July 2021 Online Gambling Revenue: NJ Back To Setting Records

Author: Live Casino Direct
 
July 2021 Online Gambling Revenue: NJ Back To Setting Records
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New Jersey's online casinos earned $118,685,095 in July. The previous record dates back to March. Michigan and Pennsylvania saw almost no change in daily average revenue. Delaware has been declining for several months.

Daily average revenue for NJ online casinos amounted to $3,729,430 in July. The previous record was $ 3,579,654 in March. Since January 2019, there have only been eight months which failed to set a state record for online casino revenue. Sports betting in the state is growing year-over-year. Online poker has been stagnant for years. It enjoyed a brief boom due to casino closures. In the fall and early winter, sports betting is also growing in New Jersey.

Michigan online casinos and poker rooms stabilized in July after a dip in June. Gross gaming revenue for all sites increased by 3.5% to $92.3 million. Daily average revenue was essentially unchanged from June, but the top three operators, BetMGM, DraftKings and FanDuel, all continued to slide slightly. Second tier operators BetRivers, Golden Nugget and WynnBet increased their combined revenue 20% month-over-month. Live dealer gaming in Michigan launched on July 22.

July was a stable month for Pennsylvania online gambling revenue. The total revenue for PA online casino and online poker sites for the month rose 3.6% from June. WSOP Pennsylvania launched in July and it made $241,691 in revenue, but it was operating for only the second half of themonth.

West Virginia recently concluded its first fiscal year of online casino gambling. The market has grown to include five operators sharing three licenses. Greenbrier's two skins earned a combined $2.75 million, while Hollywood brought in $ 2.09 million and Mountaineer about $0.45 million.

Delaware's online gambling revenue has been volatile over the past year. It enjoyed a huge spike in online casino revenue in spring 2020 when COVID-19 shut down all land-based gaming. Since then, it has declined dramatically. July was the third consecutive month of negative growth. Slots were responsible for all that loss, dropping over 13%. Poker revenue increased slightly and table games by a more significant 16.5%.

July 2021 Online Gambling Revenue: NJ Back To Setting Records. Monthly total iGaming revenue by state.

Gross gaming revenue is the best estimate of such revenue. It includes both online casino and online poker. It does not include sports betting, instant online lottery or any retail gambling products.

Gross gaming revenue is the sum of wagers collected and winnings paid out. It includes both online casino and online poker. It does not include sports betting, instant online lottery or any retail gambling products.

OPR is scaling back the level of state-by-state detail in its revenue coverage.

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