All Seven Regulated States Experience Significant Year-Over-Year Growth
In a remarkable display of expansion, all seven states that permit regulated online casino gaming experienced substantial year-over-year increases, each rising by no less than 25%.
In April, these states collectively amassed a staggering $868.6 million in revenue, reflecting a remarkable 32.5% increase compared to the previous year, translating to more than $213 million in additional earnings. This growth follows a record-breaking March, where operator revenue surpassed $900 million. Notably, Connecticut achieved a new benchmark for the second consecutive month.
The total known wagering handle across these states reached an impressive $10.2 billion. Pennsylvania led the way, contributing more than $7.5 billion, while Connecticut marked its third month in a row of surpassing $1.6 billion in revenue.
Tax revenue from operators for April totaled $787.9 million, with states collecting $169.3 million—an increase of $43.9 million from the previous year. This figure does not account for local taxes or tribal distributions.
Spotlight on Connecticut
Connecticut’s online gaming scene is characterized by a fierce competition between DraftKings and FanDuel, creating a duopoly for market share. DraftKings has notably ramped up its promotional efforts, spending nearly $11 million in April—its second consecutive month of expenditures exceeding eight figures, setting a new record. This investment contributed significantly to its reported drop of $816.4 million.
The combination of aggressive promotions and successful gaming strategies—evidenced by an impressive 3.9% gaming hold—bolstered DraftKings to a record gross revenue of $31.6 million in April, a 38.3% increase year-over-year, surpassing its previous high of $28.4 million from March.
Similarly, FanDuel Casino achieved its own record in Connecticut, reporting gross winnings of $29.2 million—which was marginally higher than March. This figure represents a remarkable year-over-year growth of 57.6%. Despite its promotional expenditures exceeding $6 million for the fifth month in a row, FanDuel’s overall spending remained below 1% of its total drop.
Cumulatively, the two brands generated $61 million in winnings—a 47% increase—while the total drop in Connecticut reached $1.6 billion, reflecting a solid 23.1% rise.
For a deeper dive into these developments, you can explore more about April’s online casino revenue here.
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