2021 Online Casino Revenue Figures Return To Pre-Pandemic Trends
The growth rates of online casinos have been flat or up to high single digit percentages. December was a better month than many recently. None of the six online casino states saw daily average revenue decline. The lowest rate was 5.6% for Delaware, while the fastest was 16.3% for West Virginia. New Jersey is the longest-standing regulated market in the US.
New Jersey's online casinos and poker rooms made $133,212,006 in revenue in November. That's a new state record and a 5% increase over the previous record, set in October. Since the market's inception, there have been more months that set a record than didn't.
New Jersey has been growing at over 20% per year since the market debuted. The summer is flat, whereas the doldrums extend from April to August in a typical year. In the winter, people are less active and gambling activity rises.
In 2020, the COVID pandemic affected the online gambling market. When retail casinos reopened, gamblers didn't stop playing online. The market has been performing normally, just bigger than before. The increase in the market coincides with casino reopenings or relaxed restrictions. COID measures are stricter in winter and looser in summer. It's because the virus spreads more easily in cold temperatures.
Gross revenue from Michigan online casinos and sportsbooks reached $121,760,593 in December. Market leader BetMGM Casino increased its daily average by 10.9%, increased market share by half a percentage point, and increased 62.5% from November to December since September. Caesars increased their market shares by 62% since the rebranding.
Pennsylvania's online casinos and poker rooms set a new record for iGaming revenue at $127,634,008. The increase was 7.9% on average. There weren't any changes in market share in the Keystone State. Penn National remains the largest license by a wide margin.
Parx, Mount Airy, Caesars, PlayLive! and Wind Creek had strong months. Mohegan Sun and Presque Isle saw revenue drop in December.
Connecticut's online casinos grew by 6.5% in December. Both Mohegan Sun and DraftKings cut back on their promotional spending. The Draft Kings/Foxwoods partnership is still the more dominant of the two operators.
December's daily average revenue for West Virginia online casino market rose 16.3%.
Greenbrier saw the smallest growth in revenue.
Mountaineer saw an increase of 19%, while Hollywood did better still at almost 30%.
Delaware Lottery and its technology partner 888 Holdings have jointly-operated online casinos that brought in $1,087,871.
2021 Online Casino Revenue Figures Return To Pre-Pandemic Trends.
West Virginia reports revenue weekly, not monthly. Pennsylvania's numbers include promotional deductions for table games and poker. OPR uses gross gaming revenue figures. Alex is a journalist from Dartmouth, Nova Scotia, Canada.
West Virginia reports revenue weekly, not monthly. OPR uses gross gaming revenue figures. Pennsylvania's numbers include promotional deductions for table games and poker.