The American gaming market saw a record $17.63 billion in revenue in the second quarter of this year and online gaming played a major role in that. Revenue numbers from the country’s major online gaming states served as an example of that in July.
Pennsylvania, New Jersey, and Michigan all saw significant gains, but New Jersey’s live casino revenue numbers continued to struggle. Here’s a look at all the numbers.
Pennsylvania
The massive growth of gaming continued in July in the Keystone State. The Pennsylvania Gaming Control Board reported $500.8 million in combined total revenue from all forms of gaming, an increase of 7.2% compared to July 2023. Hollywood Casino at Penn National Race Course was the leader in the industry, with revenue of $79.5 million, up 13.4% from $70.1 million last year.
In online gaming, the state saw monthly gross revenue of $174.3 million, rising 31.2% from $132.9 million in July 2023. Here’s how that breaks down by game type compared to July 2023.
● Online casino – $125.4 million (up 32.2%)
● Online table games – $46.5 million (down 4.8%)
● Online poker – 2.3 million (down 13%)
Total sports wagering handle was $414.7 million in July, up 22.52% from $338.5 million in 2023. The taxable revenue figure of that was $38.6 million, an increase of 20.2% from $32.1 million last July. Of that, online sports revenue accounted for $35.1 million
Total tax revenue generated from all forms of gaming was $207.7 million. This comes as Pennsylvania recently announced collecting record tax revenue of $2.54 billion for the 2023-24 fiscal year. New Jersey Overall live casino revenue reached $272.3 million for July, a decrease of 6.1% from $290 million last July, according to the New Jersey Division of Gaming Enforcement. Year-to-date revenue for the state’s nine casinos reached $1.63 billion, a 1% drop from July 2023.The declining live casino revenue numbers over the last year have concerned legislators and others following the industry.“While many were hopeful that the summer of 2024 for Atlantic City casinos would see a rebound in drive-in visitors after last year’s trend of people taking their ‘dream vacation’ […]
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