US Online Casino Revenue Breaks $900 Million in March 2025

NCAA Tournament, one of the largest annual sports betting events in the United States. This event drew more casual sports bettors, expanding the audience for online casinos as operators strategically cross-promoted their platforms alongside mobile sports wagering.

Key State Contributions to the Revenue Boom

Among the seven US states with regulated digital casino platforms, Pennsylvania, Michigan, and New Jersey stood out by setting all-time monthly revenue records. Michigan and New Jersey also saw impressive gains, topping $240 million in gross revenue and $235 million in adjusted gross revenue.

Even smaller states like Connecticut and West Virginia made significant contributions. In Connecticut, FanDuel and DraftKings brought in $57.7 million in combined gross revenue, reflecting a 30.3% year-over-year increase. West Virginia’s operators, including FanDuel, BetMGM, and Golden Nugget, collectively earned $36.4 million, marking a 51.9% increase from the previous year.

Benefits for State Governments

State governments also reaped the rewards of the online casino boom. A total of $177.1 million was collected in taxes from the seven regulated states, a substantial increase of $41.1 million compared to the previous year. This revenue came from a combined adjusted gross revenue of $827.6 million, providing a financial boost to state budgets.

In addition to these larger states, smaller markets like Delaware and Rhode Island showed strong performances. Delaware’s BetRivers, for example, generated $10.3 million in gross revenue, nearly double its performance in March 2024. Rhode Island, under Bally’s monopoly, saw a remarkable surge in its online casino revenue, increasing by more than four times compared to the previous year.

Wagering Figures and Projections for Continued Growth

Total wagers in March 2025 across the five states—Pennsylvania, Connecticut, West Virginia, Delaware, and Rhode Island—reached $10.9 billion, a 28.5% increase from the previous year. Pennsylvania alone ed for $7.9 billion of this total, significantly contributing to the overall growth. Experts predict that the total wagers across all seven states could exceed $25 billion by the end of the year, with Michigan and New Jersey combining for over $500 million in revenue.

The continued success of online casinos in the United States, driven by cross-promotion and strategic market growth, signals a bright future for the industry. With both major and smaller states contributing to record-breaking revenue, it’s clear that the online gaming sector is expanding rapidly. This growth benefits not only the operators but also state governments, which are reaping the financial rewards.

Source:

US online casino revenue sets record in March, topping $900 million, igamingbusiness.com, May 5, 2025.