The United States Igaming Revenue Report – August 2025
An overview of igaming revenue in Michigan, New Jersey, Pennsylvania, Connecticut, West Virginia, Delaware, and Rhode Island, the seven states where online gambling is legal in the US.
National
Total igaming revenue for August 2025 in the seven igaming states added up to US$837.5 versus US$686.7 million in August 2024. Michigan, New Jersey, West Virginia, and Delaware set new records for monthly icasino revenue.
1. Michigan
Michigan’s online casinos generated US$263 million in August, breaking the record of US$260 million set in March. Michigan also surpassed US$9 billion in iGGR since launching online casinos in January 2021, not even five years ago.
2. New Jersey
New Jersey’s igaming revenue for August 2025 was US$248.4 million; like Michigan, it set a new record, breaking the old one set a month earlier in July at US$247.3 million. It was also exactly $50 million more than the take in August 2024 of US$198.4 million.
3. Pennsylvania
For August 2025, Pennsylvania’s igaming revenue reached US$231.2 million compared to August 2024, when revenue was US$183.8 million. Online slots accounted for US$179.4 million, table games US$49.4 million.
4. Connecticut
Connecticut’s total igaming revenue for August 2025 was US$49.8 million, with FanDuel accounting for US$24.9 million and DraftKings US$24.7 million. That was the third-highest total in Connecticut’s igaming history and compared to last year’s US$37.9 million.
5. West Virginia
Like Michigan and New Jersey, West Virgina also set a new revenue record for igaming in August at US$32.8 million. It surpassed the previous US$30.1 million set in March and compared to the US$19.9 million year over year. It’s the seventh of eight months so far in 2025 that have sustained more than 50% year-over-year revenue increases.
6. Delaware
Delaware’s internet casinos recorded a win of US$9.3 million compared to last year’s US$5.7 million. Delaware was also the fourth out of six states that set a new revenue record, beating the previous high of US$7.7 million set last December.
7. Rhode Island
Rhode Island’s igaming revenue, monopolized by Bally’s, generated US$4.8 million in August compared to US$3 million in August 2024.
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The Backstory
Setting the stage for an igaming breakout
Online casino revenue in the United States has accelerated over the past year, setting repeated records in a small but fast-growing map of seven legal states. That climb began in earnest late last year, then pushed through new highs this summer. The pattern is clear in monthly ledgers that show fresh peaks in Michigan, New Jersey, Pennsylvania, and smaller markets that often get less attention yet now punch above their weight. The current moment is the product of that compounding growth, a competitive sprint among national operators, and a widening acceptance by state treasuries that see steady tax dollars in an otherwise volatile gaming cycle.
Records reset to close 2024
The late-year surge provided the base case for 2025. In December 2024, four states posted all-time monthly highs and the seven-state cohort combined for $778.6 million in revenue, according to the December 2024 revenue report. Michigan led with $244 million, eclipsing its November high. New Jersey reached $228 million, aided by strong showings from Golden Nugget, Resorts Digital, and Borgata/BetMGM. Pennsylvania set a then national record at $223.7 million, with Hollywood Penn National and Valley Forge out front. West Virginia also hit a new watermark at $27 million. Delaware’s revamped market under Rush Street Interactive produced $7.7 million, establishing apples-to-apples comparisons going forward after a platform change early in 2024.
The fiscal implications were just as striking. Pennsylvania collected $98.2 million in taxes for December. New Jersey gathered $34.1 million, taking internet gaming tax receipts for 2024 to $358.3 million. Michigan operators paid $45.9 million, with Detroit and tribal governments receiving defined shares under state law. Those disbursements hardened state-level support for a product that proved resilient in the holiday quarter while retail casinos navigated uneven foot traffic.
Momentum, then seasonal gravity in early 2025
January 2025 extended the arc. The seven-state total hit $762.2 million, propelled by another Michigan record at $248.2 million, as detailed in the January 2025 report. New Jersey booked $221.6 million. Pennsylvania posted $210.1 million, with slots contributing the majority. Delaware recorded its first clean year-over-year under BetRivers at $7.9 million. Even Rhode Island, a monopoly model under Bally’s, set a then record in December and was estimated at $3.5 million in January pending the state’s lagged release.
