NJ, PA Exceed One Billion Online Casino Revenue In 2021
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New Jersey and Pennsylvania both passed the $100 million monthly revenue threshold in October. Michigan is at $775 million as of Oct. 31. Delaware and West Virginia saw a rise in daily average revenue. The data comes directly from each state's respective regulatory body. The states are looking to finish the year on a strong note. Online gambling revenue surged in September. All three states held on to those gains in the October, though they didn't add much to it.
NJ, PA and Michigan are on the way to $1 billion in online casino revenue. 2020 was a chaotic year due to COVID and Pennsylvania was still getting up to speed. Michigan's delay in launching proved worthwhile, as it hit the ground running within the first quarter. It took until September to cross the $100 million monthly revenue mark.
Pennsylvania is reaping greater direct financial benefits than the other states. Pennsylvania's GGR has been two-thirds of New Jersey's this year. However, its per capita tax revenue has risen 60% this time. New York, NJ and PA are planning to legalize online casinos. NJ is planning on exceeding one billion dollars in revenue in 2021.
NJ, PA Exceed One Billion Online Casino Revenue In 2021. New Jersey online casinos brought in $124,569,344 in October. Online poker contributed a further $2,432,361.
Ocean Resort had the best month, up 12%. Golden Nugget had a good month up 7.5%. Caesars and Bally's took the worst of it, down 15% and 23%.
Pennsylvania online casinos managed $114,185,126 in October. Table games accounted for the entirety of the October increase. Valley Forge was the big winner, up over 13%.
Michigan online casinos and poker rooms earned $109,673,896 in October. This is a 3.7% increase over September. Many individual operators did better than the market as a whole. PokerStars/Fox Bet lost two-thirds of its revenue.
West Virginia online casinos had an exceptional month with daily average revenue rising by nearly a third. October's total revenue is estimated to be $7.1 million, up from $5.2 million in September. Greenbrier license saw a 70% increase in daily revenue, while Mountaineer license had a great month, thanks to the launch of Caesars Casino late in the month. Charles Town license dropped 4. 2% in revenue.
Delaware's online gambling market is volatile. Daily average revenue rose 13% in October, but it's still below the all-time state record of $1,134,900.
The states’ bottom line numbers are shown in a single table. Figures are gross gaming revenue, before promotional deductions. Pennsylvania revenue includes deductions for table games and poker. Monthly changes are based on daily average revenue normalized for the number of days in each month. West Virginia monthly revenue is an estimate from the state's weekly data.
NJ, PA Exceed One Billion Online Casino Revenue In 2021. Figures are gross gaming revenue, before promotional deductions. Pennsylvania revenue includes deductions for table games and poker. Monthly changes are based on daily average revenue normalized for the number of days in each month. West Virginia monthly revenue is an estimate from the state’s weekly data.
