Online gaming numbers increase in January

The country’s leading online gambling states recently released January revenue figures, bringing with them some encouraging growth for the industry.

Online poker sales rose slightly in Pennsylvania compared to December, while they fell in New Jersey. Michigan’s online casino games, including poker, also set a new monthly record. Here’s a look at the January reports.

Pennsylvania

The Pennsylvania Gaming Control Board reported that total revenue from all forms of gambling was $477.2 million in January, an increase of 2.7% from January 2023.

Online gaming generated $149.6 million, up 12.4% from $133.1 million last year, and includes $110 million from slots, $36.9 million from table games and $2.7 million from online poker.

Poker revenue increased by about $300,000 from $2.4 million in December, a 12.5% ​​increase. In sports betting, total betting revenue was $858.2 million in January, up 11.1% from $772.3 million in January 2023, with $66 million coming from online betting.

New Jersey

The New Jersey Division of Gaming Enforcement reported a contrast between live casino and online results. Live casinos generated revenue of $205 million, a 3.1% decrease from $211.7 million in January 2023. Much of this was due to a decline in slot revenue to $143 million , which represents a decrease of 5.8% compared to 2023. Table games brought in $62.1 million, up 3.7% from 2023.

Online gaming was a completely different story. January brought iGaming revenue of $183.3 million, compared to $152.9 million last year. Sports betting also saw a significant uptick, with gross revenue reaching $170.8 million – a 136.1% increase compared to $72.3 million last year. Online poker saw an 8.2% decline from $2.7 million in January 2023 to $2.5 million last month.

The Garden State’s total gaming revenue reached $559.1 million in January, a 28% increase from $436.9 million in January 2023.

Michigan

The Michigan Gaming Control Board also recently reported online gaming numbers, with total gross revenue for online gaming and sports betting of $229.6 million in January. That number fell 5.4% from December.

A decline in sports betting led to the downward trend, while online casinos posted revenue of $181.9 million, surpassing the state’s previous record of $181.4 million set in December. Online poker numbers are not independently reported in Michigan, but these online casino numbers at least provide some insight into how the industry is performing.

Sports betting was a different story: gross sports betting revenue was $47.7 million, down from $61.1 million in December. Combined iGaming and online sports betting adjusted gross revenue in January (EGR) was $183 million, including $164.2 million from casino and $18.8 million from sports.

iGaming EGR increased 0.5% compared to December and sports betting decreased 46.5%. However, online gaming EGR increased by 18.7% compared to January 2023 and sports betting increased by 5.4% compared to the same month. Total online sports betting revenue reached $577.4 million, down 1% from $583 million in December.

Source link