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State of Play
- US online casinos are on track to break the $1 billion monthly gross revenue barrier for the first time this month.
- This milestone follows a strong October revenue record across key states, signaling robust growth in the online gambling market nationally.
In October, US online casinos collectively generated a record-breaking $969.7 million in gross revenue, nearly $60 million above the previous high.
This notable achievement was driven primarily by the three major markets of Pennsylvania, Michigan, and New Jersey, which accounted for $851.3 million of the total.
Each of these states set new revenue records.
Highest revenue numbers usually seen in December
Historically, the final quarter of the year results in the highest revenues. Revenue for October alone was $220.7 million at Michigan online casinos, $213.6 million at New Jersey online casinos, and $245.2 million at online casinos in Pennsylvania.
Crossing the $1 billion threshold is significant, marking a maturation of the online casino market. The growth trends in the top three states strongly influence the overall national market, with other states following similar patterns.
While November records show continued gains, the needed 3.1% increase to reach $1 billion in December aligns well with average quarterly growth rates exceeding 10%. This milestone signals expanding player engagement and potentially greater investment opportunities, reinforcing the vitality of online gambling across regulated US states.
Based on reporting by Drew Ellis for SBD.
