Online casino gambling started its journey to legalization in the US in 2011, when each state was given permission to regulate online casino gambling. That year, the states of New York and Illinois were allowed by the Department of Justice (DOJ) to sell lottery tickets online. However, online casino gaming continues to be unregulated in most states, with the majority of efforts to legalize gambling activities focused on mobile sports betting.
Since the PASPA Act was overturned in 2018, online sports betting has become legal in more than 34 states, with others also working on introducing a legal system for mobile sports wagers. However, online casino gambling is currently legal in just a few states, with some of them placing strict limits on the forms of legal gambling that state residents can enjoy.
In December 2011, Nevada also joined the Garden State in legalizing online casino games, but the only form allowed was online poker. It took the Silver State more than a year to launch its first operational poker website, but the market has now enjoyed more than a decade of legal operation.
Delaware legalized online casino operations in 2012, becoming the second state to legalize online casino games. Despite having a fully operational iGaming industry for over a decade, the Diamond State has granted licenses to only three casino sites.
In 2017, Pennsylvania also introduced legal online casino gaming to its residents, with the Keystone State implementing a regulatory framework to combat black-market gambling and increase its tax revenue. Taxes imposed on online casino gambling in Pennsylvania are rather high, with slot revenue taxed at 54%, while table game revenue is taxed at 14%.
The next state to join online casino legalization in the US was Michigan, which introduced a legal framework for online casino gambling in 2019. Just two years after the state introduced legal online casino gaming, it generated $1.4 billion from online casinos operating in the Wolverine State. Michigan has licensed the operations of 15 online casinos, but it may add even more brands to the list of licensed casino sites, as online casino gaming generates the bulk of the state’s total gaming revenue.
In 2021, Connecticut joined the other states that have legalized online casino gambling along with online poker and both retail and online sports betting. The two tribal casinos operating in Connecticut have also been authorized to offer all online and land-based gambling forms that have been legalized in the Constitution State.
NJ Online Casino Revenue
New Jersey’s overall online gaming industry, which includes online casinos, sports betting, and online poker, is considered the biggest iGaming sector in the United States. Each month, the New Jersey Division of Gaming Enforcement provides official iGaming revenue reports for all eight licensed online casino operators.
In January 2023, the total online casino revenue reported by the eight online casino licensees in New Jersey amounted to $152.9 million. Compared to $137.8 million collected in January 2022, the January 2023 figures reflected a 10.9% year-over-year increase. The Internet gross revenue tax paid that month was $22.9 million.
| NJ January 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,707,224.00 |
| Other Authorized Games | $150,159,593.00 |
| Total Internet Win | $152,866,817.00 |
| Internet Gross Revenue Tax 15% | $22,920,259.00 |
| NJ February 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,283,823.00 |
| Other Authorized Games | $140,309,143.00 |
| Total Internet Win | $142,592,966.00 |
| Year-to-Date Peer-to-Peer | $4,994,047.00 |
| Year-to-Date Other Authorized Games | $290,465,736.00 |
| Year-to-Date Internet Win | $295,459,783.00 |
| Internet Gross Revenue Tax 15% | $21,421,809.00 |
| NJ March 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,492,092.00 |
| Other Authorized Games | $163,219,733.00 |
| Total Internet Win | $165,711,825.00 |
| Year-to-Date Peer-to-Peer | $7,486,139.00 |
| Year-to-Date Other Authorized Games | $453,685,469.00 |
| Year-to-Date Internet Win | $461,171,608.00 |
| Internet Gross Revenue Tax 15% | $24,917,707.00 |
| NJ April 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,306,475.00 |
| Other Authorized Games | $156,630,516.00 |
| Total Internet Win | $158,936,991.00 |
| Year-to-Date Peer-to-Peer | $9,792,614.00 |
| Year-to-Date Other Authorized Games | $610,315,985.00 |
| Year-to-Date Internet Win | $620,108,599.00 |
| Internet Gross Revenue Tax 15% | $23,736,157.00 |
| NJ May 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,350,451.00 |
| Other Authorized Games | $159,061,473.00 |
| Total Internet Win | $161,411,924.00 |
| Year-to-Date Peer-to-Peer | $12,143,065.00 |
| Year-to-Date Other Authorized Games | $769,377,458.00 |
| Year-to-Date Internet Win | $781,520,523.00 |
| Internet Gross Revenue Tax 15% | $24,233,440.00 |
| NJ June 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,547,995.00 |
| Other Authorized Games | $146,744,609.00 |
| Total Internet Win | $149,292,604.00 |
| Year-to-Date Peer-to-Peer | $14,691,060.00 |
| Year-to-Date Other Authorized Games | $916,122,067.00 |
| Year-to-Date Internet Win | $930,813,127.00 |
| Internet Gross Revenue Tax 15% | $22,369,344.00 |
| NJ July 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,699,162.00 |
| Other Authorized Games | $152,465,893.00 |
| Total Internet Win | $155,165,055.00 |
| Year-to-Date Peer-to-Peer | $17,390,222.00 |
| Year-to-Date Other Authorized Games | $1,068,587,960.00 |
| Year-to-Date Internet Win | $1,085,978,182.00 |
| Internet Gross Revenue Tax 15% | $23,215,774.00 |
| NJ August 2023 Online Gaming Numbers | |
|---|---|
| Peer-to-Peer Games | $2,396,954.00 |
| Other Authorized Games | $152,877,572.00 |
| Total Internet Win | $155,274,526.00 |
| Year-to-Date Peer-to-Peer | $19,787,176.00 |
| Year-to-Date Other Authorized Games | $1,221,465,532.00 |
| Year-to-Date Internet Win | $1,241,252,708.00 |
| Internet Gross Revenue Tax 15% | $23,236,113.00 |
For the year ended August 31, 2023, the state of New Jersey reported total gaming revenue of $3.8 billion. Meanwhile, the total online casino revenue generated by the eight licensed Internet gaming providers for the year ended August 2023 amounted to $1.2 billion. This means that the online casino industry for the year-to-date period in August 2023 accounted for almost 33% of the total GGR for that period.
