the month came to $359.3 million, with online casinos bringing in a total of $113.7 million

Borgata Online was the top-grossing casino with $36.2 million in revenue, followed by Golden Nugget at $31.8 million and Resorts Digital with $21.4 million

Revenue from online slots increased 132.8% to $134.3 million, and table game revenue was also up 82.0% to $50.6 million.

Pennsylvania

Not to be outdone, the Pennsylvania Gaming Control Board reported that PA saw a 162.7% year-on-year revenue increase in March. 

Online casinos brought in $97.7 million in total revenue, with online slots accounting for $66.4 million

Online table games revenue was $28.9 million from $1.51 billion in wagers, and poker revenue was $2.4 million.

The PGCB reported year-on-year growth across all products.