U.S. Online Casino Revenue Totals $696 Million for August

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The seven states that offer online casino gaming combined for $696.8 million in gross revenue for August after Rhode Island released its figures for the month on Monday.

Overall winnings were up 33.3% year-over-year and ranked second all-time behind the $720.4 million accrued by operators in March. Pennsylvania led the group of seven with $225 million in gross revenue, while New Jersey was tops for adjusted gross revenue at $198.4 million.

The states were eligible to levy taxes on $628.2 million in AGR, with $134.5 million being redirected into tax coffers. Adjusted gross revenue increased 32.4% year-over-year as states saw an increase of more than $33 million in receipts.

Big Three Put Up Big Numbers

August marked the sixth time in the last seven months that Pennsylvania cleared $200 million in gross revenue, and the $1.7 billion through the first eight months of 2024 represents a 27.5% increase versus 2023.

Most of the increase came through slot revenue, which reached an all-time high of $179.6 million. That bettered the mark of $177.5 million established in March and was only the second time gross slot winning exceeded $170 million. Adjusted slot revenue topped $1 billion for the calendar year and is on pace to exceed the 2023 full-year total of $1.23 billion by October.

New Jersey's flirtation with $200 million in monthly operator winnings renewed in August with an all-time high of $198.4 million. It was the second straight month revenue cleared $195 million this year and marked the fourth time it exceeded $190 million in 2024.

Resorts Digital had an all-time high of $51 million from its five online skins, though DraftKings represented the bulk of that haul with $43.2 million. The Borgata also made a notable contribution, as its internal platform along with BetMGM each topped $20 million in the same month for the first time since the New Jersey Division of Gaming Enforcement began publishing operator figures in March.

Michigan also eyed the $200 million mark for a second time in state history, coming within $3.4 million of that figure. The $196.7 million total ranked third overall and sent the all-time gross revenue amount above $6 billion since launch in January 2021.

BetMGM continued to retrench itself as the marketplace leader in the state against FanDuel, leading all operators with $52.5 million in gross winnings. Both Caesars Palace Online and BetRivers again continued to show growth in the Wolverine State with all-time revenue highs. Caesars surpassed $12 million in winnings for the first time at $12.6 million, while BetRivers edged over $13 million.

Connecticut Also Ekes Out All-Time High

Connecticut's de facto duopoly of FanDuel and DraftKings continues to hum along, as the online titans keyed a record gross revenue total of $44.6 million for August. The year-best 3.6% hold was key to bettering the record of $44.3 million set in March, as bettors wagered $1.24 billion.

West Virginia had its No. 2 month since launching back in July 2020 with $22.6 million — more than double its $10.6 million in operator winnings 12 months prior. Hollywood Casino Charles Town topped $8 million in revenue for just the second time, while Mountaineer Casino had year-over-year winnings in August more than double to nearly $4 million.

Delaware's first year with BetRivers running its iGaming platform continues to deliver revenue multiples higher than its predecessor, 888 Holdings. The $6.6 million in gross revenues was an all-time best for the third consecutive month, and the $22.3 million in taxes is more than double the $9.6 million claimed for all of 2023.

Bally Bet had another month of incremental revenue improvement in its first year of operations in Rhode Island, coming within $32,200 of $3 million in August. Both gaming verticals, slot and table games, had all-time monthly revenue highs, and slot winnings surpassed $2 million for the first time.

Drop reached an all-time high of $74.6 million, an increase of 10.2% from July as it cleared $70 million for the first time. The $6.4 million in tax revenue through the first six months of operations has more than absorbed the slight year-over-year $189,600 decline in sports wagering taxes.

About the Author
Chris is a Senior Analyst at Better Collective US and his focus is breaking down monthly sports betting revenue figures from state agencies across the United States. Prior to joining Better Collective in November 2019, Chris acquired more than two decades worth of experience at three national sports news wire services.

Follow Chris Altruda @altruda73 on Twitter/X.

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