Leading Online Casino Operators in NJ for 2023
The top three Atlantic City casino licensees with the highest Internet win revenue in January 2023 were:
- Borgata with online casino revenue of $40.8 million
- Golden Nugget with online casino revenue of $40.6 million
- Resorts Digital, recording Internet wins of $40.2 million
Based on revenue data published by the New Jersey Division of Gaming Enforcement (DGE), the three entities that reported the highest Internet win in February 2023 were:
- Borgata with Internet wins of $39.7 million
- Golden Nugget with online casino revenue of $36.5 million
- Resorts Digital with Internet wins of $36.0 million
The data for March 2023 show that the three online casinos which recorded the highest online gaming revenue for the month were:
- Resorts Digital, recording online casino revenue of $44.9 million
- Borgata reported Internet wins of $43.9 million for March 2023
- Golden Nugget with Internet wins of $42.7 million
April 2023 Internet win numbers revealed that the three Atlantic City online casinos with the best performance were:
- Borgata with $43.2 million in online casino revenue
- Resorts Digital with online casino wins of $41.7 million
- Golden Nugget, which reported an Internet win of about $41.7 million, but Resorts Digital beat Golden Nugget by a slim margin
In May 2023, a strong month for the online casino industry in New Jersey, the three online casinos that generated the highest Internet win were:
- Borgata with online casino revenue of $44.0 million
- Golden Nugget with total Internet win revenue of $43.5 million
- Resorts Digital with online casino wins of $41.7 million
In June 2023, the three online casino operators that contributed the most to the industry’s online casino revenue increase were:
- Golden Nugget with online casino revenue of $41.8 million
- Borgata with Internet win revenue of $39.4 million
- Resorts Digital with $35.6 million in online casino revenue for June 2023
In July 2023, the three online casino operators that contributed the most to the industry’s online casino revenue increase were:
- Borgata with online casino revenue of $43.0 million
- Resorts Digital with $40.6 million in Internet wins
- Golden Nugget with Internet wins of $39.8 million
The latest published Internet win data show that the best online casino revenue performers for August 2023 were:
- Resorts Digital with Internet wins of $42.3 million in August 2023
- Golden Nugget with online casino revenue of $40.8 million in August
- Borgata, which reported online gaming revenue of $40.2 million
Online Gaming Revenue in Nevada
While Nevada was one of the first states to introduce legal online gaming, the only form of interactive gaming it has licensed is online poker. Until February 2015, the Nevada Gaming Control Board (NGCB) published data on interactive poker revenue in its monthly GGR reports. However, at the beginning of 2015, the state’s gaming regulator decided to stop reporting online poker revenue numbers because the condition of at least three separate licensees reporting online poker revenue each month was no longer met.
In 2013, the Silver State marked the start of legal online poker, but it took the regulator almost a year to publish official revenue numbers because monthly data had to include online poker wins amassed by at least three operators. In February 2014, Real Gaming joined Ultimate Poker and WSOP.com, meeting the regulator’s requirement for publishing official data on online poker revenue in Nevada. Unfortunately, in February 2015, the number of active online poker operators was reduced once again when Ultimate Poker shut down its online poker room in Nevada. This forced the NGCB to stop including interactive poker revenue numbers in its monthly revenue reports.
The only official data we can use to determine how online poker revenue contributed to the Silver State’s GGR growth is to compare the interactive poker revenue figures published by the NGCB between February 2014 and November 2015. In addition, we can take into account the NGCB’s estimates of $7.7 million generated between the launch of online poker in 2013 and January 2014. After month-over-month estimations, we calculate that the change generated in December 2013 and January 2014 was roughly $2.05 million.
Currently, WSOP.com holds a monopoly over online poker operations in Nevada, as it has remained the only licensee offering interactive poker in the Silver State. That means the NGCB continues to exclude interactive poker from its monthly gaming revenue reports. Unfortunately, there is no clear indication of new operators entering the Nevada online poker market in the near future, which means that the requirement of basing revenue on the operations of at least three online poker operators may not be met soon.