February introduced a familiar seasonal dip yet held year-over-year gains. The combined tally slipped to $711 million, but every major state still beat its 2024 comp, as shown in the February 2025 report. Michigan cooled to $209.1 million from January’s peak. New Jersey delivered $207.8 million, one of the rare months where internet gaming surpassed brick-and-mortar GGR. Pennsylvania landed at $207.6 million. Connecticut rose to $51.9 million, reflecting steady expansion from DraftKings and FanDuel’s casino skins. West Virginia matched its second-highest month at $24.9 million, underscoring how smaller markets can compound quickly once supply and promotion align.
The tax line remained consequential. Pennsylvania collected $91.8 million in February, New Jersey $33 million. Michigan’s operators paid $42.3 million with defined allocations to the state, Detroit, and tribal governments. Those flows signaled that even modest month-to-month revenue softness can still translate to dependable public receipts once markets scale.
Summer acceleration and a new national ceiling
By midyear, the sector reasserted its uptrend. In July 2025, the seven-state cohort hit $817.6 million, according to the July 2025 report. New Jersey set a new monthly record at $247.3 million, its fourth straight month above $230 million. Michigan crossed $250.5 million, the third time over a quarter-billion. Pennsylvania reached $228.2 million. Delaware more than doubled its prior-year comparison at $9.4 million, with online video lottery games driving most of the take. West Virginia logged $29.2 million, its third-highest total on record. Tax collections mirrored the growth, with New Jersey pulling in $48.9 million and Pennsylvania $67.4 million in the month.
Then came August’s breakout. The seven-state total surged to $837.5 million and four states set fresh records, per the August 2025 report. Michigan hit $263 million and surpassed $9 billion in cumulative gross revenue since its January 2021 launch. New Jersey edged its July mark at $248.4 million, exactly $50 million above August 2024. Pennsylvania posted $231.2 million. West Virginia notched a new peak at $32.8 million, its seventh month in eight with 50% or more year-over-year gains. Delaware broke its high at $9.3 million. Connecticut’s $49.8 million was the state’s third-best month. Even Rhode Island, though small, advanced to $4.8 million, up from $3 million a year earlier.
The throughline: broader consumer engagement, more titles in market, and sharper cross-sell strategies from sportsbook to casino. The state patchwork did not dampen momentum. It concentrated it.
Competition, promotions, and platform shifts reshape share
Operator tactics also helped set the table for today’s landscape. A notable example came with Fanatics Betting and Gaming’s push into online casino, launching in Michigan, Pennsylvania, West Virginia, and New Jersey with a $2 million sweepstakes and weekly prize drops, as detailed in coverage of Fanatics Casino’s launch. The company paired a deep promotional calendar with in-house table games and a growing portfolio from major studios. Fanatics said its casino arm was the fastest-growing operator by GGR rate among peers over $10 million in revenue in late 2024. While promotional intensity raises near-term costs, it can lift engagement and expand the addressable base for cross-sell, a lever that often shows up in subsequent revenue reports.
Elsewhere, platform transitions created step-change growth. Delaware’s switch to BetRivers in Jan. 2024 effectively reset the market. By January 2025, the state posted $7.9 million and has sustained higher monthly levels since, as documented across the January, February, July and August reports. West Virginia’s climb has been broad-based across eight operators, with recurring record or near-record months pointing to product depth and sustained promo spend.
The stakes as legalization stalls and budgets tighten
Only seven states currently permit online casinos. Yet the revenue base is closing in on a $10 billion annualized run rate if recent months hold. That creates a dilemma for lawmakers in larger states still on the sidelines and for regulators balancing responsible play with a clear tax upside. The December through August streak shows that once a market matures, monthly downshifts like February’s are modest and tax flows stabilize. The December 2024, January, February, July and August tallies trace that resilience across different economic and seasonal backdrops.
For operators, the summer highs validate investment in local partnerships, exclusive content, and loyalty ecosystems that move customers between sportsbook and casino. For states, the choice centers on capturing taxable activity now migrating to regulated apps in neighboring markets. The past nine months show how quickly revenue compounds once access, product, and promotion align. That is the backdrop for the latest developments, and the bar they must clear.
