iGaming Revenues

‘March 2021 US iGaming Revenues Flying High in DE & NJ!!’ (Photo by Annie Spratt on Unsplash)

In the US it seems online gambling is now as contagious as COVID-19 as punters keep on rolling into online casinos and sports betting sites beefing up revenues across all states!

Yesterday we covered the rise of Pennsylvania as its 2021 first-quarter results surpassed the $1 billion mark, while New Jersey and Delaware also released positive upturns in their respective iGaming markets, creating an overall upswing in US gambling revenues!

Delaware continues to break records in the iGaming sphere, while New Jersey is expected to make a full recovery after a year of downtrodden financial results in the casino industry. By far the largest casino revenue earner for the Garden State is its land-based casino and sports betting verticals – especially in Atlantic City, which over the past year became somewhat of a ghost town after suffering from low tourism numbers and casino closures during the pandemic while its iGaming and online sports betting arms have propped up the state’s gaming industry with strong growth!

New Jersey

The Garden State is well on its way to surpassing the $1 billion mark and possibly heading towards touching on the $2 billion zone with its impressive start to the year. In March 2021, figures for the army of online casinos took in a massive $114 million up from February’s disappointing $94 million and January’s $104 million—with January 2021 holding the previous monthly revenue record.

  • Online Casinos: The majority of March’s financials came via online casino revenue (table games and video slots) which drew in a total of $111 million!
  • Online Poker: The Borgata, Resorts, and Caesars poker players contributed $2.7 million to New Jersey’s March 2021 revenue!

Delaware Finishes with a Year on Year 74.3% Increase in March 2021

The state with the smallest population and a legal framework for online casinos is Delaware. It was also one of the pioneering regions in the US legalising iGaming just one year after the notorious Black Friday shutdown that all but removed online gambling from the country. Since 2012 Delaware has allowed online casinos to offer state citizens online video slots and table games while there is still no online sports betting while land-based sports wagers are available and recorded a $967k revenue increasing 27.1% from the same month in the previous year!

Currently, Delaware has 3 licensed online operators, and for March 2021 the Delaware Lottery reported that the trio saw punters stake a record-breaking $30.7 million leading to a purported $898k revenue haul up 74.3% compared to March 2020. Revenue figures for March versus February’s $751k also show an increase which was 19.5%!

Of $30.7 million in bets, Delaware Park recorded $15 million while $9.3 million and 6.5 million came via Dover Downs and Harrington, respectively.

  • Table Games: $12.5 million found its way through Delaware online casinos’ table games, which made up for $180k of the state’s revenue!
  • Video Slots: $18.2m million came via video slots creating $681k in revenue!
  • Online Poker: Via tournament buy-ins and rakes from cash games, online poker recorded a total of $37k in revenue!

Online slots are by far the most popular casino game in Delaware while table games also bring in a large revenue with online poker often quite sporadic!

 

 

 

 

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