The major regulated online gaming states in the US recently released revenue numbers for September, and the numbers showed some good increases overall.
September totals included a new iGaming record in Pennsylvania and some huge growth in online gaming in New Jersey and Michigan. Here’s a look inside the stats.
Pennsylvania
The Keystone State reported big numbers for all forms of gaming once again, including another record for the iGaming sector. Gaming revenues of all forms in the state during September totaled $476.3 million, an increase of 6.2% compared to September 2022, according to the Pennsylvania Gaming Control Board.
Hollywood Casino once again took first place in the state, generating $77 million in revenue, an increase of 16.8% from $666 million in the same month last year. Valley Forge overtook Parx to become the No. 2 casino in the state with $66.1 million, up 24.6% from $53 million last September.
Total tax revenues for the month amounted to $197.7 million. When it comes to online gaming, September became a record for total monthly revenue – totaling $159.5 million compared to $112.7 million in September 2022, an increase of 41.5%. Monthly iGaming tax revenue reached $69.1 million.
The state’s previous record iGaming month came in March, with a total of $148.2 million.
On the sports betting front, total betting handle (both live and online) was $726.3 million in September, an increase of 12.6% from the same month in 2022 ($645.2 million). However, the taxable revenue figure was $36.6 million, 27.1% lower compared to September 2022 ($50.2 million). Online betting totaled $32.1 million, and live betting generated revenue of $4.6 million.
New Jersey
The Garden State had a big showing in September as well with revenue numbers mostly up across the board. For all live gaming, the state saw a slight decrease compared to 2022, according to the New Jersey Division of Gaming Enforcement. Revenue for the state’s nine casino properties was $246.5 million, down 2.1% from the $251.7 million reported in September 2022.
However, annual revenue for live casino properties was approximately $2.2 billion, up 1.8% compared to $2.1 billion for the year-to-date period in 2022.
For online gaming, casinos and their partners reported revenues of $163.8 million, an increase of 21.1% compared to $135.2 million in September 2022. Since the beginning of the year, the console has reported revenues of $1.4 billion, reflecting growth of 15.4% compared to 1.2. Billion dollars for the year 2022. The period from the previous year to date.
For sports betting, total revenue reported by casinos, racetracks and their partners was $111.1 million for September, an increase of 13.4% from the $98 million reported in the same month of 2022. The total to date is $709 million. An increase of 37.2% compared to the $516.9 million recorded in the same period in 2022.
When considering all forms of gaming, live and online betting as well as sports betting, total revenue for September was $521.5 million, up 7.5% from the $485 million reported in the same month of 2022. As for the year-to-date numbers, total gaming Revenue was $4.3 billion, an increase of 10.8% from the $3.9 billion reported in the prior year-to-date period.
Michigan
Commercial and tribal casinos and their partners reported total revenue of $210.4 million in online gaming and sports betting revenue in September. This was a 20% increase from August, with the start of the football season pushing up sports betting numbers. iGaming numbers have also been on the rise.
In the hack, iGaming alone was worth $166.4 million, and sports betting was worth $44 million. These numbers are higher than August’s total revenue of $152.2 million for iGaming and $23.2 million for eSports.
Total adjusted iGaming and online sports betting gross receipts (Reward) for September reached $168.5 million, including $149.8 million from iGaming and $18.7 million from sports. This represents an increase of 9.2% and 17.8%, respectively, compared to August.
Compared to September 2022, iGaming Reward It rose by 29.3%. However, it is worth noting that sports betting declined by 31.1% during this period. Online sports betting totaled $457.7 million, up $239.2 million from $218.5 million in August.
Operators made $32.6 million in taxes and payments to the state during September.
