US Online Poker, iGaming Revenue Numbers Remain Solid in Legalized Markets
Online poker revenue increased month over month in most legalized states for July. The industry continues to show potential in new markets and achieve year-over-year growth.
PokerStars, BetMGM/partypoker US, and WSOP.com continue to offer monthly tournament series alongside cash game promotions. In the US, online poker is currently live and legal in the following states:
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New Jersey online poker shows growth
Garden State online poker sites have continued to hit over $2 million for the last few months. In total, the state brought in $2.2 million, just slightly up from June’s $2.1 million. The New Jersey Division of Gaming Enforcement (NJDGE) reports each month on the state’s results.
New Jersey currently has three online poker operators including:
WSOP.com held the top spot again in July for the third consecutive month. The site saw a month-over-month increase and brought in $997,213, up from June’s $960,162. The site benefited from Online Circuit Series and bracelet events throughout the summer. The site’s major online events attracted big fields.
The big shakeup came in the second-place spot. PokerStars topped BetMGM for the second slot by reporting $662,439 for July.
BetMGM came in third for the month after reporting $617,620. The site recently announced its new KnockOut Series for August.
In the New Jersey live poker scene, only three rooms are open in Atlantic City including:
- Borgata (offers weekly tournaments)
No casinos have announced plans for guaranteed multi-day live events yet. However, there are rumors floating around PokerStars may return with a live series at Resorts Casino.
BetMGM iGaming hits $40 million mark again
New Jersey online casinos reported $136.7 million in July revenue, a 15.2% increase year over year. The BetMGM/Borgata casino brand hit over $40 million in back-to-back months.
The company reported $42.3 million in overall iGaming for the month. The site has remained No. 1 in the state for 16 straight months.
Golden Nugget took a small dip again but remained in second with $34.5 million. Resorts took third with $30.4 million.
According to the NJDGE, overall gaming revenue reported by casino, racetracks, and partners was $480.7 million for the month. Year over year, that’s a 6.7% increase from $450.6 million in July 2021.
Gaming taxes represent 8% of taxable casino gross revenue and 15% of Internet gaming gross revenue.
Pennsylvania online poker leads nation
The Keystone State is the top spot in the US for legal online poker. Pennsylvania reported another month-over-month rise in poker revenue. The sites accounted for $2.7 million in July, according to the Pennsylvania Gaming Control Board (PGCB). The commonwealth currently has three online poker choices:
- BetMGM and the Borgata Poker skin
PokerStars is the top site in the state and brought in $1.6 million for July. WSOP.com saw a small growth in numbers at $744,141. The platform isn’t part of the combined player pool in New Jersey and Nevada.
WSOP.com recently announced the $400,000 Summer Online Championships, which also run in Michigan in August. BetMGM came in third but saw monthly growth with $383,555.
iGaming record of $98 million reached in PA
The PGCB kicked off the new fiscal year with some impressive iGaming numbers. The state reported $98.5 million in total gross revenue.
State combined total revenue generated from all forms of gaming along with fantasy contests during July was $429 million. This is an increase of 1.3% compared to revenue generated in July 2021.
PA poker room tournament, mega bad beat jackpot on tap
Pennsylvania tournament players have some live choices in August. Also, Rivers Pittsburgh has a current record-setting bad beat jackpot sitting at over $1.2 million.
Here’s a look at open live brick-and-mortar Pennsylvania poker rooms that are currently open:
- Parx Casino
- Mohegan Sun Pocono
- Mount Airy Casino Resort
- Rivers Casino Philadelphia
- Rivers Casino Pittsburgh
- Meadows Racetrack and Casino
- Philadelphia Live Casino
- Wind Creek Bethlehem
- Pittsburgh Live Casino
Online poker, iGaming set records in Michigan
Michigan online poker continues to grow in an expanding iGaming market. According to the Michigan Gaming Control Board (MGCB), online casinos in the Wolverine State brought in $136.9 million in revenue for July, setting a new record monthly total.
Online poker revenue isn’t reported separately, but shows the game’s potential in the state. The report includes the combination of poker and online gaming. There are now three online poker operators including:
No official word has come yet about Michigan joining the interstate compact with Nevada, New Jersey, and with 888poker in Delaware.
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Michigan poker outlook is good
BetMGM, PokerStars, and WSOP.com continue to produce solid tournaments in Michigan. Revenue numbers are strong as well. Internet gaming gross receipts for July were $126.6 million, up 4.2% from the $121.5 million reported in June.
Online poker revenue isn’t reported separately, so the number is reflected in the combined iGaming results. The interstate compact with Nevada and New Jersey still hasn’t launched yet, so it remains a ringed-in poker market.
BetMGM and FanDuel continue to be first and second place in online gaming. BetMGM reported $48 million and FanDuel saw $18.5 million.
Gaming operators in total produced $24.9 million in tax revenue and local share to the state including:
- Internet gaming taxes and payments – $24.1 million
- Internet sports betting taxes and payments – $386,187
Multiple Michigan brick and mortar live poker rooms are open including:
- MGM Grand Detroit
- Motor City Casino
- Greektown Casino
- Odawa Casino Petoskey
- Firekeepers Casino
- Island Resort & Casino
Casinos such as FireKeepers are attracting players to the Michigan poker rooms via some big tournaments. The casino recently announced a $1 million guarantee Mid-States Poker Tour event this October.
Delaware poker, iGaming see best month of 2022
In July, online poker in Delaware had its best month in 2022. The state saw growth month over month and reported $43,943 in July, slightly above the $43,121 in June.
For the fifth month in a row, the state reported online gaming revenue of over $1 million. According to the Delaware Lottery, iGaming showed a net of over $1.25 million, the best of 2022. New player registrations also hit a new year high of 1,174.
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 grabbed the top spot again and showed its best month of 2022. The operator reported $28,228 in July and has held the top spot every month this year.
Delaware Park is the only live poker room open in the state and is currently offering player bonuses for high hands.