U.S. Online Casino Revenue Totals $868.6 Million in April, Up 32.5% From 2024

The seven states that allow regulated online casino gambling generated $868.6 million in April, with each demonstrating at least a 25% year-over-year increase.

The cumulative increase from April 2024 was 32.5%, totaling more than $213 million. There was minimal drop-off in April following a record-breaking March of more than $900 million in operator revenue. Connecticut established a new milestone for the second consecutive month.

The known wagering handle totaled $10.2 billion, as Michigan and New Jersey do not report monthly drop numbers. Pennsylvania accounted for more than $7.5 billion of that total, while Connecticut cleared $1.6 billion for the third time in four months.

Taxable operator revenue totaled $787.9 million in April, with the state claiming $169.3 million of that total. That number, which increased by $43.9 million from the previous year, excludes municipal taxes and tribal payments.

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Focus on Connecticut

The Nutmeg State is effectively a duopoly, with DraftKings and FanDuel competing for customers’ attention and funds. DraftKings has been active in the previous two months, with a near-$11 million promotional spend in April, the second consecutive month in eight figures and an all-time record. It also contributed to approximately 1.4% of the total $816.4 million loss.

That outlay, plus some success on the virtual felt and slots via an all-time best hold of 3.9%, contributed to a record haul of $31.6 million in gross revenue. That was up 38.3% from last year and nearly $3.2 million higher than its short-lived best of $28.4 million set in March.

Courtesy: https://igamingexpert.com/, https://www.igbnorthamerica.com/, https://gamingamerica.com/news/