Online gaming continues to boom among legal jurisdictions and that continued in July. Pennsylvania and New Jersey reported continued iGaming growth compared to July 2022.
Both states saw double-digit growth rates including a huge 35.2% in Pennsylvania. In Michigan, the state also saw a nice increase from June overall. Here’s a quick analysis of all the numbers.
Pennsylvania
Total gaming revenue continued to rise in July in the Keystone State, despite cooling a bit from June’s 13% annual growth rate. The Pennsylvania Gaming Control Board (PGCB) reported combined total revenue from all forms of gaming reached $467 million for July, an increase of 8.9% compared to July 2022.
Hollywood Casino at Penn National Race Course was the biggest earner of the month, reporting revenue of $70.1 million, a 25.6% increase from the $55.8 million for the same month in 2022.
Parx Casino checked in at second with $56.1 million, a drop of 0.5% from 2022. Valley Forge Casino finished third with $54.6 million, but had the largest annual growth rate of 32.1% from July 2022 revenue of $41.4 million.
When it comes to PA online casinos (excluding online sports betting), the state saw gross revenue of $132.9 million in July. That’s a hefty increase of 35% compared to $98.6 million in July 2022. Here’s how those online numbers look based on gaming type:
- Slots – $94.9 million
- Table games – $35.4 million
- Poker – $2.6 million
Tax revenue generated from iGaming during this period was $57.3 million. For sports betting, the state’s operators reported a total handle of $338.5 million, an increase of 0.6% from July 2022. Retail sports wagering revenue was $3 million with online betting at $29.1 million.
That equated to total taxable revenue of $32.1 million, a 25.1% increase from July 2022. The numbers continue showing a robust online gaming and overall casino market for the state.
New Jersey
The Garden State was a bit of a mixed bag in July, with live casino revenue showing a decline while online gaming revenue was on the rise, according to reports from the Division of Gaming Enforcement.
Revenue from the nine casino hotel properties was $290 million for July, a 3% decrease from the $299 million reported in July 2022. Year-to-date revenue for the live casino properties is $1.7 billion, up 2.3% from the $1.6 billion for the same months last year.
In the NJ online gaming front (not including sports), revenue reached $155.2 million, reflecting growth of 13.5% compared to $136.7 million for the same month last year. Year to date, revenue stood at $1.1 billion, an increase of 14.2% from $951.2 million for the same period in 2022.
Overall sports wagering, including retail and online, reported big numbers for the month. Gross revenue in all forms totaled $61 million, a 35.6% increase compared to $45 million in July 2022. Year to date, gross revenue equalled $501.8 million. That’s a 41.9% increase from the $353.7 million for the same period last year.
When it comes to all forms of gaming revenue, that combined total reached $506.2 million for July. That figure reflects a 5.3% increase from $480.7 million in July 2022. Year-to-date total gaming revenue was $3.2 billion, showing an 11% increase from $2.9 billion last July.
Michigan
Commercial and tribal operators reported a combined $176.1 million in total iGaming and online sports betting revenue for July. This was an increase of 4% from June, according to the Michigan Gaming Control Board.
July iGaming revenue totaled $153.6 million, with sports betting reaching $22.5 million. Those numbers totaled $151 million for iGaming and $18.3 million for sports betting in June.
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) was $154.6 million for July. Of that, $138.2 million came from iGaming and $16.4 million from online sports betting. This showed a 1% increase from June for iGaming and 77.5% increase for sports betting. Compared to July 2022, iGaming AGR was up by 18% and sports betting was up 16.8%.
Total online sports betting handle equated to $200.8 million, down by 11.9% from $227.9 million in June. Online operators produced $29.8 million in taxes and payments to the state in July including:
- Taxes and fees – $28.7 million
- Sports betting taxes and fees – $1.1 million
The three Detroit casinos reported paying the city of Detroit $7.6 million in wagering taxes and fees during July. A total of 15 operators offered online gaming and sports betting.
