As on-line gaming continues to be thought of by further states, the principle legalized markets proceed to search out main progress, together with some month-to-month data in February.
Michigan and Pennsylvania noticed new highs in February whereas New Jersey additionally noticed on-line gaming trending upward as nicely. Despite that, on-line poker remained largely flat or declined. Here’s a take a look at every state’s report for February.
Pennsylvania
Online gaming within the Keystone State set a month-to-month report in February with $184 million, in line with the Pennsylvania Gaming Control Board (PGCB). That’s a rise of 40.5% from the $131.6 in February 2023. Online slots accounted for $125.9 million with desk video games bringing in $56.6 million. Online poker produced $2.4 million, a drop from $2.7 million in January.
Sports betting produced a complete deal with of $661.7 million, rising 10.4% from $599.5 million in 2023. Taxable income was solely $30.3 million, a drop of 30% from February 2023. Tax income from all types of gaming totaled $205 million with on-line gaming chargeable for $77.4 million of that. Combined whole income from all types of gaming was $499.1 million, progress of 9.3% from final February.
New Jersey
Online gaming additionally ramped up within the Garden State in February, in line with the New Jersey Division of Gaming Enforcement (NJDGE). Online gaming achieved $182.3 million, rising 27.9% in comparison with $142.6 million in February 2023.
Online gaming has seen year-to-date income of $365.6 million, up 23.7% from $295.5 million throughout the identical interval in 2023. Online poker stayed just about unchanged at $2.3 million. The state’s 9 casinos reported reside gaming income of $211.6 million for February, down 1.6% from $215 million final 12 months. Year-to-date income is at $416.3 million, down 2.4% in comparison with $426.6 million in 2023.
Sports wagering, together with on-line, accounted for gross income at $67.6 million in February, a leap of 23.7% enhance from the $54.6 million in 2023. Year to this point, sports activities betting has seen large progress – totaling $238.3 million, a rise of 87.7% enhance from $127 million in 2023.
New Jersey total gaming income reached $461.5 million in February, rising 12% from $412.2 million in 2023. Total gaming income 12 months to this point is now $1 billion, a 20.2% enhance from $849.1 million in 2023.
Michigan
The Michigan Gaming Control Board reported a mixed $218.5 million in on-line gaming and sports activities betting gross receipts in February, falling 4.8% in comparison with January. However, on-line gaming introduced within the highest whole to this point at $188 million, rising above the earlier report of $181.9 million from January. Online poker isn’t damaged out into its personal class in Michigan and is included with these numbers.
Despite that report, gross sports activities betting receipts dropped to $30.5 million in February, a drop of $47.7 million in January. Combined whole on-line gaming and on-line sports activities betting adjusted gross receipts (AGR) reached $182.1 million, with $169.2 million from on-line gaming and $12.9 million from on-line sports activities betting. This is a rise of three.1% for on-line gaming and a drop of 31.3% for sports activities betting from January.
When in comparison with final February 2023, on-line AGR was up by 27% and sports activities betting was up by 52.7%. Sports betting month-to-month deal with reached $402.6 million, down 30.3% from $577.4 million in January.
