Rise In US Online Poker Revenue In July

Rise In US Online Poker Revenue In July

July has been a great month for New Jersey, Pennsylvania, and Delaware, as the states have seen a substantial increase in poker revenue from June. Going off past figures, July is typically a poor month with regards to US online poker revenue. However, the month has instead produced more positive news this year.

It’s possible that many other US states also had a great month this year. However, Nevada does not publish their information to the public. Michigan also publish their poker growth and iGaming revenue together, so we are unable to see if this state’s poker revenue increased or not. The iGaming industry has also thrived over July for New Jersey, Pennsylvania, and Delaware.

Impact Of The Pandemic

Despite these positive numbers, the online poker market is still trying to reach numbers from July 2020. Due to the coronavirus pandemic hitting the world hard last year, all land-based casinos were forced to close their doors temporarily. This lockdown meant that the online poker market was thriving, but since then, casinos have reopened, and online numbers have been unable to teach those levels again. 

Figures

Below are the online poker and iGaming industry figures from Delaware, New Jersey, Pennsylvania, and Michigan from June and July 2021. We have also included the statistics from July 2020 for comparison. 

Delaware

Online poker:

  • July 2021 – $31,999.83
  • June 2021 – $33,308.95
  • July 2020 – $62,603.99  

Month-on-month – 4.1% increase

Year-on-year – 49% decrease

iGaming:

  • July 2021 – $793,017.16
  • June 2021 – $843,117.81
  • July 2020 – $705,532.70

Month-on-month – 7.4% decrease

Year-on-year – 12.4% decrease

These figures, published by the Delaware lottery, show a slight struggle in July in online poker and iGaming, with the latter’s sector revenue down for the second month in a row. Despite the overall dip, Delaware has seen a massive rise in new online account registrations, with new registrations increasing 38% from June to July, as well as year-on-year registrations seeing a 42.4% increase.

New Jersey

Online poker:

  • July 2021 – $3,072,756
  • June 2021 – $2,209,374
  • July 2020 – $4,818,561

Month-on-month – 39.1% increase

Year-on-year – 36.2% decrease

iGaming:

  • July 2021 – $118,685,095
  • June 2021 – $107,059,938
  • July 2020 – $87,492,952

Month-on-month – 10.9% increase

Year-on-year – 35.7% increase

New Jersey has seriously struggled since the massive rise during the 2020 pandemic, yet July saw a little normality restored. Sports wagering fell 23% from June to July. However, the overall New Jersey gambling market saw an increase, with both online poker and iGaming, rising 14.7% from June and up 70.4% over the entire year. This increase took the books to $450,551,514.

Pennsylvania 

Online poker:

  • July 2021 – $2,596,418
  • June 2021 – $2,417,679
  • July 2020 – $2,986,498

Month-on-month – 7.4% increase

Year-on-year – 13.1% decrease

iGaming:

  • July 2021 – $88,681,608
  • June 2021 – $88,914,664
  • July 2020 – $54,352,149

Month-on-month – 0.3% decrease

Year-on-year – 63.2% increase

Pennsylvania’s entire gambling market hit a record high in July, with both land-based and online gambling. The total revenue was up 8.9% from June to $423,657,956 and up 49.68% for the year. 

Despite Pennsylvania’s online poker sites seeing a decrease in profits in July, the introduction of WSOP.com via Harrah’s Philadelphia brought overall revenues up from the low of June. However, the opposite of this took place for iGaming, as revenues dropped slightly in July but increased over the year. iGaming tables decreased 12.2%, but slots saw a rise of 4.6%.

Sports betting was also down as July is often quiet in the world of sports, seeing a 28% handle decrease and a 42% revenue decrease. Although, year-on-year revenue has improved by over 143%, proving not all is bad in Pennsylvania in July.

Michigan

Internet Gambling Gross Receipts:

  • July 2021 – $92,311,368.02
  • June 2021 – $89,214,138.23

Month-on-month – 3.5% increase

Due to iGaming only launching this year in Michigan, there are no yearly comparisons, but we know July was one of the best months for the industry so far. March remains the year’s highest for total gross receipts and May the highest for adjusted gross receipts.

Adjusted gross receipts came close to recovering the significant 25.7% dip in June, with a 25.6% increase in July. However, that month, state tax payments rebounded nicely with a 24.5% increase to over $17 million, after the 24.3% drop between May and June.

Summary

Here at BestAppBet, we have provided you with the best US online casinos and sportsbooks, where US bettors can play and bet on various sporting events and classic casino and poker games. Let’s make August an even better month in these states by getting involved in online poker and iGaming yourself.

Since the overturning of PASPA in 2018, numerous US states have now legalized sports betting and online casino games. If you are still unsure what is currently legal in your state, visit our website’s state page to see the legal gambling status in your state. 

So visit BestAppBet today, sign up, and claim great bonuses to make August the best month yet in these state

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