US online casino revenue sets record in March, topping $900 million
The old adage is “records are meant to be broken”, but when it comes to March and online casino revenue, the word to use is not “broken” but “smashed”.
Operators in the seven US states with regulated digital casino platforms combined to generate a whopping $905.6 million in gross revenue, a robust 26.2% increase from last year.
March is a month when most operators will cross-promote online casino play with mobile sports wagering. The NCAA Tournament draws newer and more casual sports bettors as the largest annual sports betting event in the US that spans multiple weeks, attracting a wider audience that can potentially be introduced to other gaming verticals.
All seven states reported year-over-year increases of 20% or higher in gross or adjusted gross revenue and all seven set a monthly all-time high in either or both categories. Pennsylvania platforms even flirted with $300 million in gross winnings, a figure arguably inconceivable at the end of 2023, when it first reached $200 million.
The other big beneficiaries of this revenue boom were state governments, which saw a collective $177.1 million reach their coffers in March from $827.6 million in adjusted gross revenue. That figure does not include receipts disbursed below the state level and was a $41.1 million increase compared to last year.
The ‘Small 4’ pull their weight, too
Much was rightly made about the Keystone State, Michigan and New Jersey all setting all-time monthly highs for operator revenue as all three topped $240 million gross and $235 million AGR. Pennsylvania platforms grossed $291.6 million while its $238.2 million AGR was more than the $230.6 million it grossed in March 2024.
It is tough to reach a national record, however, without similar growth across the other four states.
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