How Much Money Did Online US Casinos Make in 2022?

The online casino market in the US saw record-setting revenues through 2022, as the six states with legal iGaming generated massive profits.

US online casinos collected $5 billion in revenue through the year 2022, up 35.2% from the previous year. The availability of online slots and table games, in addition to online casino bonuses offered to new users, in the six states with legal casino apps helped boost financial figures for operators like DraftKings, FanDuel, BetMGM, Caesars, WynnBET, and BetRivers.

See how much money online casinos in the US made in 2022, including a full list of each state’s revenue from highest to lowest.

US Online Casino Revenue Sets New Records Through 2022

Legal online casinos had a pinnacle performance in 2022, collecting upwards of $5 billion in revenue through the year.

New Jersey led the way with a total of $1.66 billion in online casino revenue. Home to Atlantic City and over two dozen online casinos, the wide selection of casino apps with huge catalogs of slots and table games propelled the Garden State to new heights last year. Revenue in NJ online casinos increased by 21.6% compared to the totals set in 2021.

Michigan and Pennsylvania also saw upwards of $1 billion in online casino revenue through 2022, coming in at $1.58 billion and $1.36 billion respectively. MI online casinos saw a 47.8% increase in revenue after 2021, while PA online casinos recorded a 22.6% increase year-over-year.

Smaller states also helped pave the way to the massive $5 billion total figure. Online casinos in West Virginia, in addition to the Delaware online casinos and CT online casinos saw just over $350 million in online casino revenue combined, which . Nevada is the only other US state with some legal form of mobile casino gambling, which is limited strictly to online poker.

These figures are expected to grow significantly through 2023 and continue to set new records each year as legal online casinos expand across the US. States looking for new tax revenue streams are turning to online casinos, even with sports betting already legalized in 33 states and Washington DC.

New Legalized Markets Would Drive Figures Higher in 2023

Massive states like New York, Illinois, Indiana, Maryland, and Iowa are all expected to visit some kind of online casino legislation in 2023. States as large as New York would also bring in over $1 billion per year in online casino revenue, bringing these annual figures even higher.

Stay tuned to Honey Monkey Pineapple as the US online casino market develops in 2023 and beyond. We’re bringing you the latest news on casino app legalization in the largest US markets as this emerging industry continues to grow.