ATLANTIC CITY, N.J., July 27, 2022 /PRNewswire/ — Results from the first half of 2022 are in and according to gambling revenue numbers released by the New Jersey Division of Gaming Enforcement and the Michigan Gaming Control Board, compiled by OddsSeeker.com: NJ online casino & poker sites generated $814,519,523 in revenue versus $757,024,184 for Michigan online casino & poker sites in the first half of 2022.
Adjusted for population
New Jersey: $87.89 Gambling Revenue per capita (9,267,130 population – 2021 Est. Census.gov)
Michigan: $75.31 Gambling Revenue per capita (10,050,811 population – 2021 Est. Census.gov)
*Population data from https://www.census.gov/
While online gambling is relatively new to Michigan (started in January 2021 compared to Nov 2013 for New Jersey), the rapid growth of the industry exposes incredible pent-up demand that likely exists across many states where online gambling is yet to be legalized.
“Based on the year over year growth trajectory for New Jersey, since inception, it seems clear that Michigan will inevitably pass New Jersey in online gambling revenues and become the largest and most important betting and iGaming market in America.” said Frank Weber, Sports Editor at OddsSeeker.com
NJ online casino sites set a new revenue record of $140,655,053 in March ’22 which helped them stay ahead of Michigan online casinos in the first 6 months of 2022. And while the revenue between the states remains neck-and-neck, it’s good to note that both states’ revenues have contracted over the past two months.
With an economic downfall looming and the summer lull in full effect, it’s no surprise revenues continue to fall. The question that still remains is; will online gambling sites continue to grow throughout the year, especially with Football season gearing to kick-off shortly?
New Jersey and Michigan Online Casino Revenue by The Numbers – 1st Half 2022 ($ In Millions)
Here is the full breakdown for New Jersey and Michigan online casino revenue for the first half of 2022:
New Jersey Online Gambling Revenue (H1 2022)
|
Licensee |
June |
May |
April |
March |
February |
January |
|
Borgata |
$40,542,945 |
$42,587,342 |
$39,928,794 |
$41,362,030 |
$37,831,314 |
$39,108,303 |
|
Golden Nugget Atlantic City |
$35,705,464 |
$34,603,763 |
$38,142,387 |
$38,280,684 |
$34,560,269 |
$36,485,877 |
|
Resorts Atlantic City |
$28,086,670 |
$29,790,063 |
$29,136,201 |
$30,844,754 |
$29,902,791 |
$33,023,836 |
|
Caesars Atlantic City |
$9,376,577 |
$9,660,690 |
$9,413,282 |
$10,364,996 |
$10,066,088 |
$10,045,743 |
|
Tropicana Atlantic City |
$6,984,352 |
$8,036,004 |
$9,086,897 |
$9,933,592 |
$9,099,668 |
$9,627,849 |
|
Hard Rock Atlantic City |
$6,014,254 |
$5,781,870 |
$6,530,176 |
$5,719,362 |
$6,045,686 |
$6,447,054 |
|
Bally’s Atlantic City |
$4,076,804 |
$3,357,262 |
$2,967,824 |
$2,349,866 |
$1,349,525 |
$1,907,261 |
|
Ocean |
$2,351,737 |
$2,199,468 |
$1,677,837 |
$1,799,769 |
$1,120,750 |
$1,203,793 |
|
Total |
$133,138,803 |
$136,016,462 |
$136,883,398 |
$140,655,053 |
$129,976,091 |
$137,849,716 |
|
Grand Total |
$814,519,523 |
Michigan Online Gambling Revenue (H1 2022)
|
Licensee |
Brand |
June |
May |
April |
March |
February |
January |
|
MGM Grand Detroit |
BetMGM |
$47,242,774 |
$49,238,654 |
$49,983,301 |
$47,892,742 |
$46,883,965 |
$43,885,956 |
|
MotorCity |
FanDuel |
$18,533,759 |
$20,076,406 |
$21,027,925 |
$22,471,210 |
$19,477,948 |
$17,641,287 |
|
Bay Mills |
DraftKings |
$17,853,313 |
$17,827,598 |
$19,412,955 |
$20,748,960 |
$20,111,744 |
$20,095,684 |
|
Little River |
BetRivers |
$7,590,862 |
$8,855,135 |
$8,867,541 |
$9,669,864 |
$7,869,999 |
$8,226,960 |
|
Grand Traverse |
Caesars |
$5,880,483 |
$6,465,549 |
$6,234,209 |
$4,457,557 |
$4,572,807 |
$4,394,234 |
|
Sault Ste. Marie |
WynnBet |
$4,668,422 |
$6,154,354 |
$5,860,151 |
$4,891,808 |
$4,452,628 |
$5,308,084 |
|
Keweenaw Bay |
Golden Nugget |
$4,354,345 |
$4,137,927 |
$5,201,136 |
$6,000,895 |
$5,740,290 |
$5,989,843 |
|
Greektown |
Barstool |
$4,243,052 |
$3,815,014 |
$4,402,452 |
$5,221,751 |
$3,641,899 |
$4,866,901 |
|
Pokagon |
Four Winds |
$2,807,897 |
$2,818,060 |
$3,070,583 |
$2,774,405 |
$2,486,293 |
$2,192,581 |
|
Little Traverse Bay |
Fox Bet |
$2,368,365 |
$2,462,716 |
$2,706,536 |
$2,606,888 |
$2,628,928 |
$3,109,849 |
|
Saginaw Chippewa |
Eagle |
$2,056,520 |
$1,727,616 |
$2,013,156 |
|||
|
Match-E-Be-Nash-She-Wish |
Play Gun Lake |
$1,694,226 |
$1,436,948 |
$1,347,794 |
$2,336,845 |
$2,430,439 |
$2,244,731 |
|
Nottawaseppi Huron |
FireKeepers |
$1,327,846 |
$1,368,148 |
$986,290 |
$1,110,085 |
$1,066,976 |
$1,145,881 |
|
Hannahville |
TwinSpires |
$471,372 |
$592,700 |
$925,871 |
$750,270 |
$833,500 |
$1,314,135 |
|
Lac Vieux Desert |
PointsBet |
$414,351 |
$408,679 |
$398,111 |
$740,374 |
$578,509 |
$827,377 |
|
Total |
$121,507,587 |
$127,385,504 |
$132,438,011 |
$131,673,654 |
$122,775,925 |
$121,243,503 |
|
|
Grand Total |
$757,024,184 |
||||||
For more information, visit https://www.oddsseeker.com. Data referenced from the MGCB and the NJ DGE.
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