Online Gaming Numbers Jump In January
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The country’s leading online gaming states recently reported revenue numbers for January and that included some nice gains for the industry.
For online poker, revenue numbers edged up from December in Pennsylvania while showing a decline in New Jersey. Michigan’s online casino gaming, including poker, also set a new monthly record. Here’s a look at January’s reports.
Pennsylvania
The Pennsylvania Gaming Control Board reported total revenue from all forms of gaming totaled $477.2 million in January, up 2.7% from January 2023.
Online gaming produced $149.6 million, a rise of 12.4% from $133.1 million a year ago and includes $110 million from slots, $36.9 million from table games, and $2.7 million from online poker.
The poker revenue is up about $300,000 from $2.4 million in December, for an increase of 12.5%, For sports betting, total January wagering handle reached $858.2 million, an increase of 11.1% from $772.3 million in January 2023, with $66 million from online betting.
New Jersey
The New Jersey Division of Gaming Enforcement reported a contrast between live casino and online results. Live casinos brought in $205 million in revenue, a 3.1% decrease from $211.7 million in January 2023. A drop in slot revenue to $143 million, down 5.8% from 2023, accounted for much of that. Table games brought in $62.1 million, up 3.7% from 2023.
Online gaming was quite a different story. January produced iGaming revenue of $183.3 million, compared to $152.9 million last year. Sports wagering also received a major boost, with gross revenue at $170.8 million – rising 136.1% compared to $72.3 million last year. Online poker saw an 8.2% drop from $2.7 million in January 2023 to $2.5 million last month.
The Garden State’s overall total gaming revenue reached $559.1 million for January, a 28% boost from $436.9 million in January 2023.
Michigan
The Michigan Gaming Control Board also recently reported online gaming figures, with $229.6 million total gross receipts for online gaming and sports betting receipts in January. That number fell 5.4% from December.
A drop in sports betting led to that downward trend, while online casino saw revenue of $181.9 million, beating the state’s previous record of $181.4 million from December. Numbers for online poker aren’t reported independently in Michigan, but these online casino numbers at least offer a glimpse into how the industry may be faring.
Sports betting was a different tale, with gross sports betting receipts of $47.7 million, dropping from $61.1 million in December. January’s combined iGaming and online sports betting adjusted gross receipts (AGR) was $183 million, with $164.2 million from casino and $18.8 million from sports.
iGaming AGR rose 0.5% and sports betting declined 46.5% compared to December. However, online gaming AGR increased 18.7% compared to January 2023 and sports betting was up 5.4% compared to the same month. Total online sports betting handle reached $577.4 million, dropping 1% from $583 million in December.
