{"id":7798,"date":"2022-05-18T12:16:27","date_gmt":"2022-05-18T19:16:27","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=7798"},"modified":"2022-05-18T12:16:27","modified_gmt":"2022-05-18T19:16:27","slug":"us-online-casino-revenue-tops-400-million-in-april","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/us-online-casino-revenue-tops-400-million-in-april\/","title":{"rendered":"US online casino revenue tops $400 million in April"},"content":{"rendered":"<p>U.S. online casino revenue eclipsed $400 million for the second consecutive month in April. The six-state tally of $414.4 million is the second-highest total in the history of the U.S. industry. On a per-day basis, April was the best month of all time, outpacing February 2022\u2019s $13,789,813 daily average.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"102\"><\/td>\n<td width=\"130\">March 2022 Rev<\/td>\n<td width=\"130\">April 2022 Rev<\/td>\n<td width=\"130\">March Rev\/day<\/td>\n<td width=\"130\">April Rev\/day<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">New Jersey<\/td>\n<td width=\"130\">$140,655,053<\/td>\n<td width=\"130\">$136,883,398<\/td>\n<td width=\"130\">$4,537,259<\/td>\n<td width=\"130\">$4,562,779<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">Pennsylvania<\/td>\n<td width=\"130\">$118,118,408<\/td>\n<td width=\"130\">$113,109,393<\/td>\n<td width=\"130\">$3,810,271<\/td>\n<td width=\"130\">$3,770,313<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">Michigan<\/td>\n<td width=\"130\">$131,673,653<\/td>\n<td width=\"130\">$132,438,011<\/td>\n<td width=\"130\">$4,247,537<\/td>\n<td width=\"130\">$4,414,600<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">Connecticut<\/td>\n<td width=\"130\">$22,637,711<\/td>\n<td width=\"130\">$22,757,263<\/td>\n<td width=\"130\">$730,248<\/td>\n<td width=\"130\">$758,575<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">West Virginia<\/td>\n<td width=\"130\">$10,343,361<\/td>\n<td width=\"130\">$8,036,257<\/td>\n<td width=\"130\">$333,656<\/td>\n<td width=\"130\">$267,875<\/td>\n<\/tr>\n<tr>\n<td width=\"102\">Delaware<\/td>\n<td width=\"130\">$1,002,072<\/td>\n<td width=\"130\">$1,221,889<\/td>\n<td width=\"130\">$32,325<\/td>\n<td width=\"130\">$40,730<\/td>\n<\/tr>\n<tr>\n<td width=\"102\"><strong>TOTAL<\/strong><\/td>\n<td width=\"130\"><strong>$424,430,258 <\/strong><\/td>\n<td width=\"130\"><strong>$414,446,211<\/strong><\/td>\n<td width=\"130\"><strong>$13,691,296<\/strong><\/td>\n<td width=\"130\"><strong>$13,814,872<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/www.michigan.gov\/mgcb\/0,4620,7-351-79127_82898-244408--,00.html\">Michigan Gaming Control Board<\/a>.<\/li>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/www.njoag.gov\/about\/divisions-and-offices\/division-of-gaming-enforcement-home\/financial-and-statistical-information\/\">New Jersey Division of Gaming Enforcement<\/a>.<\/li>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/gamingcontrolboard.pa.gov\/?pr=940\">Pennsylvania Gaming Control Board<\/a>.<\/li>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/www.delottery.com\/More\/iGaming\/Monthly-Net-Proceeds\/Monthly-Distribution-Of-Proceeds\/2021\">Delaware Lottery<\/a>.<\/li>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/wvlottery.com\/news-and-info\/information\/financial-reports\/\">West Virginia Lottery<\/a>.<\/li>\n<li>Revenue numbers from the\u00a0<a href=\"https:\/\/portal.ct.gov\/DCP\/Gaming-Division\/Gaming\/Gaming-Revenue-and-Statistics\">Connecticut Department of Consumer Protection<\/a>.<\/li>\n<\/ul>\n<h2>A Look Inside the April Numbers<\/h2>\n<h3>Michigan Poised to Overtake New Jersey<\/h3>\n<p>The gap between New Jersey and Michigan continued to close in April. After coming within 6% of New Jersey\u2019s online casino revenue in February and March, Michigan narrowed the gap to less than 4% in April.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-large wp-image-7799\" src=\"https:\/\/wagers.com\/staging\/4285\/wp-content\/uploads\/Picture4-2-1024x598.png\" alt=\"\" width=\"1024\" height=\"598\" \/><\/p>\n<p>Year-over-year growth has slowed in New Jersey, coming in at 27% in April. That\u2019s a significant increase over the 19% Y\/Y growth in March, but well below the initial post-PASPA growth, consistently above 50%.