Zona de Azar USA – US iGaming Revenue Report for March 2023

USA.- April 20th 2023 www.zonadeazar.com An overview of igaming revenue in Michigan, New Jersey, Pennsylvania, Connecticut, West Virginia, and Delaware, the six states in which online gambling is legal in the U.S.

National

Internet casino gambling set new revenue records in Michigan, New Jersey, Pennsylvania, West Virginia, and Delaware in March, while Connecticut tied its previous record. Total igaming revenue for March in the six states where it’s legal added up to $524.7 million, a 21.8% increase over March 2022’s $410.1 million. The online-casino juggernaut continues to make mincemeat of month-over-month totals, let alone year over year.

Michigan

Michigan’s online casinos set another new record in March, generating $171.8 million for the month. That crushed the old record of $153.7 million set in January and was a 23.3% jump over the $131.7 million registered in March 2022. March’s win also ushered Michigan’s internet-casino revenue past $3 billion since igaming launched a little more than two years ago (January 2021) and it was the second month in a row that the igaming win beat that of New Jersey.

BetMGM remains the market leader with $56.2 million, a little less than 15% higher than March 2022’s $46.9 million. Second-place FanDuel (Motor City) earned $34.2 million, a significant 34.2% more year over year.

Altogether, Michigan’s 14 online casino operators paid $44.6 million in state and local taxes and fees.

New Jersey

For March 2023, New Jersey reported an igaming win of $165.7 million, reflecting growth of 17.8% compared to the $140.7 million in March 2022. This set a new monthly record, beating the previous record of $152.9 million set in January by 7.7%.

For the first time since this Revenue Report came into existence, Resorts Digital took top igaming-revenue honors with $44.9 million, which also set a new record for monthly igaming revenue in the Garden State. It was followed closely by the normative first-place Borgata at $43.9 million; Borgata set the previous record for online-casino revenue last November at $44.3 million. Golden Nugget was right on Borgata’s heels at $42.7 million.

New Jersey collected $24.9 million in igaming taxes for the month of March, an increase of 15.3% year over year.

Pennsylvania

The third largest igaming state won $148.2 million in March, an increase of 25.4% over March 2022’s $110 million and a new record. Total revenue from online slots, $104.8 million, was a similar increase of 24.4% compared to last year’s $79.2 million, while online table games earned $40.5 million, up 11.9% year over year. Meanwhile, online poker’s $2.9 million was a drop of 9.4% from last March’s $3.2 million.

Hollywood Casino at Penn National continued to hold its top spot with a gross of $62.3 million, followed by Valley Forge Casino Resort with $31.8 million, and Rivers Casino Philadelphia, which posted igaming revenue of $30.5 million.

Pennsylvania collected $63.5 million in taxes from igaming as compared to $49 million in March 2022, a jump of 28% year over year.

Connecticut

Connecticut’s two igaming platforms, DraftKings and FanDuel, earned $23.3 million in March 2023 as compared to $18.3 million year over year, a 21.5% increase. That tied the monthly record set in February, though there were three additional reporting days in March.

DraftKings and FanDuel paid their 18% in taxes to the Constitution State in March, which came to $4.1 million, up 19.6% from last year’s $3.3 million.

West Virginia

For the period between March 4 and April 1 (the state reports its igaming results weekly), West Virginia’s revenue from internet-casino gambling was $14.3 million, an increase of 28% from March 2022’s $10.3 million; it also set a new record for a four-week period of igaming revenue.

Delaware

Delaware’s March igaming revenue of $1.4 million reflected the nationwide record-setting trend by increasing by 28.6% over last year’s $1 million.

Online video lottery slots once again accounted for the lion’s share of income at $1.1 million, up 20% year over year, while table games earned $260,394, an enormous increase over the $68,754 of March 2022. Online poker revenue was $32,151, a drop of 10.7% from last March’s 36,000, the only decrease out of all the numbers from all the igaming states.

Edited by: @MaiaDigital www.zonadeazar.com