Simona Boshkova | Published 19 May 2020, 9:18 a.m.
There have been a couple of gambling news in a number of US states. Yesterday we reported on the sports betting situation in Louisiana, which is likely to put forward a proposal to vote on the legalisation of sports betting. So far, some types of gambling in Louisiana are already legal, so it is expected that sports betting is the next in line. Moreover, it seems that Maryland is the next state to legalise sports betting, where citizens will be able to vote in November and decide whether they want legal sports betting in their state.
In terms of gaming revenue records, it was reported that Pennsylvania and New Jersey broke their records in March revenue. The March revenue of these states was pretty increased, just before the spring online championships. However, Pennsylvania’s online gaming revenue almost doubled in April and the state saw record numbers.
Online gaming revenue increased by over 70%
Online casino gaming, which includes slot machines, table games and poker, was launched in Pennsylvania in July 2019. In April 2020, online gaming revenue in this state increased by 73.2% from March 2020.
The online gaming numbers from March showed revenue of $24m, while the April numbers are more than $43m. Most of the profit comes from online slot machines, with revenue doubling from $12m in March to $27m in April. In addition, table games reported growth with revenue up 19.4% at $10m.
On the other hand, there were a few sports to bet on in April, which led to a decline in April revenue of 58.1% from March. In Pennsylvania, April’s gross sports betting revenue was over $2m, compared with March when it was more than $6m. However, sports are starting to come back, so it is expected that the revenue numbers in this state will increase.
Pennsylvania online gaming revenue numbers should be even higher in May because DraftKings launched an online casino on May 1st. Apart from Pennsylvania, New Jersey, Delaware and Nevada are the other states that have online gaming options.
Other states with an online gaming revenue increase
Pennsylvania is not the only state which saw online gaming revenue increase in April. Last week, New Jersey also reported a 23.4% online casino and poker revenue increase in April according to the New Jersey Division of Gaming Enforcement. The state had almost $80m in revenue in April, compared to the $64.8m in March.
Furthermore, Delaware also announced huge online gaming success, with revenue of 66% increase from March. According to the Delaware Lottery, April was the biggest month for the state, with a total online gaming income of $856,182, in comparison with March when the numbers were about $514,959.
Speaking of the US casinos, the Rivers Casino in Philadelphia leads the way with over $14m revenue from online gaming in April. It had the highest online slots revenue at $11m and $308,307 in sports betting. Next is the Mount Airy casino which had more than $10m revenue in April. And the last one is the Valley Forge Casino which partners with FanDuel and gained over $1m in sports betting revenue. It also saw nearly $8m in online casino revenue.
Posted in:Editors Choice
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