Online gaming continues to grow and surged in Pennsylvania, New Jersey, and Michigan in August, but online poker remains flat or falling in key legalized states.
Sports betting continued to shine in the Keystone State while seeing drops in Michigan and New Jersey. No doubt that may turn around as the football season is now underway. Here’s a look at revenue figures from these three states.
Pennsylvania
Combined total revenue from all gaming was $510.2 million in August, according to the Pennsylvania Gaming Control Board. That’s an increase of 11.6% from August 2023. Hollywood at Penn National Race Course was the top property, collecting $87.8 million, an increase of 16.7% from last year. Valley Forge was second at $70.8 million, up 45%.
Online gaming generated $183.7 million, up 26.7% from $145 million in August 2023. Here’s how that looked in each gaming category:
● Slots – $138.3 million, up 31.4% from $203.2 million in August 2023
● Table games – $43.2 million, up 15.9% from $37. 3 million in August 2023
● Online poker – $2.2 million, down 8.9% from $2,440,714 in August 2023
For sports betting, total handle was $485.3 million, a 23.5% jump from $393 million last year. Of that, taxable revenue for August was $30 million, 36.2% higher than 2023. Total tax revenue generated from all gaming reached $215.2 million.
New Jersey The New Jersey Division of Gaming Enforcement reported $294 million in revenue for August, a 4.9% increase from $280.3 million in August 2023. The year-to-date total reached $1.9 billion, which is flat compared to the same period in 2023.Online gaming produced $198.4 million, growth of 27.8% compared to $155.3 million last August. Year to date, online gaming was $1.52 billion, a 22.7% jump compared to $1.2 billion for the prior period. Online poker was flat, registering $2.4 million, the same amount as last August.Sports wagering brought in $62.7 million, decreasing 34.7% from $96 million the previous August. The year-to-date total for sports is $715.8 million, a 19.7% increase compared to $597.9 million in 2023.Total revenue from all gaming was $555.1 million in August, a 4.4% increase from $531.6 […]
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