March saw online casino revenue in Michigan, Pennsylvania, and New Jersey pass the $300 million mark. The three central online gambling states fell just shy of repeating the feat in April ($295 million), before blasting past $300 million again in May ($304 million).
For perspective, in the three states, legal sports betting, the gaming industry’s golden goose, tallied $103 million in April and $111.5 million in May. For even more perspective, the three state’s combined retail and online sports betting revenue fell shy of New Jersey’s online casino revenue and just ahead of Pennsylvania and Michigan.
The disparity is even more striking in a visual format, as seen in the chart below, based on revenue reports issued by the New Jersey Division of Gaming Enforcement, Pennsylvania Gaming Control Board, and Michigan Gaming Control Board.
Three Questions Going Forward
Online casino outperforming sports betting raises three questions:
Why is online gambling lagging sports betting when it comes to legalization?
Is online the future of gambling, and what does that mean for the retail casino industry?
Are the spread and 24/7 availability of online gambling positive developments?