| Delaware January 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $433,104.05 | $515,380.86 | -16 | $569,365.87 | -23.9 |
| Bally’s Dover | $385,188.70 | $370,918.03 | 3.8 | $351,513.98 | 9.6 |
| Harrington | $371,569.95 | $235,046.45 | 58.1 | $253,919.93 | 46.3 |
| Total Gaming | $1,189,862.70 | $1,121,345.34 | 6.1 | $1,174,799.78 | 1.3 |
| Delaware February 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $481,750.36 | $394,503.65 | 22.1 | $433,104.05 | 11.2 |
| Bally’s Dover | $337,743.52 | $233,401.07 | 44.7 | $385,188.70 | -12.3 |
| Harrington | $303,607.26 | $215,341.94 | 41 | $371,569.95 | -18.3 |
| Total Gaming | $1,123,101.14 | $843,246.66 | 33.2 | $1,189,862.70 | -5.6 |
| Delaware March 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $443,421.79 | $322,679.00 | 37.4 | $481,750.36 | -8 |
| Bally’s Dover | $555,565.14 | $409,584.05 | 35.6 | $337,743.52 | 64.5 |
| Harrington | $427,475.78 | $269,808.98 | 58.4 | $303,607.26 | 40.8 |
| Total Gaming | $1,426,462.71 | $1,002,072.03 | 42.4 | $1,123,101.14 | 27 |
| Delaware April 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $444,955.39 | $617,702.79 | -28 | $443,421.79 | 0.3 |
| Bally’s Dover | $457,240.20 | $366,309.50 | 24.8 | $555,565.14 | -17.7 |
| Harrington | $391,509.86 | $237,877.40 | 64.6 | $427,475.78 | -8.4 |
| Total Gaming | $1,293,705.45 | $1,221,889.69 | 5.9 | $1,426,462.71 | -9.3 |
| Delaware May 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $509,183.69 | $461,046.65 | 10.4 | $444,955.39 | 14.4 |
| Bally’s Dover | $381,382.66 | $443,911.82 | -14.1 | $457,240.20 | -16.6 |
| Harrington | $341,185.25 | $193,982.89 | 75.9 | $391,509.86 | -12.9 |
| Total Gaming | $1,231,751.60 | $1,098,941.36 | 12.1 | $1,293,705.45 | -4.8 |
| Delaware June 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $407,149.88 | $407,212.53 | 0 | $509,183.69 | -20 |
| Bally’s Dover | $451,137.10 | $407,366.82 | 10.7 | $381,382.66 | 18.3 |
| Harrington | $287,365.97 | $304,439.21 | -5.6 | $341,185.25 | -15.8 |
| Total Gaming | $1,145,652.95 | $1,119,018.56 | 2.4 | $1,231,751.60 | -7 |
| Delaware July 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $475,192.18 | $542,949.98 | -12.5 | $407,149.88 | 16.7 |
| Bally’s Dover | $363,047.17 | $377,753.30 | -3.9 | $451,137.10 | -19.5 |
| Harrington | $343,448.65 | $332,904.09 | 3.2 | $287,365.97 | 19.5 |
| Total Gaming | $1,181,688.00 | $1,253,607.37 | -5.7 | $1,145,652.95 | 3.1 |
| Delaware August 2023 iGaming Revenue | |||||
|---|---|---|---|---|---|
| Casino Operator | 2023 | 2022 | Change % | Previous Month | Month-on-Month Change |
| Delaware Park | $488,308.48 | $558,271.83 | -12.5 | $475,192.18 | 2.8 |
| Bally’s Dover | $319,237.01 | $412,044.43 | -22.5 | $363,047.17 | -12.1 |
| Harrington | $299,587.59 | $326,657.02 | -8.3 | $343,448.65 | -12.8 |
| Total Gaming | $1,107,133.08 | $1,296,973.28 | -14.6 | $1,181,688.00 | -6.3 |
At the time of writing, the Delaware Lottery has published official revenue numbers up to August 2023. Despite the slow pace, the first eight months of 2023 show that the online casino industry in Delaware is experiencing year-over-year growth, meaning this sector plays a significant role in the Diamond State’s total GGR.
Contribution of Online Casino Operators to GGR in Delaware in 2023
In January 2023, the biggest contributor among the three licensed online casinos in Delaware was Delaware Park with iGaming revenue of $433,104.
In February 2023, Delaware Park was again the biggest contributor to Delaware’s online casino revenue, accounting for about 42.9% of the total interactive gambling revenue of the Diamond State for the second month of 2023.
In March 2023, there was a new top performer, with Bally’s Dover taking the lead with revenue of $555,565.
April’s top performer was again Bally’s Dover, with revenue of $457,240.
In May 2023, Delaware Park was the clear top performer. With iGaming revenue of $509,183, it accounted for 41.3% of the total online casino revenue in the Diamond State for May 2023.
In June, Bally’s Dover reclaimed first place as the biggest revenue contributor. With iGaming revenue of $451,137, the operator was responsible for 39.4% of Delaware’s total online casino revenue.
In July 2023, there was another change at the top, with Delaware Park becoming the online casino operator that made the largest contribution to the Diamond State’s online gaming revenue.
In August 2023, Delaware Park enjoyed a second consecutive month as the operator that generated the highest revenue among the three online casino licensees in Delaware. With iGaming revenue of $488,308, it represented 44.1% of the whole iGaming market in the Diamond State during August.
Pennsylvania Online Casino Revenue
Every month, the Gaming Control Board of Pennsylvania updates its revenue reports, adding the official figures for each month of the current fiscal year. The Keystone State starts each fiscal year in July and ends the period in June. At the time of writing, a full revenue report is available for fiscal year 2022/2023, which includes figures reported by online casinos between July 2022 and June 2023. Reports have also been published for July 2023 and August 2023, the first two months of fiscal 2023/2024.
