US Online Poker Revenue Up in First Half 2022

Dallas Council Wants To Shut Down Poker Tables 2 Years After Allowing Them

Online poker is currently one of the most popular pastimes in the world. After several governments across the world forced people into lockdown, the pandemic suddenly placed online poker operators front and center. As time has progressed, online poker has continued to become a fascination for many as is evidenced by the continuously growing revenue.

In the first half of 2022, revenue has increased for all the states that offer regulated online poker. Currently, only a handful of states offer legal online poker for cash games. These are Pennsylvania, Delaware, Connecticut, Nevada, Michigan, West Virginia, and New Jersey.

This July, each one of the states that offer regulated online poker recorded monthly growth in the vertical. Almost each of the states also recorded overall iGaming income growth as well. July’s performance was a considerable improvement compared to June 2022 when all states except Delaware experienced a slump in online poker revenue.

Online poker revenue for Connecticut this July

Connecticut legalized its online poker market last year in May and since then, the market has grown from strength to strength. In July, online casinos in Connecticut recorded total revenue of $16.7 million, the state’s best performance since April 2022. April saw online casinos in Connecticut producing approximately $18.5 million, which was the state’s second-best performance since January when it managed to generate $18.8 million.

To date, DraftKings remains the largest operator, recording $9.5 million in revenue. At present, DraftKings controls 57% of the market in Connecticut. FanDuel continues to do its best to challenge its primary competitor as the brand successfully grew its market share t0 43% this July.

The 2 remaining licensed online casino operators, namely the Mashantucket Pequot Tribal Nation and the Mohegan also recorded increases in their revenue. For instance, the Mashantucket Pequot Tribal Nation, which offers mobile betting on the reservation reported a little more than  $11,000 in profits. Mohegan, on the other hand, only produced $726 in online poker revenue.

Online poker revenue for Delaware this July

Delaware may be a small state but that hasn’t stopped the market from reporting consistent online poker progress. The revenue of iGaming in the state hit $1.25 million a record in the state as recorded by the Delaware Lottery.

Delaware Park in Wilmington produced the highest revenue when it managed to produce $16.76 million in handle this July. The second highest producer was Bally’s Dover with its impressive $12.87 million followed by Harrington Raceway & Casino which scored approximately $9.76 million.

Online poker revenue for West Virginia this July

In West Virginia, the revenue numbers received a small bump when the state’s online casinos produced $277,285,728. This was an increase of more than 8% compared to June’s $255,820,886. 

This July, 2 new gambling operators introduced new offerings to the iGaming market in the Mountain State, namely BetMGM and DraftKings. This July, BetMGM Casino debuted live tables in partnership with Evolution gaming. This duo now offers the first private blackjack table in the state in addition to a few more roulette options such as Lightning and Auto Roulette.

One of BetMGM’s biggest rivals, DraftKings Casino, also introduced new live dealer iGaming products including roulette, infinite blackjack, and Baccarat. DraftKings has a partnership with Penn National’s Hollywood Casino at Charles Town.

Online poker revenue for Pennsylvania this July

Online poker revenue in Pennsylvania remained high this July based on reports from the Pennsylvania Gaming Control Board. Online casino operators generated a combined total of 95.8 million in July, which was an increase of almost 7% compared to the same period last year.

The biggest generator in the state as far as online poker is concerned was WSOP PA, which has been operating in the state on the Harrah license. WSOP PA debuted last year in July. Since then, the brand has grown to attain a 27% market share

Online poker revenue for Michigan this July

As per the online betting results shared by casino gambling regulators in Michigan, the iGaming market in the state continues to expand.  commercial and tribal operators in the state produced a collective $148.2 million in online gambling revenue. This was an increase of 8.3% compared to the $136.9 million that was produced in June.

Online casinos managed to generate approximately $126.6 million, which was an increase of close to 5% compared to the $121.5 million that was generated in June. Online sports wagering accounted for the remainder of the revenue, and also rose by at least $9 million. The total sports wagering betting handle in July was $206.1 million, which was a slight drop compared to the previous month’s handle.

Online poker revenue for New Jersey this July

Based on figures shared by the New Jersey Division of Gaming Enforcement, gambling operators in the state produced a total revenue of $480.7 million. This was a rise of almost 7% compared to the $450.6 million that the state produced in July last year. 

This means that for the year to date, the combined gambling revenue reached $2.91 billion. The 9 casinos in the state generated $298.9 million, which was a boost of 8% compared to July 2021 when the state generated $276.9 million. Year to date, the casinos in New Jersey have generated $1.61 billion.

Slot machines produced $215.8 million, which was an increase of 6% with table games producing $83.1 million of the $215.8 million. As for the internet gaming revenue, peer-to-peer gaming produced $2.3 million. As far as the casino properties are concerned, it comes as no surprise that Borgata was the highest revenue generator recording a revenue of $124 million this July.

Final Thoughts

Although Nevada offers legal online poker, the state doesn’t report its revenue in public records. As such, there is no way to report how much growth or decline may have occurred in the first half of the year. One thing’s for sure though- online gaming as a whole has been on the up and up over the last few decades and thus will likely continue as technology advances at an alarming rate.

Author: Erika Woods