New Jersey Online Casinos and Michigan Online Casinos are Neck and Neck in Revenue Battle in April 2022

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New Jersey 101.5

New Jersey Online Gambling Sector Takes the Lead

This content was produced in partnership with Bazoom Group. In April, the online gambling sector in the state of New Jersey showcased its resilience and growth, with total gambling revenue surging by 10.4% year-on-year to $510.9 million. This impressive increase was driven by robust performance in both the online gaming (iGaming) and sports betting…

Industry ・ 12 July 2024

SBC Americas

New Jersey to overhaul online gaming revenue reporting

New Jersey is revamping the way it reports gaming revenue in the state and will begin breaking down the numbers by individual operator, the Division of Gaming Enforcement (DGE) says. Starting with the state's March revenue report which will be published in mid-April, the Garden State will provide more transparent insight into how specific operators…

Industry ・ 04 April 2024

WKAR

Michigan leads nation in online gambling

Michiganders are leading the country in online gambling as the state saw a record $1.92 billion in revenue in 2023. The American Gaming Association released a report last week on the amount of revenue garnered from online and in-person gambling across the country. Total revenue reached a record $66.52 billion last year from land-based casino games,…

Finance ・ 29 February 2024

The Northwest Arkansas Democrat Gazette

U.S. casinos’ $66B year a record

ATLANTIC CITY, N.J. -- America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from…

Finance ・ 21 February 2024

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WTAE

Casinos won over $66 billion in 2023, their best year ever

America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday.The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year.When revenue figures from tribal-owned casinos are released…

Finance ・ 21 February 2024

FOX 10 News

US casinos win big in 2023

Despite fears of inflation, gamblers put their money where their mouths were in 2023, bringing record profits to gambling houses. ATLANTIC CITY, N.J. - America's commercial casinos won $66.5 billion from gamblers in 2023, the industry's best year ever, according to figures released by its national trade association Tuesday. The American Gaming…

Finance ・ 21 February 2024

KPVI

Online casinos and poker could be a windfall waiting in the wings

In West Virginia, one of eight states that allow both online sports betting and internet gambling (including poker), Shawn Fluharty, a member of the West Virginia House of Delegates, told the Associated Press that online gambling rakes in three times more than sports betting. The potential windfall of broader online casino and poker adoption is…

Poker ・ 21 October 2023

World Casino News

NJ online casino market inches closer to 10-year milestone

Since full internet gaming operations commenced on November 25, 2013, online casino spend in New Jersey continues to rise, so much so that it has now surpassed land-based revenue, with lifetime revenue, April's numbers included, surpassing the $6.1 billion mark, and $1 billion-plus in taxes. With no slowdown in sight, the market is poised to…

Industry ・ 07 June 2023

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Urban Matter

Why Michigan's Online Casino Market Could be a Perfect Case Study for Illinois

Sports betting is legal in both Michigan and Illinois. Online casinos are legal in Michigan but not in the land of Lincoln. Interestingly, Illinois has recorded a much higher betting handle ($14.17B) than the Great Lake States ($6.8B) since sports betting became legal in 2018. Michigan hit a $1 billion revenue in its first full year of legalizing…

Law ・ 06 January 2023

olbg.com

New Casino Games for Michigan Online Casinos as 4ThePlayer Receives License

On October 4, the game distributor 4ThePlayer.com, located in London, took a big step toward their aggressive plan to expand into the US by being granted a provisional license in the US state of Michigan. 4ThePlayer now holds two US licenses as it was granted a transactional waiver earlier in August in the state of New Jersey. Today, 4ThePlayer.com…

Games ・ 02 July 2024

Urban Matter

Online Casinos Services In The US Industry: Trends In 2022

While the casino industry has existed for an infinity now, the gambling industry in the United States has experienced significant growth over the years. Technological advancement has contributed immensely and substantially to the development of gambling in the United States. That said, the online casino services industry in the US has faced a…

Industry ・ 14 September 2022

Yogonet

US gaming industry posts second best-ever month in April at almost $5B despite macroeconomic headwinds

The commercial US gaming industry saw its best month of April ever and the second highest-grossing month of all time in April 2022, according to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker. The month was only behind March 2022 for best-ever, meaning momentum in US gaming is still ongoing. During the month, the industry…