The fiscal 2022/2023 year started with July 2022, during which the licensed online casino operators in Pennsylvania generated interactive gambling revenue of $98.6 million, marking an 11.2% year-over-year growth compared to $88.7 million generated in July 2021.
| Pennsylvania Online Gambling Revenue July 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $71,909,442.00 | $63,226,079.00 | 13.7 |
| Tables Revenue | $23,896,183.00 | $22,859,110.00 | 4.5 |
| Online Poker | $2,765,124.00 | $2,596,418.00 | 6.5 |
| Total Revenue | $98,570,749.00 | $88,681,607.00 | 11.2 |
| Pennsylvania Online Gambling Revenue August 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $92,830,999.00 | $66,319,481.00 | 40 |
| Tables Revenue | $36,138,419.00 | $19,202,547.00 | 88.2 |
| Online Poker | $2,655,713.00 | $3,196,992.00 | -16.9 |
| Total Revenue | $131,625,131.00 | $88,719,020.00 | 48.4 |
| Pennsylvania Online Gambling Revenue September 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $77,891,494.00 | $68,560,341.00 | 13.6 |
| Tables Revenue | $32,177,304.00 | $26,343,260.00 | 22.1 |
| Online Poker | $2,659,730.00 | $2,924,846.00 | -9.1 |
| Total Revenue | $112,728,528.00 | $97,828,447.00 | 15.2 |
| Pennsylvania Online Gambling Revenue October 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $86,318,909.00 | $70,721,778.00 | 22.1 |
| Tables Revenue | $35,697,789.00 | $29,315,882.00 | 21.8 |
| Online Poker | $2,491,217.00 | $2,854,323.00 | -12.7 |
| Total Revenue | $124,507,915.00 | $102,891,983.00 | 21 |
| Pennsylvania Online Gambling Revenue November 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $86,619,197.00 | $63,481,648.00 | 36.4 |
| Tables Revenue | $39,479,531.00 | $27,652,931.00 | 42.8 |
| Online Poker | $2,540,506.00 | $2,754,681.00 | -7.8 |
| Total Revenue | $128,639,234.00 | $93,889,260.00 | 37 |
| Pennsylvania Online Gambling Revenue December 2022 | |||
|---|---|---|---|
| 2022 | 2021 | Change % | |
| Slots Revenue | $91,582,151.00 | $68,796,264.00 | 33.1 |
| Tables Revenue | $40,362,643.00 | $30,253,195.00 | 33.4 |
| Online Poker | $2,633,491.00 | $3,061,945.00 | -14 |
| Total Revenue | $134,578,285.00 | $102,111,404.00 | 31.8 |
| Pennsylvania Online Gambling Revenue January 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $90,201,543.00 | $71,836,045.00 | 25.6 |
| Tables Revenue | $40,020,821.00 | $33,084,504.00 | 21 |
| Online Poker | $2,896,997.00 | $3,390,093.00 | -14.5 |
| Total Revenue | $133,119,361.00 | $108,310,642.00 | 22.9 |
| Pennsylvania Online Gambling Revenue February 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $92,830,999.00 | $68,120,783.00 | 36.3 |
| Tables Revenue | $36,138,419.00 | $31,417,388.00 | 15 |
| Online Poker | $2,655,713.00 | $2,881,123.00 | -7.8 |
| Total Revenue | $131,625,131.00 | $102,419,294.00 | 28.5 |
| Pennsylvania Online Gambling Revenue March 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $104,827,884.00 | $79,196,510.00 | 32.4 |
| Tables Revenue | $40,471,434.00 | $35,681,701.00 | 13.4 |
| Online Poker | $2,889,710.00 | $3,240,197.00 | -10.8 |
| Total Revenue | $148,189,028.00 | $118,118,408.00 | 25.5 |
| Pennsylvania Online Gambling Revenue April 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $95,632,798.00 | $76,712,472.00 | 24.7 |
| Tables Revenue | $38,872,514.00 | $33,484,910.00 | 16.1 |
| Online Poker | $2,709,438.00 | $2,912,011.00 | -7 |
| Total Revenue | $137,214,750.00 | $113,109,393.00 | 21.3 |
| Pennsylvania Online Gambling Revenue May 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $100,590,742.00 | $78,211,521.00 | 28.6 |
| Tables Revenue | $37,878,178.00 | $32,282,751.00 | 17.3 |
| Online Poker | $2,502,131.00 | $2,811,666.00 | -11 |
| Total Revenue | $140,971,051.00 | $113,305,938.00 | 24.4 |
| Pennsylvania Online Gambling Revenue June 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $98,211,016.00 | $72,279,464.00 | 35.9 |
| Tables Revenue | $34,796,586.00 | $28,043,900.00 | 24.1 |
| Online Poker | $2,429,089.00 | $2,600,377.00 | -6.6 |
| Total Revenue | $135,436,691.00 | $102,923,741.00 | 31.6 |
| Pennsylvania Online Gambling Revenue Fiscal 2022/2023 | |||
|---|---|---|---|
| 2022/2023 | 2021/2022 | Change % | |
| Slots Revenue | $1,072,334,661.00 | $847,462,388.00 | 26.5 |
| Tables Revenue | $428,513,296.00 | $349,622,080.00 | 22.6 |
| Online Poker | $31,913,108.00 | $35,224,670.00 | -9.4 |
| Total Revenue | $1,532,761,065.00 | $1,232,309,138.00 | 24.4 |
| Pennsylvania Online Gambling Revenue July 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $94,854,351.00 | $71,909,442.00 | 31.9 |
| Tables Revenue | $35,365,772.00 | $23,896,183.00 | 48 |
| Online Poker | $2,639,873.00 | $2,765,124.00 | -4.5 |
| Total Revenue | $132,859,996.00 | $98,570,749.00 | 34.8 |
| Pennsylvania Online Gambling Revenue August 2023 | |||
|---|---|---|---|
| 2023 | 2022 | Change % | |
| Slots Revenue | $105,270,893.00 | $75,718,484.00 | 39 |
| Tables Revenue | $37,269,167.00 | $28,721,895.00 | 29.8 |
| Online Poker | $2,440,714.00 | $2,739,963.00 | -10.9 |
| Total Revenue | $144,980,774.00 | $107,180,342.00 | 35.3 |
Biggest Online Casino Revenue Contributors in Pennsylvania for 2022/2023 and 2023/2024
For the months that made up fiscal 2022/2023, several operators consistently generated the highest online casino revenue in Pennsylvania. One operator left the market during the year, but another secured a license to replace it. At the start of fiscal 2023/2024, additional major casino brands joined the Pennsylvania online gaming market, further boosting the state’s online and total gaming revenue.
In July 2022, the top brands generating the highest online gaming revenue were:
- Penn National with online casino revenue of $38.6 million
- The Rivers – Philadelphia, which generated iGaming revenue of $24.7 million