<\/p>\n<p>Michigan saw 40% Y\/Y growth in April. If both states continue to trend in opposite directions, Michigan will soon become the US online casino leader.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-7800\" src=\"https:\/\/wagers.com\/staging\/4285\/wp-content\/uploads\/Picture3-3-1024x598.png\" alt=\"\" width=\"1024\" height=\"598\" \/><\/p>\n<h3>Michigan Market Share<\/h3>\n<p>New Jersey\u2019s top three operators (FanDuel, DraftKings, BetMGM) have a market share of 62%, according to Eilers &amp; Krejcik Gaming analysis of January-March 2022. In Michigan, the same three operators had a near 70% market share in April.<\/p>\n<p>There is also a more significant gap between the top operator, BetMGM, and the runners-up (DraftKings and FanDuel) in Michigan. BetMGM boasts a 37.2% market share in Michigan, while FanDuel and DraftKings possess a 16.1% market share. That\u2019s a 21-point spread between number one and number two.<\/p>\n<p>By comparison, in New Jersey, BetMGM has a market share of around 30%, with FanDuel and DraftKings coming in at around 15%.<\/p>\n<h3>Pennsylvania Continues to Lag<\/h3>\n<p>Pennsylvania is another solid online casino market, but the Keystone State is mining silver compared to the gold mines in New Jersey and Michigan. With a population advantage of 30% and 23%, respectively, Pennsylvania\u2019s online casino revenue vastly underperforms both aforementioned states. As <a href=\"https:\/\/wagers.com\/staging\/4285\/news\/online-casino-revenue-numbers-point-to-a-golden-opportunity\/\">previously reported<\/a>, tax burdens and other negative industry structures significantly contribute to Pennsylvania\u2019s underperformance.<\/p>\n<p>Pennsylvania is also seeing much slower Y\/Y growth, coming in at 18% in April, after 17% Y\/Y growth in March.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-large wp-image-7801\" src=\"https:\/\/wagers.com\/staging\/4285\/wp-content\/uploads\/Picture2-3-1024x598.png\" alt=\"\" width=\"1024\" height=\"598\" \/><\/p>\n<p>That said, Pennsylvania\u2019s government coffers are filling far faster than New Jersey and Michigan thanks to Pennsylvania\u2019s tax rate. With a 54% tax on slots and 16% on table games, Pennsylvania\u2019s April 2022 tax haul was higher than the combined figure from New Jersey (15% tax) and Michigan (20-28%) combined.<\/p>\n<p>Tax collected in April 2022:<\/p>\n<ul>\n<li>New Jersey = $20.5 million<\/li>\n<li>Michigan = $24.3 million<\/li>\n<li>Pennsylvania = $47.2 million<\/li>\n<\/ul>\n<h3>Connecticut, West Virginia, and Delaware Bring Up the Rear<\/h3>\n<p>The bottom three online casino states collectively produce less than a quarter of New Jersey\u2019s revenue. Put another way, the total revenue generated by Connecticut, West, Virginia and Delaware ($32 million) is $15 million less than the tax Pennsylvania online casinos paid to the state in taxes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-7802\" src=\"https:\/\/wagers.com\/staging\/4285\/wp-content\/uploads\/Picture1-4-1024x598.png\" alt=\"\" width=\"1024\" height=\"598\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. online casino revenue eclipsed $400 million for the second consecutive month in April. The six-state tally of $414.4 million is the second-highest total in the history of the U.S. industry. On a per-day basis, April was the best month of all time, outpacing February 2022\u2019s $13,789,813 daily average. March 2022 Rev April 2022 Rev [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[1000,782,603,781],"class_list":["post-7798","post","type-post","status-publish","format-standard","hentry","category-news","tag-michigan","tag-new-jersey","tag-online-gambling","tag-pennsylvania"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/7798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=7798"}],"version-history":[{"count":4,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/7798\/revisions"}],"predecessor-version":[{"id":7811,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/7798\/revisions\/7811"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=7798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=7798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=7798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}