Our US iGaming roundup reveals record-breaking online casino and poker revenues for the US states of Pennsylvania and Michigan! (Image from PublicDomainPictures at Pixabay.com)
The iGaming markets in the US continue to blossom, as we can report that two states have yet again posted record-breaking monthly revenues. Both Pennsylvania and Michigan have posted their revenues for the month of March, and the results will certainly perk up those in charge of the coffers of either state.
Both states have enjoyed consistent growth in recent months, but with the March Madness basketball event which is notorious for attracting sports betters, revenues have gone on to break all previous monthly results since either state has offered online gambling platforms. While results are yet to come in from other states where online casino gambling is legal in the US, it stands to logic that most others will enjoy similar results for the month of March.
Below, we go into more detail regarding the revenues brought in by both the Keystone State and the Wolverine State.
Online Casinos, Poker & Sports Betting Contribute to Record Revenues for Pennsylvania in March 2022!
Beating the previous record revenues of $432.4 million in November 2021, the Pennsylvania gambling industry has just brought in record-breaking revenue of $462.7 million for the month of March. All forms of gambling within the Keystone State, such as land-based and online casino gaming, sports betting, and fantasy football, contributed to this revenue.
Online casino gaming accounted for a quarter of that revenue with gross revenues of $118.1 million brought in via online operators partnered with the state’s land-based casinos. Much of this has come from leading live casino games delivered by the likes of Playtech and Evolution, two brands that have consistently reaped the rewards of the Pennsylvania iGaming market.
The best performer in this category was Hollywood Casino, which is partnered with online operators such as Barstool, BetMGM, and DraftKings. Between them, those online platforms brought in a revenue of $45 million in March. Of that revenue, $28 million came from video slots, $16.2 million was brought in by table games, and online poker accounted for the final $285,039.
Land-based slots were responsible for the most revenue within the state of Pennsylvania. Customers have access to over 26,000 slot machines, a total that is up from over 19,000 this time last year. Those machines brought in a combined $214.7 million. Land-based table games and retail sports betting were the other forms of gambling that contributed towards this record-breaking month in the Keystone state.
Online Casino & Poker Revenues of Over $130 Million Ensure a Record-Breaking Month for Michigan Too!
Pennsylvania was not the only US state to break revenue records in March, as Michigan’s online casinos and poker rooms eclipsed the $130 million mark for the first time. The third time out of the last four months that records have been broken, the two iGaming verticals brought in a combined $131.7 million in revenue. To put that into context, the previous high was just $122.8 million. Those revenues generated $33.1 million in taxes for the Wolverine State. That brings total taxes generated because of iGaming to $368.9 million since it became legal in 2021.
Online sportsbooks in Michigan also enjoyed a good month after bringing in $30.5 million in revenue from $451.6 million in bets. That is an increase of 35.4% over February, but the March Madness basketball tournament is the big reason for this. Still, ever since the state brought in $42.7 million in its first 10 days once online casino gambling was legalised, it has been clear that this is an industry that will continue to grow.