- Valley Forge with online casino revenue of $17.5 million
In August 2022, the online casino operators that contributed most to the overall iGaming revenue growth were:
- Penn National, reporting online casino revenue of $44.0 million
- The Rivers – Philadelphia, which recorded online gaming revenue of $26.8 million
- Valley Forge with online casino revenue of $17.7 million
In September 2022, the online casino operators that helped online gaming revenue increase the most were:
- Penn National, which recorded September online casino revenue of $48.6 million
- The Rivers – Philadelphia, which reported interactive gaming revenue of $26.2 million
- Valley Forge with online casino revenue of $19.6 million
In October 2023, the Pennsylvania online casino industry featured the same top operators, generating the highest iGaming revenue for the month:
- Penn National, which recorded online casino revenue of $52.7 million, accounting for 42.3% of the iGaming market revenue
- The Rivers – Philadelphia, which reported October interactive gaming revenue of $29.3 million
- Valley Forge with online casino revenue of $23.4 million for that month
Regarding November 2022 iGaming revenue, the three companies that contributed the most were again:
- Penn National, which recorded online casino revenue of $55.7 million, reflecting 43.3% of the iGaming market revenue
- The Rivers – Philadelphia, which reported online gaming revenue of $27.5 million
- Valley Forge with online casino revenue of $26.5 million for November 2022
December 2022 featured the same top three operators, contributing most to Pennsylvania’s iGaming revenue at the end of the calendar year:
- Penn National remained the company with the biggest market share, accounting for 44.6% of the online casino revenue for December 2022
- The Rivers – Philadelphia was the second-best in revenue accumulation in December, bringing the Keystone State iGaming revenue of $28.5 million
- Valley Forge was the third top contributor to the state’s interactive gaming revenue, generating $26.9 million
For the first time since the beginning of the fiscal 2022/2023 year, in January 2023, there was a different distribution of revenue among the three top online casino operators: Valley Forge moved into second place, while The Rivers – Philadelphia became the third-largest revenue generator that month:
- Penn National generated online casino revenue of $55.1 million, which represented 41.4% of the online casino revenue for January 2023
- Valley Forge brought the Keystone State online casino revenue of $29.7 million for that month
- The Rivers-Philadelphia was just a little behind Valley Forge with interactive gaming revenue of $28.5 million
February 2023 was a great month for Pennsylvania’s iGaming industry, with the three online casinos that brought the state the highest revenue being:
- Penn National with online casino revenue of $56.5 million, which represented 42.9% of the online casino revenue for February 2023
- Valley Forge, which brought the Keystone State online casino revenue of $27.5 million for February 2023
- The Rivers-Philadelphia with interactive gaming revenue of $26.3 million
After Presque Isle left Pennsylvania’s online gaming sector, by March 2023 the Keystone State was relying on only nine operators for its iGaming revenue. The top three contributors during that month were again:
- Penn National with interactive gaming revenue of $62.3 million, which represented 42.0% of the online casino revenue for that month
- Valley Forge, which generated online casino revenue of $31.8 million for March 2023
- The Rivers-Philadelphia with interactive gaming revenue of $30.5 million
The monthly online gaming revenue of Pennsylvania increased again in April 2023, with the three operators that contributed the most being:
- Penn National with online gaming revenue of $58.5 million, which was about 42.6% of the whole online casino revenue for that month
- Valley Forge, which generated iGaming revenue of $31.2 million in April 2023
- The Rivers-Philadelphia with online gaming gross revenue of $26.1 million
May 2023 was another month of revenue expansion, with the Keystone State enjoying year-over-year growth. The three gaming operators that contributed the most were:
- Penn National with reported online gaming revenue of $58.4 million for May 2023
- Valley Forge, which generated online gaming revenue of $29.5 million for that month
- The Rivers – Philadelphia with interactive gaming revenue of $29.4 million for May 2023
June 2023 was the last month of fiscal 2022/2023 and featured the usual top performers contributing to iGaming revenue in Pennsylvania. In addition, the online casino sector expanded, with Bally’s Pennsylvania entering the market:
- Penn National was again the company with the biggest online gaming revenue of $57.8 million, accounting for 42.7% of the total online gaming revenue for June 2023
- Valley Forge was the second-biggest revenue contributor with online gaming wins of $28.1 million
- The Rivers – Philadelphia brought the Keystone State online gaming revenue of $27.0 million
For fiscal 2022/2023, three online gaming operators consistently generated the highest revenues each month:
- Penn National with total gross online gaming revenue of $648.2 million
- The Rivers – Philadelphia with total interactive gaming revenue of $330.9 million
- Valley Forge, which accumulated total online gaming revenue of $309.3 million
At the moment of writing this article, the Pennsylvania Gaming Control Board has released official revenue reports for fiscal 2023/2024 through August 2023, but experts believe the Keystone State will continue to experience even greater growth in iGaming revenue in the coming months.
