US iGaming Continues to Soar as Industry Hits $869M in April

While most US states remain reluctant to launch online casinos, those that have done continue to demonstrate the vertical’s potential. According to the latest report, the seven states where iGaming is legal generated $868.6 million in revenue in April alone, up 32.5% year-on-year.

iGaming Continues to Grow in April Following a Record-Breaking March

According to Casino Reports, the reported figures show that each state offering online gaming experienced a year-on-year growth of at least 25%. The $868.6 million figure corresponds to an increase of over $213 million, highlighting the industry’s rapid growth.

While the April results were slightly lower than the record-breaking $900 million recorded in March, Casino Reports was mostly optimistic about the recent month and the overall future of the industry.

The iGaming states, with the exception of Michigan and New Jersey, had a total gaming handle of roughly $10.2 billion. For reference, Michigan and New Jersey do not provide official information about the money spent by players. Pennsylvania was singlehandedly responsible for approximately $7.5 billion of the total handle, while Connecticut surpassed $1.6 billion in handle once again.  

Casino Reports added that taxable operator revenue reached $787.9 million in April, resulting in $169.3 million in taxes, up $43.9 million from April 2024. This figure, however, does not include local taxes and tribal disbursements.

Revenue Skyrocketed Across the Board

As mentioned, Pennsylvania and Connecticut fared very well, demonstrating stable iGaming growth. Pennsylvania, for example, reached $282.8 million in iGaming revenue, making it the top online casino state. Connecticut, on the other hand, saw increased competition between FanDuel and DraftKings, which resulted in $31.6 million in gross revenue, up 38.3% year-on-year.

Michigan and New Jersey, on the other hand, reported revenue of $248.1 million and $235.2 million, respectively.

Delaware and Rhode Island didn’t fare much worse and experienced explosive growth in revenue. BetRivers, which is Delaware’s iGaming operator, recorded $9.9 million in gross revenue, representing an almost twofold increase from April 2024. Bally’s, which is Rhode Island’s sole iGaming provider, fared even better as its revenue almost tripled to $9.9 million.