Dreamstime/Michal Bednarek September online gambling revenue numbers are in and it was a great month, almost across the board.
Michigan in particular got a lot of attention when it released its figures late last week. That’s because its iGaming market hit a total of $102,380,221.90 in gross gaming revenue for the month. That’s an all-time state record, and the first time it has broken into the nine figures .
New Jersey also created a lot of fuss by hitting $1 billion in monthly sports betting handle. You can read more about that over at Legal Sports Report. Here at Online Poker Report, we don’t usually go into much detail about sports betting numbers. However, New Jersey hitting that milestone is significant for a couple of reasons. Firstly, it’s a number that’s impressive enough in its own right to warrant a mention. At the same time, cross-selling between verticals is becoming increasingly important in the US. This month’s growth in online casino and poker revenue is not unrelated to the beginning of the fall sports season, as you’ll see as you read on.
Pennsylvania didn’t quite set a monthly record, but it did if you calculate revenue as a daily average. Its high water mark is $113,770,086, set in May this year. September clocked in at $111,945,582, but with one fewer day in the month it beat May with a daily average of $3,731,519 compared to $3,670,003. It’s therefore quite likely that the state will get back to setting monthly records in October.
As for the smaller states, West Virginia likewise had a great month, while Delaware is the odd one out, having failed to hold on to the gains it saw in August. DraftKings and FanDuel bounce back in Michigan
Last month’s featured trend was that FanDuel Casino and DraftKings Casino had been steadily losing market share over the summer. It was Online Poker Report’s assumption that this was a result of the companies’ sports focus and their target demographic.
Sportsbook revenue follows a predictable annual cycle based on which sports seasons are underway. For casinos whose primary customer acquisition channel […]
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