Land-based casino – FairOdds Network

April 22, 2025

Pennsylvania gambling revenue reaches record $574.5 million in March

Gambling revenue in Pennsylvania totalled $574.5 million (£429.7 million/€499.7 million) in March, a new monthly record for the state despite declines across sports betting and land-based casinos.

Revenue in March was 3.6% more than in the same month last year and 20.4% above the total for February. The Pennsylvania Gaming Control Board (PGCB) published the latest monthly statistics yesterday (21 April).

Pennsylvania sets new igaming revenue record

Igaming was once again the star of the show in Pennsylvania, generating a record $238.2 million in revenue. This surpassed March of 2024 by 24.7%.

Online slots accounted for $179.5 million of this total, a year-on-year rise of 32.5%. Internet table games revenue also climbed 5.8% to $56.2 million, while online poker revenue was up 3.3% to $2.6 million.

Hollywood Casino at Penn National Race Course and its online gaming partners collected the most revenue. In total, their revenue from online gambling across slots, tables and poker in Mar..

April 22, 2025

Michigan igaming revenue hits record $260.5 million in March

Online gambling revenue in Michigan increased 6.7% during a mixed March, with igaming revenue in the state reaching an all-time high but the sports betting market reporting decline.

Total revenue from online gambling hit $293.5 million (£219.4 million/€255.1 million). This was ahead of March last year and 9.3% more than $268.5 million in Michigan in February 2025.

Data published by the Michigan Gaming Control Board also showed adjusted gross receipts, after promotional spending, topped $260.7 million. The total beat March 2024 by 17.9% and was 10.3% higher than February.

Another igaming record in Michigan

Igaming revenue in March reached $260.5 million. This beat the previous monthly record, set in January, by 5% and surpassed last year by 20.9%.

Adjusted gross receipts from igaming amounted to $246.1 million, another new record and 26.5% higher year-on-year.

BetMGM and MGM Grand Detroit retook the lead with $69 million in total igaming gross receipts. The partnership also herald..

April 17, 2025

New Jersey igaming revenue reaches record $243.9 million in March

Igaming revenue in New Jersey hit a record $243.9 million (£184.2 million/€214.5 million) in March, although the Garden State reported declines across both sports betting and land-based casinos.

Total gambling revenue topped $546.1 million, data released on 16 April from the New Jersey Division of Gaming Enforcement (NJDGE) shows. This beats March last year by 3.7% and is also 12.6% clear of February this year.

As was the case in the first two months of the year, igaming drew the most revenue during March. Land-based casinos have traditionally been the primary source of gambling revenue in New Jersey, but continuous growth in the igaming sector has seen it fall behind in recent months.

Igaming revenue up 23.7% in March

Revenue from igaming during the month was 23.7% higher year-on-year. It is just the fourth time igaming has drawn the most gambling revenue in a single month in New Jersey.

Breaking down the market, $241.3 million of all this revenue came from “other authorised game..

March 25, 2025

European gross gambling revenue tops €123.4 billion in 2024

Gross gambling revenue (GGR) in Europe hit €123.4 billion (£103.1 billion/$133.4 billion) in 2024, a 5% year-on-year increase, according to data from the European Gaming and Betting Association (EGBA) and H2 Gambling Capital.

Published yesterday (24 March), “European Gambling Market – Key Figures 2025 Edition” covers all European Union member states, plus the UK. It includes analysis of provisional data for both the online and land-based gambling markets during 2024.

Online drives gambling revenue growth

Growth was evident across online and land-based gambling activities, but the former saw the steepest increase in GGR. In total, provisional online GGR climbed 11.7% year-on-year to €47.9 billion, or 39% of total GGR for the year.

Gaming accounted for €24.6 billion of this figure, with €23.2 billion attributed to casino-type games, including slots. In total, online casino games drew 45% of all internet gambling GGR during 2024.

Online betting revenue topped €16.2 billion, of which..

March 21, 2025

Massachusetts sports betting handle slips to eight-month low in February

Player spending on sports betting in Massachusetts fell to its lowest monthly amount since July last year during February, although the state was able to report year-on-year growth across handle and taxable revenue.

Total spend by sportsbook customers in February hit $628.2 million (£484.5 million/€578.5 million). This surpassed last year by 15.8% but was 17.6% behind January’s betting handle in Massachusetts.

Data released yesterday (20 March) by the Massachusetts Gaming Commission show online handle topped $618.6 million in February. Retail sportsbooks also processed $9.6 million in total wagers.

As for taxable gaming revenue, this reached $65.6 million. It beat the previous February by 24.7% but was 30.5% less than January’s $94.4 million record haul.

Breaking this down, online betting generated $65.4 million of total revenue. The retail sector was responsible for $205,391 of the overall monthly amount in Massachusetts.

In terms of hold, the statewide figure for February stood ..

March 20, 2025

Michigan sports betting revenue up in February despite lower handle

Gross online sports betting receipts in Michigan increased 50.8% year-on-year in February despite a reduction in player spending, while the state also reported growth within its igaming market.

Combined gross online casino and sports betting receipts in February totalled $268.5 million (£206.4 million/€246.0 million). This is 22.9% more than last year but 18.9% behind January in Michigan.

Figures published on 18 March by the Michigan Gaming Control Board also include adjusted totals for February. Total adjusted gross receipts – after promotional spending – across sports betting and igaming was $236.3 million, up 29.8% year-on-year but 17.9% less than January.

Mixed news for sports betting

Breaking down the data, sports betting gross receipts totalled $46 million, up from $30.5 million last year. Adjusted gross sports betting receipts were 110.9% more than the previous year at $27.2 million.

As for how much players spent, handle for the month was $379.8 million, some 31.6% less tha..