In July 2023, the Keystone State’s iGaming market recorded another month of growth, with the three leading operators contributing the most:
- Penn National with the biggest online gaming revenue of $54.4 million, accounting for 40.9% of the total online gaming revenue for July 2023
- Valley Forge, which reported July online gaming revenue of $29.2 million
- The Rivers – Philadelphia brought the Keystone State online gaming revenue of $26.8 million
August 2023 saw another online casino operator enter Pennsylvania’s interactive gaming market, with Golden Nugget recording its first revenue report in the Keystone State. Meanwhile, the three largest contributors to total iGaming revenue remained:
- Penn National with August 2023 online gaming revenue of $60.3 million, accounting for 41.6% of the state’s full online casino revenue
- Valley Forge, which reported online gaming revenue of $32.4 million for that month
- The Rivers – Philadelphia with interactive gaming revenue of $28.1 million generated in the second month of fiscal 2023/2024
Michigan Online Casino Revenue in 2023
Michigan is one of the most successful states in the legalized online casino industry, having generated more than $1 billion in tax revenue since its launch. With the exception of February, the 15 licensed online casinos in the Great Lakes State generated over $150 million in each of the first eight months of 2023. The Michigan Gaming Control Board releases monthly revenue reports on online gaming figures generated by licensed casino operators. Even though tribal casinos do not report revenue to the regulator, their online partners do.
Michigan’s online casinos started 2023 strongly, recording total internet gaming revenue of $121.2 million for January 2023. This figure represented a 0.6% month-on-month increase and a 26.8% rise compared with January 2022.
| Michigan Online Casinos Gross Revenue January 2023 | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $153,694,392.92 | $121,243,501.22 | 26.8 | $152,772,723.24 | 0.6 |
| Michigan Online Casinos Gross Revenue February 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $148,168,863.00 | $122,775,924.47 | 20.7 | $153,694,392.92 | -3.6 | $301,863,255.92 |
| Michigan Online Casinos Gross Revenue March 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $171,830,721.39 | $131,673,653.36 | 30.5 | $148,168,863.00 | 16 | $473,693,977.31 |
| Michigan Online Casinos Gross Revenue April 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $159,360,428.94 | $132,438,011.86 | 20.3 | $171,830,721.39 | -7.3 | $633,054,406.25 |
| Michigan Online Casinos Gross Revenue May 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $150,559,370.03 | $127,385,503.48 | 18.2 | $159,360,428.94 | -5.5 | $783,613,776.28 |
| Michigan Online Casinos Gross Revenue July 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $153,585,511.29 | $126,614,517.40 | 21.3 | $151,006,935.69 | 1.7 | $1,088,206,223.26 |
| Michigan Online Casinos Gross Revenue August 2023 | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % | Year-to-Date Revenue |
| $152,244,046.27 | $130,924,193.50 | 16.3 | $153,585,511.29 | -0.9 | $1,240,450,269.53 |
Biggest Contributors to Michigan’s Online Casino Revenue in 2023
Michigan’s 23 tribal and three commercial casinos are authorized to apply for online casino licenses and offer interactive slots, table games, and other forms of online casino entertainment to residents of the Great Lakes State. The brands that usually contribute the most to the state’s iGaming revenue are BetMGM, FanDuel, and DraftKings. BetMGM operates under a license issued to MGM Grand Detroit, while FanDuel and DraftKings have partnered with MotorCity Casino and Bay Mills Resort & Casinos respectively.
