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Approved US states saw significant growth in online gaming revenue in November, although online poker stagnated slightly. One of the highlights was setting a new iGaming record in Michigan.
Pennsylvania and New Jersey also saw big jumps in iGaming revenue as well. On the downside, sports betting has produced some serious declines in some states. Here are some thoughts on November’s numbers.
Pennsylvania
Pennsylvania Gaming Control Board (PGCB) reported total November revenue of $444.5 million from all gaming formats, down 1.7% from November 2022. Online gaming operators generated $158 million, up 22.8% from $128.6 million last November. Of that amount, online slot machines generated $109.3 million and table games generated $46.4 million.
Online poker reported $2.3 million, the same number from October, down about $240,000 from November 2022.
Sports betting handle totaled $934.1 million, a new monthly record and an 18.4% increase from $789.2 million in November 2022. But taxable revenue was just $12.9 million, down 75.6% from $52.9 million last year. the PGCB It was reported that the significant decline came from the large non-taxed promotional play by ESPNbet that was recently launched as well as the low retention percentage that bettors took advantage of. Retail betting totaled $2.6 million and online betting was $10.3 million.
New Jersey
The New Jersey Division of Gaming Enforcement reported that the state’s nine casinos generated total gaming revenue of $214.9 million, up 0.2% from $214.5 million in November 2022. Year-to-date revenue reached $2.6 billion, up 1.8% from $2.6 billion Dollar in 2022.
iGaming revenue was $171.6 million, up 17.4% from $146.2 million in November 2022. Year-to-date, online gaming was worth $1.7 billion, up 15.4% from $1.5 billion in 2022. Poker unchanged Online since 2022 at $2.1 million.
Total sports betting revenue saw a 19.2% increase to $95.9 million compared to $80.4 million in 2022. That means $897.2 million to date, up 32.9% from $675.3 million in 2022.
Total live gaming revenue was $482.4 million, up 9.4% from $441.1 million in 2022 – and $5.3 billion year to date, up 10.5% from $4.8 billion last year.
Michigan
Operators reported total revenue of $209.2 million from online gaming and sports betting in the Wolverine State in November. This represents an increase of 1.9% from October. iGaming for November set a new record of $175.3 million, compared to the previous record of $171.8 million in March.
Total online sports betting revenue was $33.9 million. Adjusted total revenue from iGaming and online sports betting (Reward) reached $158.1 million, including $157.8 million from iGaming, but only $294,810 from online sports. Online casino advanced 9.4% while sports gaming declined 98.7% compared to October.
Compared to November 2022, online casino Reward They are up 20.5% while sports are down a whopping 98.9%. Total online betting handle reached a new record high of $568.8 million, up 6.7% from $533 million in October. The launch of ESPNbet may also have played a role in these declines. Michigan includes online poker as part of its comprehensive online gaming statistics.
