Online Gaming Records Set In November As Poker Dips In Key States
Online casino and sports betting operators in major U.S. markets posted record or near-record results in November, even as online poker revenue slipped in key states.
Pennsylvania, New Jersey, and Michigan all reported strong online gaming and sports betting numbers, highlighting continued growth for the industry despite a modest downturn in poker.
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Online Gaming Remains Brisk In Key States
Pennsylvania online casino and sports betting operators set records in November. Additionally, New Jersey’s online gaming stakeholders reported 20% gains, and Michigan set a sports betting record last month.
After months of growth since joining the Multi-State Internet Gaming Agreement in April, Pennsylvania’s online poker revenue dipped in November. The Keystone State experienced just a slight drop, while New Jersey saw a more sizable decrease in poker play.
Here’s a look at online gaming revenue in the country’s major legalized states.
Pennsylvania
The Keystone State saw record-high revenue from most forms of gaming in November, according to the Pennsylvania Gaming Control Board. Total revenue was $623.1 million, a 10.8% year-over-year increase, eclipsing the previous record, $601.8 million in May.
Online gaming played a big part, totaling $242.7 million, up 21.1% from November 2024.
- Online poker: $2.3 million (down 0.03%)
- Online slots: $185.4 million (up 24.7%)
- Online table games: $55.1 million (up 11.1%)
Sports betting also grew in November. Total handle reached an all-time high of $990.6 million, 5.9% higher year-over-year. It topped the previous high, which was October’s $968.5 million.
Taxable revenue was $98.3 million, up 27.6% from November 2024. That figure was also a new monthly high, beating the previous record set a year earlier.
Total tax revenue from all forms of gaming reached $260.9 million.
New Jersey
Things continue looking up for New Jersey’s casino and gaming industry. The state’s nine casinos collected $236.8 million in November revenue, a 5.7% year-over-year jump, according to the New Jersey Division of Gaming Enforcement. Year-to-date revenue stands at $2.68 billion, a 3.6% increase from the same period last year.
Online gaming revenue experienced 18.2% growth, totaling $253 million. Year-to-date online gaming revenue has reached $2.64 billion, representing a 22.2% growth.
Online poker dropped in the Garden State in November, falling 4.6% to $2.2 million.
Sports betting gross revenue increased 23% to $146.4 million. Year-to-date sports wagering is now at $1.06 billion through November, up 2.8%.
Total revenue from all forms of gaming rose 14.2% to $636.2 million in November. Year-to-date total gaming revenue is now at $6.38 billion, 10.4% higher than $5.78 billion last year through 11 months. Operators paid a total of $93.4 million in November taxes.
Michigan
Operators in Michigan reported a combined total of $335.7 million in gross receipts from online gaming and sports betting in November, a 4.7% decrease from October. iGaming gross revenue totaled $248.4 million, while gross sports betting revenue was $87.3 million.
This was a new sports betting record, besting the previous high set in January ($83 million). Combined adjusted gross receipts (AGR) for iGaming and online sports betting reached $298 million. Of that, $233.3 million (a drop of 10.9%) came from iGaming and $64.7 million from sports betting (a 31.4% increase).
Online poker is grouped with online gaming, so it seems likely the state saw a decrease as in Pennsylvania and New Jersey. Online casino AGR rose 14.7% and sports betting AGR surged 74.7% compared to November 2024.
Sports betting handle was $631.1 million in November, a 4.2% increase from the $605.9 million in October. Operators submitted $53 million in state taxes for the month.