For the second month in a row, Pennsylvania online casinos generated more than $150 million in gross gaming revenue (GGR). That revenue also outpaced that of other US online casino states again in November.
The Keystone State is one of what those in the US online gambling industry call the Big Three online casino states – along with Michigan and New Jersey. That’s because each month, the states generate the most GGR in legal US iGaming. Connecticut and West Virginia don’t even come close.
In November, Pennsylvania online casinos brought in $156 million in GGR. New Jersey’s total of $146 million was far from shabby. Michigan’s $145 million even surpassed the revenue from the Detroit commercial casino table games and slots.
All of the US online casino numbers come from each state’s regulators, including the Michigan Gaming Control Board (MGCB), the New Jersey Division of Gaming Enforcement (DGE), and the Pennsylvania Gaming Control Board (PGCB).
Pennsylvania Online Casinos – Nov. 2022
Pennsylvania online casinos, poker rooms, and sportsbooks launched in 2019. Since its inception, the online gambling marketplace’s revenue has continued to grow each month – except for a slow summer in 2020.
From March 2021 on, GGR never fell below $100 million a month.
Then in October 2022, it shot past $150 million (to $152 million) before any other state reached that milestone. In November, Pennsylvania beat its own record and reported $156 million in GGR on Monday. That’s a 2.75% revenue increase from October to November 2022.
Revenue from slots remained at $114 million in October and November. Online poker revenue also stayed at $2.5 million. However, table game GGR rose from $36 million in October to $39 million in November.
Possibly the most notable change is in daily GGR. In October, it was $4,894,065. In November, it climbed to $5,196,227 a day, or a 6.2% rise.
Frustratingly, the PGCB doesn’t separate out BetMGM‘s GGR. Because it’d be nice to compare how well the No. 1 market share US online casino is performing in the No. 1 legal online casino state, in terms of revenue.
Also, BetMGM is on the same license as another top operator, DraftKings Casino. However, BetMGM, DraftKings, and other smaller operators helped the Hollywood Casino license generate $67 million in GGR during November.
The other member of the Big Three operators among Pennsylvania online casinos is FanDuel Casino. The site on the Valley Forge Casino Resort license brought in $30 million in revenue during November.
So the Big Three operators were primarily responsible for $97 million of November’s $156 million in GGR, meaning other sites generated $59 million in November.
The Rivers Casino license, which includes BetRivers and Borgata apps, accounted for $34 million of that November revenue.
The remaining $24 million in GGR was split between seven more licenses in November.
As Alex Weldon wrote in Bonus last month about Pennsylvania online casinos:
Only Pennsylvania is on course to beat 2021 in terms of the number of records set.
Michigan Online Gambling Revenue – Nov. 2022
Last month, Michigan online casinos trailed New Jersey and Pennsylvania by about $10 million. However, the Wolverine State jumped from $141 million in October to $145 million in GGR during November, according to Monday’s numbers from the MGCB.
The market that launched in January 2021 quickly matured, never dropping below $100 million in monthly revenue after September 2021.
November’s $145 million in GGR is a record, as is its top operator’s $54 million. BetMGM started as Michigan’s No. 1 online casino and stayed there, almost accumulating $1 billion in revenue during the Michigan online casino marketplace’s lifetime.
Michigan allows 15 licenses to partner with online casino, poker, and sports betting sites vs. Pennsylvania’s 10. However, the Big Three are the same in Michigan, with DraftKings pulling in $23 million and FanDuel generating $27 million in GGR.
With one online casino license slot unoccupied after TwinSpires Sportsbook and Casino exited the state in September, the 11 non-Big Three sites created $41 million (28%) of the GGR during November.
New Jersey Online Gambling Revenue – Nov. 2022
The most mature market in the country, New Jersey online casinos and poker rooms, released its revenue figures on Friday. While its monthly tally dropped $1 million, from $147 million in October to $146 million in November, New Jersey rarely causes alarm. (It also helps that, accounting for the extra day in October, November’s daily revenue rose 2.6%.)
Perhaps that’s why the Garden State is where most online gambling sites enter the US market. There, 39 online casino and poker sites partner with eight license holders.
Here again, though, BetMGM is the market leader. Its $42 million in GGR is more than twice that of No. 3 competitor, FanDuel Casino. (FanDuel shares its $20 million November revenue total with sister brand, Stardust Casino, on the Golden Nugget Hotel Casino and Marina license.)
Filling out the Big Three in New Jersey is DraftKings Casino, with $28 million in GGR during November, according to the DGE.
That means BetMGM, DraftKings, and FanDuel created $90 million of New Jersey’s $146 million iGaming revenue in November.
Seven sites on the Caesars Interactive Entertainment New Jersey license generated the next-highest iGaming GGR, at $8.1 million in November.
Connecticut Online Gambling Revenue – Nov. 2022
Connecticut online casinos are the newest legalized US online casino marketplace members. Nutmeggers had live legal online gambling options beginning on Oct. 19, 2021.
In November, the state’s online casino revenue totaled $27 million, down just $25,268 from 31-day October.
Revenues are split between two tribal gaming operators – the Mashantucket Pequot and Mohegan tribes.
BetMGM isn’t in this market. So here, DraftKings Casino shines. Partnered with Foxwoods Resort Casino, operated by the Mashantucket Pequot Tribal Nation, the site generated $15 million in GGR during November.
Mohegan Sun Casino, powered by FanDuel Group technology, set a personal best of $11.8 million in GGR during November. That’s a 50.3% increase over last year.
Comparing the first entire month of online casino revenue in November 2021 to November 2022, Connecticut online casinos rose 45.8%.
West Virginia Online Gambling Revenue – Nov. 2022
West Virginia online casinos represent a small market, but one that has grown 73% since this time last year. The $11.1 million GGR in November is 7% up from October’s $10.7 million revenue.
Like Pennsylvania, the Mountain State doesn’t break out individual site revenues on its three license holders.
BetMGM and FanDuel are No. 1, of course, but they’re grouped together on the Greenbrier license. So it’s impossible to know which one accounted for more of the $3.5 million in November revenue.
All three licenses reported lower GGR than that of October, starting with Greenbrier’s $412,729 drop from $3.9 million.
Charles Town (DraftKings Casino, PointsBet Casino) dipped from $2.4 million GGR in October to $2.2 million in November.
Mountaineer (BetRivers, Caesars) revenue is down from October’s $804,700 to a November total of $786,108.