The iGaming industry in Michigan, New Jersey, and Pennsylvania is consistently setting new revenue records.
Michigan surpasses expectations.
In March, online casinos and sports betting in Michigan generated a revenue of $127.4 million.
In March, the Wolverine state witnessed a significant surge in revenue from online casinos, showcasing a remarkable increase of 19.3% when compared to February’s figures. Impressively, this substantial growth contributed to the majority of the overall revenue in March, amounting to a staggering $95.1 million.
In a statement, Richard S. Kalm, the executive director of the Michigan Gaming Control Board, emphasized that the tax revenue generated would lead to increased funding for the City of Detroit, K-12 education, economic development, and tribal communities.
Michigan is projected to generate a revenue of $760 million this year, putting the state on par with iGaming powerhouses like Pennsylvania and New Jersey.
New Jersey is the state being referred to.
The Division of Gaming Enforcement in New Jersey reported a staggering 119.8% increase in gambling revenue compared to the previous year, highlighting a significant surge in March.
In the month, the overall revenue amounted to $359.3 million, out of which online casinos contributed a total of $113.7 million.
Borgata Online emerged as the highest-earning casino, raking in a whopping $36.2 million in revenue. Golden Nugget closely followed with $31.8 million, while Resorts Digital secured a respectable $21.4 million.
The revenue generated from online slots saw a significant increase of 132.8%, amounting to $134.3 million. Similarly, table game revenue also experienced a notable surge, rising by 82.0% to reach $50.6 million.
Pennsylvania
The Pennsylvania Gaming Control Board announced that PA experienced a remarkable 162.7% surge in revenue in March, showing their determination to stay ahead.
The total revenue generated by online casinos amounted to $97.7 million, with online slots contributing $66.4 million.
The revenue generated from online table games amounted to $28.9 million, which was derived from $1.51 billion in wagers. Additionally, poker revenue accounted for $2.4 million.
All products experienced year-on-year growth, as reported by the PGCB.
