Pennsylvania Pushes New Jersey Off Top Spot In Online Gaming Revenue

Pennsylvania Pushes New Jersey Off Top Spot In Online Gaming Revenue

New Jersey and Pennsylvania love a good bagel, a good sandwich and a good fight – sometimes all at the same time!

But when it comes to online casinos, Pennsylvania has now dusted its rival and eastern neighbor. The April numbers for online casino and poker room revenue show that Pennsylvania, not New Jersey, is now the top in the US.

Pennsylvania brought in $138 million in April while New Jersey had $136.9 million. By rule, this means that residents of the Keystone State get first access to Jersey Shore beaches this Memorial Day weekend (just kidding).

Big numbers, big truth for PA, NJ online casino revenue

Breaking down the Pennsylvania numbers shows an impressive resiliency with mounting inflation concerns and the lack of a marquee sports event.

Pennsylvania online casino games drew in $135.1 million on $4.2 billion in wagers with poker making up the rest of the $138 million.

New Jersey’s internet gambling revenue of $136.8 was up 27% from April of 2021 and over $100 million more than April 2019. It’s the state’s third-best monthly revenue report behind March ($140.7 million) and January ($137.8 million).

“We keep looking for the ceiling in the online market, but New Jersey still hasn’t hit it,” said PlayUSA’s own analyst Eric Ramsey said in discussing the numbers.

“With inflation eating away at discretionary income, though, it wouldn’t be surprising to finally see a leveling off in the coming months after nearly 10 years of constant growth. But online gaming could also benefit if customers choose to stay home rather than travel to an Atlantic City casino.”

Penn National, which includes DraftKings, BetMGM, Barstool, PointsBet and Hollywood casinos led all Pennsylvania licensees with $54.9 million in gross revenue. Rivers Philadelphia, including PlaySugarHouse, the Borgata and betRivers casinos, came in second at $35.7 million.

The sports betting take

March saw Pennsylvania sportsbooks rake in $715 million in wagers, and that’s attributable to the NCAA basketball tournament. April’s biggest sporting event is Opening Day for Major League Baseball, which doesn’t attract as large a crowd.

Pennsylvania sportsbooks grabbed $572.8 million in ventures, which was 19% more than April 2021.

Sports betting groups earned $49.1 million in gross revenue. Online sportsbooks were responsible for $536.1 million coming in as bets. FanDuel topped the list with $226.6 million coming in and $28.4 million in revenue. DraftKings grabbed $119.1 million in bets and received $5.3 million in revenue.

In New Jersey, sportsbooks reported a total handle of $926.9 million, which was the lowest monthly total since August of 2021. New Jersey operators earned $50.3 million in revenue.

Author: Tyler Gutierrez