iGaming Boom: US Markets See February Revenue Surge

Key Takeaways:

• iGaming revenue surpassed brick-and-mortar casino revenue in New Jersey
• Pennsylvania's online gaming revenue grew 12.3% to $202.7 million
• Michigan reported a 23.6% increase in iGaming adjusted gross receipts

February brought positive news for the online gaming industry in major U.S. markets. Michigan, Pennsylvania, and New Jersey all reported year-over-year increases in gross revenue from online operators. In New Jersey, iGaming revenue once again outpaced traditional brick-and-mortar casino earnings.

Pennsylvania's online gaming sector showed significant growth, with combined gross gaming revenue reaching $202.7 million, a 12.3% increase compared to the previous year. The state's online slots revenue jumped 22.6% to $154.3 million, while online poker saw a modest 0.4% uptick. However, online table games experienced a 10.1% decline.

In New Jersey, online casinos generated $207.8 million in revenue, marking a 14% increase from February 2024. This figure surpassed the state's brick-and-mortar casino revenue, which fell 3.8% to $203.5 million. Online poker in the Garden State also saw growth, with revenue increasing by 2.6% to $2.4 million.

Michigan's iGaming sector reported impressive gains, with adjusted gross receipts (AGR) from online casino games reaching $209.1 million, a 23.6% increase compared to February 2024. The state's total online gaming and sports betting revenue for the month stood at $268.5 million.

Sports betting results varied across the states. New Jersey saw an 8.9% increase in sports betting revenue, while Pennsylvania experienced a significant drop in taxable income from sports wagering, likely due to local bettors winning big on the Eagles' Super Bowl victory.

These figures underscore the continued growth and importance of online gaming in the U.S. market. As states refine their regulatory frameworks and more operators enter the space, the digital gambling landscape continues to evolve, offering new opportunities and challenges for both players and industry stakeholders.