Online Casino Revenue Breaks Records Across Multiple States

Many online poker and casino operators in Michigan, New Jersey, and Pennsylvania also broke their own revenue records in March.
black and white vinyl record that has been broken in several places, representing the broken records the US online casino and poker industry set in march
By
April 26, 2022

March proved to be an especially strong month for online poker and casino gaming in the US, with five of the six states that offer both posting record revenue for the combined verticals.

Many operators across the three biggest iGaming states – Michigan, New Jersey, and Pennsylvania — posted record revenue in their own rights.

Revenue from online poker and casino gaming from those three states plus Connecticut, Delaware, and West Virginia totaled a record $423.4 million in March. That figure represents a 35.9% year-over-year increase ($311.6 million) with one less state (Connecticut).

Five of the six states posted record highs for revenue in the combined verticals. New Jersey led the field ($140.7 million, up 23.7% year-to-year), followed by Michigan ($131.7 million, 38.5%), Pennsylvania ($118.1 million, 20.9%), Connecticut ($22.6 million in unadjusted revenue), and West Virginia ($9.3 million, 118%). Delaware fell $119k short of breaking its monthly record but still managed to gross $1 million in March.

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Online Poker Revenue Up Across the Board

In Michigan, the state’s Gaming Control Board (MGCB) does not separate online poker revenue from online casino revenue. And, while online poker is legal in Connecticut and West Virginia, neither state has an operator offering it. But poker itself grossed $3.2 million in Pennsylvania in March, as well as $2.5 million in New Jersey and $36k in Delaware.

Poker was up 12.5% month-over-month in Pennsylvania, 13.6% in New Jersey, and 11.7% in Delaware.

PokerStars PA continued to dominate its rivals in the Keystone State with $1.9 million in online poker revenue in March, but in neighboring New Jersey, the vertical remained a scramble between WSOP NJ, PokerStars NJ and the trio of operators on the Borgata license — BetMGM Poker NJ, Borgata Poker NJ, and partypoker NJ. Borgata was tops in March at $982k.

Online Casino Records Shattered Everywhere

Online casino revenue in New Jersey hit a record $138.1 million in March, up 8% from February ($127.7 million). Operators on the Borgata casino license — BetMGM Casino NJ, Borgata, Pala, and partycasino NJ — led the way with a record $40.4 million in revenue. Golden Nugget Casino NJ was close behind with a record of its own at $38.3 million.

In Pennsylvania, online casino revenue hit a record $114.9 million, besting February by 15.4% month-over-month ($99.5 million). The partners on the Hollywood Casino license — Barstool Casino PA, BetMGM Casino PA, and DraftKings Casino PA — led all others with a record $44.8 million in revenue.

The Hollywood trio wasn’t alone, though. Operators on the Rivers-Philadelphia license — Borgata Casino PA, BetRivers Casino PA, and SugarHouse Casino PA – grossed a record $30.1 million. FanDuel Casino PA and Stardust Casino PA — partners on the Valley Forge Casino license — combined for a record $23.9 million.

Live! Philadelphia (partnered with Betway Casino PA), Caesars Interactive, and Wind Creek also broke records in the Keystone State, posting revenue of $3.3 million, $2.2 million, and $1.5 million, respectively.

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Michigan Revenue Records Broken, Too

Despite not knowing how much poker contributed to the final revenue totals in March, the combined vertical hit a record $131.7 million, up 7.7% month-over-month. The $122.8 million mark from February was a previous high.

The top three operators in the Great Lakes State also set record highs for revenue, and each was one month removed from its previous record. BetMGM MI grossed $47.9 million in March, followed by FanDuel MI at $22.5 million and DraftKings MI at $20.7 million. By comparison, the three leaders made $46.9 million, $19.5 million, and $20.1 million in February, respectively.

Two smaller operators that don’t offer poker in Michigan also had their best month to date. BetRivers Casino MI grossed $9.7 million, while Pala Interactive made $2.8 million. Pala built on a previous high of $2.5 million in February.

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