In January 2023, the three operators that contributed the most to the Great Lakes State’s online gaming revenue were:
- MGM Grand Detroit, which accumulated $52.8 million through BetMGM Detroit’s operations
- MotorCity Casino with iGaming revenue of $29.0 million thanks to FanDuel Michigan
- Bay Mills Indian Community, which reported online gaming revenue of $26.2 million with help from DraftKings
In February 2023, Michigan’s online casinos failed to exceed the $150 million mark but still managed to record year-over-year growth. The three operators that helped the state achieve this growth were:
- MGM Grand Detroit, with online gaming revenue of $48.4 million generated by BetMGM Detroit
- MotorCity Casino with interactive gaming revenue of $29.5 million thanks to FanDuel Michigan
- Bay Mills Indian Community, which reported online casino revenue of $26.9 million
The top three revenue generators remained the same in March 2023:
- MGM Grand Detroit reported March online casino revenue of $56.2 million
- MotorCity Casino contributed $34.2 million
- Bay Mills Indian Community generated $31.6 million through DraftKings
In April, Michigan’s online casinos produced $159.4 million in revenue, a 20.3% increase compared with April 2022. The leading contributors were:
- MGM Grand Detroit with online casino revenue of $51.2 million
- MotorCity Casino with online gaming revenue of $31.3 million
- Bay Mills Indian Community with online casino revenue of $28.1 million
In May 2023, the main contributors were again BetMGM, FanDuel, and DraftKings, with BetMGM accounting for about 31.5% of total market revenue.
- MGM Grand Detroit reported May online gaming revenue of $47.4 million
- MotorCity Casino generated about $30.0 million
- Bay Mills Indian Community recorded online casino revenue of $27.0 million
In June, operators marked yet another strong month with revenue above $150 million. The three top contributors were:
- MGM Grand Detroit with June online gaming revenue of $49.2 million
- MotorCity Casino with $29.1 million
- Bay Mills Indian Community with $27.2 million
July 2023 continued the trend, with $153.6 million in online casino revenue. The key contributors were:
- MGM Grand Detroit with $49.0 million, accounting for 31.9% of statewide revenue
- MotorCity Casino with $30.3 million
- Bay Mills Indian Community with $28.7 million
August 2023 revenue helped Michigan become the fastest state to exceed $1 billion in lifetime tax revenue. The main contributors were again BetMGM, FanDuel, and DraftKings:
- MGM Grand Detroit reported interactive casino revenue of $44.0 million, representing 28.9% of August iGaming revenue
- MotorCity Casino generated $33.2 million
- Bay Mills Indian Community reported $28.2 million via DraftKings
West Virginia Online Casino Revenue in 2023
Legal online casino gambling launched in West Virginia in 2020, with DraftKings becoming the first operator in the Mountain State. It was followed by BetMGM, BetRivers, FanDuel, and Caesars Casino. The state’s online gambling regulator is the West Virginia Lottery, which provides regularly updated reports on the state’s online casino revenue.
In 2023, the Mountain State’s online casinos recorded the five highest monthly revenue totals in West Virginia history:
- June: $16.4 million
- July: $14.4 million
- March: $14.3 million
- February: $13.1 million
- April: $13 million
The first month of 2023 showed an uptick in every gambling vertical, with online gaming driving growth in January. Revenue reports revealed total interactive gaming revenue of $10.9 million, a 5.8% month-on-month increase over December’s $10.3 million and more than 60% higher than January 2022.
| Online Casino Revenue in January 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $10.90 | $6.80 | 60.3 | $10.30 | 5.8 |
| Online Casino Revenue in February 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $12.40 | $8.00 | 55 | $10.90 | 13.8 |
| Online Casino Revenue in March 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $12.60 | $8.30 | 51.8 | $12.40 | 1.6 |
| Online Casino Revenue in April 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $12.10 | $8.00 | 51.3 | $12.60 | -4 |
The fiscal 2022/2023 figures showed dramatic improvement. Total revenue reached $139 million, a 61.3% increase over the $86.2 million posted in fiscal 2021/2022. Taxes rose to $20.8 million from $12.9 million, and net profit grew from $11 million to $17.7 million.
The new fiscal year began with online casinos struggling to match March’s $14.3 million peak. July 2023 revenue fell to $11.4 million, a dip from June’s $12.0 million but still up year over year.
August 2023 revenue totaled $11.6 million, a 1.8% increase on July but well below March’s high.
| Online Casino Revenue in August 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Change % | Previous Month | Month-on-Month Change % |
| $11.60 | $10.30 | 12.6 | $11.40 | 1.8 |
Online Casino Operators Contribution to West Virginia’s Online Gaming Revenue for Fiscal 2022/2023
By August 2023, West Virginia’s online casino sector had expanded to nine operators. While WynnBet ceased operations in July, Betly relaunched in August as the new ninth online casino. The brand partnered with Mardi Gras and generated $349,897 during its launch month. As for the operators that usually post the highest revenue, The Greenbrier typically leads thanks to partners such as FanDuel, BetMGM, and Golden Nugget:
In January, The Greenbrier enjoyed combined revenue of $15.03 million via BetMGM Sportsbook WV and FanDuel Casino WV. Hollywood Charles Town came second, generating $3.9 million through DraftKings Casino WV and PointsBet Casino WV. Mountaineer produced $1.3 million via BetRivers WV and Caesars Casino WV.
In February 2023, the top revenue contributor remained The Greenbrier, which reported $6.4 million generated through BetMGM Sportsbook WV and FanDuel Casino WV. Hollywood Charles Town ranked second with about $4.5 million, while Mountaineer earned nearly $1.5 million.
