November 2024 saw online gambling revenues surge across the six U.S. states where it is legal, with the total haul reaching a staggering $714.4 million. This represents a significant jump from $586.5 million during the same period last year. Let’s break down how the igaming sector performed in Michigan, New Jersey, Pennsylvania, and beyond.
Michigan Leads the Way Once Again
Michigan’s online casinos claimed the top spot for revenue generation, edging out New Jersey with a record-breaking $226 million in November. This was a marked increase from the $175.3 million recorded in November 2023, setting a new monthly benchmark above the $220.7 million achieved in October.
- Tax Contributions: Michigan’s igaming operators paid $42.5 million in taxes. Of this, $10.6 million went to Detroit, $5.2 million supported tribal governments, and $26.7 million was allocated to state coffers.
- Growth Drivers: The state’s 15 operators continue to attract a robust user base, reflecting a growing acceptance of online gambling within the state.
New Jersey’s Record-Breaking Month
New Jersey’s online gambling revenues also hit an all-time high, reaching $214 million in November. This was nearly 25% more than the $171.6 million recorded a year ago and narrowly surpassed the $213.6 million reported in October.
- Top Performers:
- Golden Nugget led the charge with $65.2 million in revenue, up from $50.1 million year over year.
- BetMGM/Borgata surged to second place with $43.4 million, while DraftKings/Resorts followed closely with $49 million.
- Tax Collection: Online gambling contributed $32.2 million to the state, making up more than half of New Jersey’s $61.9 million total gambling tax revenue for the month.
Pennsylvania Crosses the $200 Million Mark
Pennsylvania achieved a major milestone by surpassing $200 million in monthly igaming revenue for the first time. November’s total of $200.4 million eclipsed last year’s $191.9 million.
- Leading Operators:
- Hollywood Casino at Penn National Race Course remained the top earner with $74.4 million.
- Valley Forge Casino ranked second, generating $54.1 million.
- State Earnings: Pennsylvania collected $88.6 million in taxes, a substantial increase from $66.8 million in November 2023.
Smaller States Make Their Mark
Connecticut’s Steady Climb
Connecticut’s online gambling market continues to grow, generating $41.3 million in November—up from $32.7 million the previous year.
- DraftKings, operated by the Mashantucket Pequots, contributed $21.1 million.
- FanDuel, under Mohegan Sun, accounted for $20.2 million.
- Tax revenue reached $7.4 million, up from $5.8 million in 2023.
West Virginia Nears a Record
West Virginia saw igaming revenues of $23.4 million in November, nearly matching October’s record. This was a notable leap from $13.9 million in the same month last year.
Delaware Sees Rapid Growth
Delaware’s igaming revenue climbed to $6.2 million, a dramatic improvement over the $1.1 million generated in November 2023 under 888. Slots accounted for $4 million, while table games contributed $2.2 million.
Rhode Island Holds Steady
Although Rhode Island’s numbers for November won’t be finalized until January, October’s revenues remained stable at $3.1 million. Projections suggest a similar outcome for November, adding to the overall growth trajectory.
Revenue Table by State
| State | November 2024 Revenue | November 2023 Revenue | Tax Revenue November 2024 |
|---|---|---|---|
| Michigan | $226 million | $175.3 million | $42.5 million |
| New Jersey | $214 million | $171.6 million | $32.2 million |
| Pennsylvania | $200.4 million | $191.9 million | $88.6 million |
| Connecticut | $41.3 million | $32.7 million | $7.4 million |
| West Virginia | $23.4 million | $13.9 million | Data unavailable |
| Delaware | $6.2 million | $1.1 million | Data unavailable |
| Rhode Island* | Estimated $3.1 million | Estimated $3.1 million | Data unavailable |
*Rhode Island reports with a delay.
