BetMGM Casino Gains Market Share In August, As DraftKings, FanDuel Slump In Off-Season

Dreamstime/Yobro10 August was a good month for online casinos in some states, but not so good in others.

Michigan online casinos saw a collective increase of 5.3% in gross gaming revenue (GGR). The total was $97.2 million, or $87.6 million in adjusted revenue after deducting promotional expenses. That’s a new record for the state. Both New Jersey and Pennsylvania have had $100 million-plus months, and Michigan looks likely to get there before the year’s out.

New Jersey went the opposite direction, seeing its online casino revenue drop 4.2%, or 4.6% for overall iGaming with online poker included. (Michigan does not separate out online poker revenues, so no figures for casino only are available).

Pennsylvania also declined, but to a lesser degree. Its online casinos shed 1.9% , though strong gains for online poker due to the arrival of WSOP.com mitigated the damage. Total iGaming was down only 1.2%.

Delaware online casino revenue was up significantly in August, while West Virginia’s was down slightly. These small states contribute very little to the national total, however.

On aggregate, then, the national market held close to steady despite state-to-state variations. Put together, the five states generated about $314 million in GGR, compared to $326 million in July, a drop of 3.7% . Small fluctuations like this have been the name of the game for the past six months or so, after what was a rather dramatic year from 2020 through early 2021.

That’s not to say nothing has changed over the summer, however. Though the total has held steady, the battle for market share has been drifting in favor of the traditional casino companies and away from the sports-focused newcomers.

All figures cited in this article come from data supplied by state regulatory authorities, with most calculations performed by Online Poker Report. FanDuel and DraftKings feel pressure from both sides

Market share is a tricky thing to measure in most states. Regulators report the numbers by license, but in New Jersey, Pennsylvania and West Virginia, each license is shared by multiple brands.Michigan gives us a unique opportunity to study the market share battle […]

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