Industry ・ 10 June 2022

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Review Journal

Nevada gaming wins big in March, US casinos see best month ever

ATLANTIC CITY - Inflation may be soaring, supply chains remain snarled and the coronavirus just won't go away, but America's casinos are humming right along, recording the best month in their history in March. The American Gaming Association, the gambling industry's national trade group, said Wednesday that U.S. commercial casinos won more than…

Valentine's Day ・ 13 May 2022

Golden Casino News

Ontario Online Casino Scene Expected To Be Bigger Than Sportsbook

Online casino "will be a far bigger winner for Ontario" than its sports betting counterpart when the market launches on April 4, state analysts for PlayCanada. According to performance figures from across the United States, igaming generated 153 percent more in operator revenue and 339 percent more in tax revenue than sports wagering did in the…

Sports ・ 04 April 2022

WFMZ News

PlayCanada: Online Casino Revenue Will Dwarf Online Sportsbooks

An analysis of U.S. markets shows that online casinos will be a far bigger winner for Ontario after April 4 launch, /PRNewswire/ -- Online casino betting drove 153% more operator revenue and 339% more in tax revenue than sports betting last year in U.S. markets where both are legal, according to a recent analysis by PlayCanada.com, which tracks the…

Sports ・ 31 March 2022

Market Screener

New Jersey vs Michigan: Who Generated More Revenue from Online Casinos in 2021

ATLANTIC CITY, N.J., Jan. 25, 2022 /PRNewswire/ -- According to revenue numbers released by the New Jersey Division of Gaming Enforcement and the Michigan Gaming Control Board, online casinos in NJ generated $1.337 billion in revenue versus $1.003 billion in revenue for Michigan online casinos during the 2021 calendar year. While New Jersey came…

Finance ・ 25 January 2022

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Online Poker Report

BetMGM: 'Winds Are Turning' For Casinos' Stance On Online Gambling

The CEO of BetMGM, the US market leader in online casino gambling, said today that the "winds are turning" in favor of iGaming growth for two reasons. First, its historical foes - established land-based casinos - have become its allies and partners. Those business owners are now coming to realize that online casino games don't cannibalize…

Poker ・ 20 January 2022

Vegas Slots Online

MGM Resorts CEO Wants Legal Online Casinos in Nevada

MGM Resorts CEO Bill Hornbuckle is in favor of Nevada legalizing online casinos. He made these comments on Sunday during a panel discussion at IndyFest, explaining that the gaming industry in the state is currently "missing a significant opportunity for growth." He added that many of the owners of land-based casinos in the state are against this…

Travel ・ 05 October 2021

Online Poker Report

MI Online Casinos Show Their Stability And Synergy In June

Michigan continued to rake in an impressive sum from both its retail and online casinos in June. So it appears as though Michigan is shaping up to be another state which refutes the idea that online gambling cannibalizes retail revenue. Proceeds from both forms of betting held steady in June, even as retail casinos fully reopened on June…

Sports ・ 20 July 2021

Vegas Slots Online

Top US Online Casino Markets by Average Yearly Spend

From the boardwalks of Atlantic City to the bright lights of the Las Vegas Strip, the US has become famous for its casino gambling over the past 100 years. Spurred on by this success, gaming operators have utilized new technology to enhance the options available to gamblers. This ultimately led to the first introduction of iGaming in New Jersey and…

Sports ・ 02 July 2021

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Online Poker Report

Casinos Beat Sportsbooks Two-To-One In Online Channel Revenue

In states with both legal iGaming and online sports betting, the former is king. Online casinos - with a bit of help from poker rooms - reliably produce more than twice as much revenue as sportsbooks. This March, iGaming yielded more than $300 million in revenue for Michigan, New Jersey, Pennsylvania and West Virginia, according to reports from…

Sports ・ 07 May 2021

This Day

How Regulated is the Online Casino Industry in the US?

Legal online casino gaming is spreading rapidly across the US. Surprisingly, most states legalized the industry only after the Supreme Court struck down the PASPA Act in 2018. States have had the authority to regulate online casinos since 2011. This is when the Department of Justice replied to New York and Illinois' inquiry on whether they could…

Law ・ 22 July 2023