The seven states that offer online casino gaming combined for $696.8 million in gross revenue for August after Rhode Island released its figures for the month on Monday.
Overall winnings were up 33.3% year-over-year and ranked second all-time behind the $720.4 million accrued by operators in March. Pennsylvania led the group of seven with $225 million in gross revenue, while New Jersey was tops for adjusted gross revenue at $198.4 million.
The states were eligible to levy taxes on $628.2 million in AGR, with $134.5 million being redirected into tax coffers. Adjusted gross revenue increased 32.4% year-over-year as states saw an increase of more than $33 million in receipts.
Big Three Put Up Big Numbers
August marked the sixth time in the last seven months that Pennsylvania cleared $200 million in gross revenue, and the $1.7 billion through the first eight months of 2024 represents a 27.5% increase versus 2023.
Most of the increase came through slot revenue, which reached an all-time high of $179.6 million. That bettered the mark of $177.5 million established in March and was only the second time gross slot winning exceeded $170 million. Adjusted slot revenue topped $1 billion for the calendar year and is on pace to exceed the 2023 full-year total of $1.23 billion by October.
New Jersey's flirtation with $200 million in monthly operator winnings renewed in August with an all-time high of $198.4 million. It was the second straight month revenue cleared $195 million this year and marked the fourth time it exceeded $190 million in 2024.
Resorts Digital had an all-time high of $51 million from its five online skins, though DraftKings represented the bulk of that haul with $43.2 million. The Borgata also made a notable contribution, as its internal platform along with BetMGM each topped $20 million in the same month for the first time since the New Jersey Division of Gaming Enforcement began publishing operator figures in March.
Michigan also eyed the $200 million mark for a second time in state history, coming within $3.4 million of that figure. The $196.7 million total ranked third overall and sent the all-time gross revenue amount above $6 billion since launch in January 2021.
BetMGM continued to retrench itself as the marketplace leader in the state against FanDuel, leading all operators with $52.5 million in gross winnings. Both Caesars Palace Online and BetRivers again continued to show growth in the Wolverine State with all-time revenue highs. Caesars surpassed $12 million in winnings for the first time at $12.6 million, while BetRivers edged over $13 million.
Connecticut Also Ekes Out All-Time High
Connecticut's de facto duopoly of FanDuel and DraftKings continues to hum along, as the online titans keyed a record gross revenue total of $44.6 million for August. The year-best 3.6% hold was key to bettering the record of $44.3 million set in March, as bettors wagered $1.24 billion.
West Virginia had its No. 2 month since launching back in July 2020 with $22.6 million — more than double its $10.6 million in operator winnings 12 months prior. Hollywood Casino Charles Town topped $8 million in revenue for just the second time, while Mountaineer Casino had year-over-year winnings in August more than double to nearly $4 million.
Delaware's first year with BetRivers running its iGaming platform continues to deliver revenue multiples higher than its predecessor, 888 Holdings. The $6.6 million in gross revenues was an all-time best for the third consecutive month, and the $22.3 million in taxes is more than double the $9.6 million claimed for all of 2023.
Bally Bet had another month of incremental revenue improvement in its first year of operations in Rhode Island, coming within $32,200 of $3 million in August. Both gaming verticals, slot and table games, had all-time monthly revenue highs, and slot winnings surpassed $2 million for the first time.
Drop reached an all-time high of $74.6 million, an increase of 10.2% from July as it cleared $70 million for the first time. The $6.4 million in tax revenue through the first six months of operations has more than absorbed the slight year-over-year $189,600 decline in sports wagering taxes.