The Greenbrier and Hollywood Charles Town remained close competitors. Hollywood Charles Town led in April thanks to DraftKings Casino WV and PointsBet Casino WV, posting $5.2 million. The Greenbrier followed with $5.1 million, and Mountaineer generated $1.7 million.
At the end of June, WynnBet entered West Virginia’s iGaming sector through Mardi Gras Casino. During the first eight days of July, WynnBet posted $2.4 million wagered, $133,292 in revenue, and $19,993 in taxes, putting the brand in close competition with BetRivers and Caesars.
For the first half of July, Hollywood Charles Town generated $371,867 in revenue, while The Greenbrier posted $660,264. WynnBet earned $294,951 during the same period.
Surprisingly, only one month after launch, WynnBet announced plans to cease operations in West Virginia. Meanwhile, Betly relaunched in August, bringing a new online casino and sportsbook app to the state.
In August, The Greenbrier remained the top revenue generator, with FanDuel WV Casino, BetMGM WV Casino, and Golden Nugget WV Casino bringing in $5.1 million. Hollywood Charles Town was second with $4.4 million, while Caesars Palace WV Casino and BetRivers WV Casino helped Mountaineer record $1.8 million. Mardi Gras, via Betly WV Casino, posted $349,897.
Online Casino Revenue in Connecticut 2023
After legalizing online casino gaming, Connecticut licensed two operators, giving residents the choice between Mohegan Sun Casino (via Mohegan and FanDuel) and DraftKings (via Foxwoods). Despite having only two options, Connecticut recorded a 57% annual growth rate in May 2023, making it the fastest-growing iGaming market at that time.
Launched at the end of 2021, Connecticut’s online gaming industry reached record highs by the end of 2022. The state’s revenue share from interactive casino operations in December 2022 amounted to $4.089 million, up 4.1% from November’s $3.927 million.
In January 2023, the Nutmeg State’s two online casinos generated combined gaming revenue of more than $30 million, nearly a 60% year-over-year increase. Compared with the $22.8 million reported in December 2022, January showed a 32.3% month-on-month rise.
| Online Gambling Revenue January 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $30.00 | $18.80 | 60.00% | $22.68 | 32.28% |
| Online Gambling Revenue February 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $29.00 | $17.10 | 70.00% | $30.00 | -3.00% |
| Online Gambling Revenue March 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $34.60 | $18.30 | 89.00% | $29.10 | 18.90% |
| Online Gambling Revenue April 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $31.80 | $18.50 | 71.90% | $34.60 | -8.10% |
| Online Gambling Revenue May 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $32.80 | $16.60 | 97.60% | $31.80 | 3.10% |
| Online Gambling Revenue June 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $25.40 | $16.30 | 55.80% | $32.80 | -22.60% |
| Online Gambling Revenue July 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $22.60 | $16.70 | 35.30% | $25.40 | -11.00% |
| Online Gambling Revenue August 2023 (in millions) | ||||
|---|---|---|---|---|
| 2023 | 2022 | Year-Over-Year Change % | Previous Month | Month-on-Month Change % |
| $25.00 | $17.70 | 41.20% | $22.60 | 10.60% |
Online Casino Market Share in Connecticut Based on Revenue Generated in 2023
While a few smaller tribal online casinos operate in Connecticut, their combined 2023 revenue is negligible, so only FanDuel (Mohegan) and DraftKings are considered when discussing market share.
DraftKings’ promotional spending in January fell to $3.5 million from $22.2 million in December 2022. This cut DraftKings’ market share from 59.0% to 56.4%, reflecting a 1.9% monthly revenue increase, while Mohegan enjoyed a 13.2% rise.
Despite reduced promotions, DraftKings’ market share rose to 57.6% in February.
After ending its promotional spree, DraftKings saw daily average revenue rise by only 2.5%, and its market share slipped to 55%, the lowest since launch. Mohegan enjoyed a 13.9% monthly revenue jump.
In April 2023, DraftKings rebounded to a 57.3% market share despite reduced promotional spending.
In May 2023, DraftKings maintained its lead, reporting $14.9 million in revenue and a 56% market share.
In June 2023, DraftKings held 53% of the market with $14.9 million in revenue, while Mohegan drew closer at 46% with $11.8 million.
July 2023 maintained a similar split: DraftKings posted $12.3 million and a 55% share, while Mohegan recorded $10.1 million for 45%.
In August 2023, shares remained steady. DraftKings reported $14.8 million (55%), and FanDuel posted $11.1 million (45%).
How Legalizing Online Casino Gaming Changed the Gaming Scene in the US
Several states legalized online casino gaming before 2018, but many more joined after PASPA was revoked that year. One clear result of broader legalization is increased revenue for state gaming sectors and the overall US industry.
When the global pandemic forced land-based casinos to close, the online casino sector helped sustain gambling handle and overall gross gaming revenue.
Online casinos continually improve their game libraries, with major developers supplying slots, table games, online poker, and live-dealer titles that match the offerings of leading land-based venues.
By adding generous promotions and loyalty programs, virtual casinos attract even more players.
With online casinos creating jobs and generating sizable tax revenue, the iGaming sector is projected to keep growing in the years ahead. Many states are expected to reach or surpass pre-pandemic revenue levels, with online casinos playing a major role in that growth.