March 19, 2025

Sports betting decline hits Pennsylvania gambling revenue in February

Gambling revenue in Pennsylvania declined 4.4% year-on-year in February, with the state’s sports betting market slipping to its lowest monthly revenue total in three years.

Total commercial gaming revenue in Pennsylvania hit $477.3 million (£367.9 million/€437.6 million). This was short of $499.1 million in February last year and also 9.8% behind January 2025.

Sports betting operators struggle

Breaking down data published yesterday (18 March) by the Pennsylvania Gaming Control Board, the standout figure is another drop in sports betting revenue. The sector has now seen revenue decline for three consecutive months, although February’s drop is perhaps the most striking.

Gross sports betting revenue was just $7.4 million, down 75.3% and the lowest since February 2022 when a $442,847 loss was recorded. Online wagering actually generated $10.4 million in revenue, but a $2.9 million loss from the retail market led to the overall figure being lower.

The decline came despite a 14.4% incre..

March 18, 2025

New Jersey: igaming draws most gambling revenue again in February

Igaming was once again the main source of gambling revenue in New Jersey during February, while overall market revenue in the Garden State increased 5.1% year-on-year.

Total monthly revenue reached $484.8 million (£373.5 million/€444 million). This beats February 2024 but was 12.5% behind January this year, the New Jersey Division of Gaming Enforcement (NJDGE) reports.

Growth was apparent across two of the state’s three core markets, with both igaming and sports betting seeing increases. This was only partially offset by a drop in land-based casino revenue.

Igaming revenue rises 14% in New Jersey

Starting with the primary source of revenue, igaming, revenue increased 14% year-on-year to $207.8 million. This was only the third time that igaming drew the most gambling revenue in a single month in New Jersey.

Breaking this down, $205.4 million came from “other authorised games”, including slots, up 14% from last year. The other $2.4 million was attributed to peer-to-peer poker, a ris..

March 10, 2025

Weekend Report: Sports betting subscription services potential, Choctaws make crypto casino move, Gaming Corps pens Oddsworks deal

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: sports betting subscription services potential, Choctaws eye cryptocurrency in Oklahoma casinos and Gaming Corps targets North America growth with Oddsworks deal.

YouGov: Potential for igaming subscription services

Up first this week, a new survey has highlighted the potential for sports betting subscription services.

Published by YouGov, the report found that a significant number of bettors would consider paying for a subscription. Of those surveyed, 22% said they would be “very likely” to join some form of subscription service.

A further 43% said that would be “somewhat likely” to subscribe, with 44% of those within this category aged 18-34. In comparison, only 18% of bettors were “not at all likely” to sign up, with 10% “not very likely”.

As for why consumers may be interested, 46% said this was due to the opportunity to access exclusive promotions ..

February 21, 2025

Pennsylvania gambling revenue up in January despite sports betting decline

Gambling revenue in Pennsylvania increased 10.9% year-on-year during January despite the state’s sports betting market reporting further declines.

Total market revenue in January amounted to $529.1 million (£417.8 million/€504.7 million). This, according to figures published yesterday (20 February) by the Pennsylvania Gaming Control Board, surpasses $477.2 million in January 2024.

This total does, however, fall 0.8% short of the $533.1 million generated in December.

Online gambling the star of the show in Pennsylvania

Starting with online gambling, revenue here climbed 40.5% year-on-year to $210.2 million. This, however, falls short of the record $223.6 million reported in December last year.

Online slots drew the most revenue in this sector, with the $158.6 million being 44.2% ahead of last year. Internet table games revenue also climbed 32.7% to $48.9million, although online poker revenue dipped 2.3% to $2.6 million.

Spending-wise, consumers wagered some $4.23 billion on online..

February 21, 2025

Massachusetts smashes sports betting revenue record in January

Sports betting revenue in Massachusetts reached a record $94.4 million (£74.6 million/€90.2 million) in January, while monthly handle hit its third-highest monthly total since the state opened its legal market.

Gross gaming revenue for the month was 32.8% higher than the $71.1 million reported in January last year. It also far exceeds the existing Massachusetts monthly record – $75.4 million in September 2024 – by 25.2%.

Data published yesterday (20 February) by the Massachusetts Gaming Commission reveals online sports betting revenue totalled $93.6 million in January. Retail betting also generated $778,953 in monthly revenue.

Incidentally, this bucks the trend of sports betting struggles seen in the industry during January. Pennsylvania, which also posted monthly revenue figures yesterday, reported a 26.4% year-on-year drop in betting revenue.

As for handle, player spending totalled $762.5 million, which beats last year by 17.0%. It is also only 3.3% behind December’s record $788…

February 21, 2025

Sweden gambling revenue edges up to SEK27.85 billion in 2024

Gambling revenue in Sweden increased 2.65% year-on-year during 2024, driven by growth within the country’s commercial online gaming market.

Total gambling revenue in the 12 months to 31 December 2024 hit SEK27.85 billion (£2.07 billion/€2.49 billion/$2.62 billion). This surpasses the SEK27.13 billion reported in Sweden in the previous year.

Figures published by regulator Spelinspektionen yesterday (20 February) highlight igaming as the stand-out market in Sweden. During the 12-month period, online gambling generated SEK17.84 billion in total revenue, an increase of 5.0% from the 2023 total.

Annual revenue from state lottery and slots also increased 2.2% year-on-year to SEK5.72 billion. On top of this, non-profit games and national lotteries revenue climbed 2.6% to SEK3.70 billion.

Casino Cosmopol closures impact clear to see in Sweden

In other parts of the market, the news was somewhat mixed. Land-based commercial gaming, such as restaurant casinos, saw revenue increase by 4.0% to..

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Tag: Land-based casino