ON A ROLL: US Online Poker Revenue Remains Solid & Steady, iGaming Sets Records
Online poker revenue in the US stayed steady overall in October. WSOP.com chalked up more than $1 million in New Jersey and overall, the American market is holding strong month over month.
Players continue to jump in the online action and revenue numbers continue their highs since the COVID-19 pandemic. In the US, online poker is currently live and legal in the following states:
NJ scores $2 million overall, WSOP.com hits $1 million
Poker in the Garden State continues to hit the $2 million mark each month. The online poker scene has consistently hit that number five months in a row.
In total, the state brought in $2.2 million in October as reported by the New Jersey Division of Gaming Enforcement (NJDGE).
New Jersey currently has three legal online poker operators including:
- WSOP.com/888poker
- BetMGM (including the Borgata Poker and partypoker US skins)
- PokerStars
WSOP.com holds the top spot for the sixth consecutive month. The online operator saw a big up swing and hit over $1 million for the month compared to $928,753 in September.
BetMGM remained in second place and stayed consistent with $687,084. The platform has big plans this January for a tournament series called “The Return” in conjunction with the Borgata in Atlantic City. The event allows for players to qualify online.
PokerStars stayed in third place and reported $536,757. In the New Jersey live poker scene, only three rooms are open in Atlantic City including:
- Borgata (offers weekly tournaments)
- Harrahs
- Tropicana
Borgata recently announced the property’s first multi-day tournament since the pandemic. On Nov. 18, the casino hosted a $1,500 two-day event with a $250,000 guarantee. Many big players showed up for the event including Ethan “Rampage” Yau
BetMGM, Resorts top the charts in online gaming
New Jersey online casinos reported $147 million in October revenue, a 15.9% increase year over year. The Borgata/BetMGM brand hit over $40 million for the fifth month in a row.
The company reported $40.9 million in overall iGaming for the month. The site has remained No. 1 in the state for 19 straight months, but Resorts is eyeing the top spot. Resorts held second for the third month in a row and reported $39.3 million.
According to the NJDGE, overall gaming revenue reported by casino, racetracks, and partners reached $445 million for the month. Year over year, that’s a 0.7% decrease from October 2021.
Gaming taxes represent 8% of taxable casino gross revenue and 15% of Internet gaming gross revenue.
Pennsylvania holds No. 1 spot in the US
The Keystone State saw a small decrease but still remains the leader for online poker in the US. October’s $2.5 million was slightly down from September’s total of $2.6 million, according to the Pennsylvania Gaming Control Board (PGCB). The commonwealth currently offers three online poker platforms:
- PokerStars
- BetMGM (and the Borgata Poker skin)
- WSOP.com
PokerStars remains the top dog in the state and reported $1.5 million. WSOP.com came in second and saw slight growth month over month with $570,855. BetMGM rounded out the list in third with $397,207 in revenue.
Pennsylvania iGaming sets another record
The Keystone State set online gaming records for the third month in a row. The state reported $124.5 million, a 21% year-over-year increase.
State combined total revenue generated in September from all forms of gaming including fantasy contests reached $450 million. This is an increase of 5.7% compared to October 2021 revenue.
Online gaming, poker sets another record in Michigan
The Michigan market continues to show major growth. The Wolverine State set back-to-back monthly records in iGaming as reported by the Michigan Gaming Control Board (MGCB). Michigan online casinos showed total gross receipts of $190.2 million in October, up from $176.5 million in September.
Online poker revenue is combined with other iGaming in the state, but is part of the growing numbers. There are currently three online poker operators including:
- PokerStars
- BetMGM
- WSOP.com
Players are still waiting on a merger with other state poker platforms in Nevada, New Jersey, and Delaware. No word on a time frame has been mentioned recently. Players are hopeful for shared liquidity to go into effect in 2023.
Michigan online poker
BetMGM, PokerStars, and WSOP.com continue to push out solid tournaments online in the state. WSOP hosts regular Online Circuit Series in the state.
In other recent Michigan poker news, PokerStars recently announced David Kaye from Michigan as a new ambassador and Twitch streamer.
BetMGM and FanDuel both had blockbuster months. The companies saw their best months to date. BetMGM reported the highest with $52.3 million while FanDuel scored second place with $23 million.
Gaming operators in total produced $28.2 million in tax revenue and local share to the state including:
- Internet gaming taxes and payments – $26.3 million
- Internet sports betting taxes and payments – $1.9 million
Delaware poker stays even
Online poker in Delaware remained about the same in October, reporting $28,495 in revenue. For eight months in a row, the state has seen online gaming revenue of over $1 million. According to the Delaware Lottery, iGaming showed a net of $1.1 million. New player registrations were at 891.
In Delaware, 888poker operates three different skins in partnership with Delaware’s racetrack casinos including:
- Delaware Park
- Bally’s Dover
- Harrington Casino and Raceway
Delaware Park reported $16,384 in October. The property has been the No. 1 site each month this year. However, Harrington and Bally’s both saw month-over-month poker growth.
Delaware Park is the only live poker room open in the state. The venue is adding an extra bonus every Saturday in November. No rake games will be offered to entice players to get in the action.