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Online Gaming Sees Big Revenue Gains for December

Editor by Editor
January 24, 2024
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The U.S. on-line gaming trade closed out 2023 with document numbers on a number of fronts. That included some main income features for the month of December.

The trade continues to point out progress after celebrating a decade of legalized iGaming on a state-by-state foundation final yr, together with on-line poker.

Pennsylvania

The Keystone State noticed a large December, in keeping with the Pennsylvania Gaming Control Board (PGCB), complete income generated from all types of gaming at $534.2 million, a 12.5% surge from December 2022. That was a document income month, topping the $515.3 million from March.

December additionally introduced all-time month-to-month income highs for iGaming with $165.1 million in comparison with $159.5 million in September 2023. Sports wagering additionally reached a document degree with $72.6 million in comparison with $63.7 million in November 2021.

Total sports activities betting deal with reached $925.6 million, up 22.6% from December 2022. Here are figures for all on-line gaming:

  • Slots – $116.9 million, up 4.9%
  • Table video games – $45.8 million, 13.5%
  • Online poker – $2.4 million, down 8.7%
  • Sports betting – $67.2 million

The yr general introduced a Pennsylvania gaming document of $5.7 billion with on-line gaming taking part in a serious position after seeing progress of 28% over 2022.

New Jersey

The Garden State noticed some good gaming will increase in December, in keeping with the New Jersey Division of Gaming Enforcement (NJDGE). The state’s Atlantic City casinos introduced in $232.4 million in December, an increase of seven.8% in comparison with $215.6 million in December 2022.

The annual numbers confirmed some progress as nicely, with a complete of $2.85 billion in comparison with $2.79 billion in 2022, a rise of two.2%. December on-line gaming was $180.3 million, a bounce of 19.1% from $151.5 million for the identical month in 2022.

Online poker noticed income of $2.3 million in December, up 4/7% from nearly $2.2 million final December. For the yr, poker noticed income of $28.9 million, an increase of 5.6% of 2022’s $27.4 million.

For the complete yr, on-line gaming income topped out at $1.92 billion, recording progress of 15.7% in comparison with $1.66 billion in 2022. For sports activities betting, gross income reached $109.4 million in December, up 24.8% from $87.7 million in 2022.

Total income from all types of gaming reached $522.2 million in December, a 14.8% enhance from $454.8 million in 2022. All gaming income equated to $5.78 billion for 2023, topping the $5.21 billion in 2022 by 10.9%.

Michigan

The Wolverine State additionally carried out nicely in December, with on-line gaming totaling $242.5 million, a 15.9% enhance from November. This included:

  • $181.4 million for iGaming, a document excessive beating the earlier excessive of $175.3 million in November.
  • $61.1 million for gross sports activities betting, additionally a document surpassing $54.1 million from November 2021.
  • $583 million in complete on-line sports activities wagering deal with, additionally a document and a couple of.5% above the $568.8 million in November.

In 2023, operators reported a mixed $2.3 billion in complete iGaming gross receipts and gross sports activities betting receipts – $1.9 billion from iGaming and $420.4 million from on-line sports activities betting. That’s a complete bounce of 18.3% over 2022. Michigan doesn’t break down on-line poker income from different on-line on line casino gaming.

 

 

 





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Tags: MICHIGANNew Jerseyonline casinoOnline GamblingOnline PokerOnline RevenuePennsylvania
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