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The end of March Madness signals the end of the juiciest part of the US sports betting calendar. The NCAA Men’s Basketball Tournament follows up on six straight months of the NFL and college football, and that stretch produces some of the most significant sports betting events of the year.
The arrival of spring means a reset for US sports, with MLB and the NBA representing the majority of betting opportunities. That change in the weather for US sports led to a month-to-month decline in sports betting revenue throughout the nation.
Four of the top online sports betting markets in the US still produced plenty of wagers, however, as seen in this month’s Gaming Today online sports betting revenue roundup.
April 2021 Online Sports Betting Handle And Revenue Comparison
| State | Handle | Revenue |
|---|---|---|
| New Jersey | $681,177,434 | $47,475,758 |
| Pennsylvania | $439,065,648 | $21,488,319 |
| Michigan | $249,874,968 | $10,881,564 |
| Indiana | $209,070,980 | $16,609,800 |
New Jersey Online Sports Betting Handle April 2021
| April 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| New Jersey | $681,177,434 | -12.7% |
| 2021 Totals | $3,037,228,452 |
New Jersey Online Sports Betting Revenue April 2021
| Retail Operator | Online Skins | April 2021 Revenue | Month-To-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| New Meadowlands Racetrack | FanDuel Sportsbook, PointsBet | $25,557,938 | -10.7% | $120,866,181 | +209.1% |
| Resorts Digital Gaming | DraftKings Sportsbook, FOX Bet, Resorts | $11,999,751 | -15.2% | $49,605,994 | +93.4% |
| Borgata Hotel Casino | Borgata Sports, BetMGM | $5,193,406 | -19.8% | $23,920,862 | +470.1% |
| Ocean Casino Resort | William Hill Sportsbook at Ocean Casino, Tipico | $1,831,176 | -33.4% | $10,756,395 | +276.3% |
| Darby Development (Monmouth Park) | Monmouth Park Sportsbook by William Hill, SugarHouse, TheScoreBet | $1,753,203 | -22.0% | $8,865,703 | +73.1% |
| Hard Rock Atlantic City | Hard Rock, Bet365, Unibet | $1,068,104 | -22.9% | $4,736,754 | +630.4% |
| Golden Nugget | Golden Nugget, TwinSpires | $202,541 | +81.7% | $453,050 | +74.0% |
| Tropicana Casino & Resort | William Hill Sportsbook Tropicana Atlantic City | $52,922 | -62.9% | $344,246 | +183.3% |
| Boardwalk Regency | Caesars Sportsbook, 888 Sport, WynnSports | -$183,283 | N/A | $1,231,398 | +108.8% |
| Totals | $47,475,758 | -16.1% | $220,780,583 | +181.1% |
New Jersey persists as the gold standard for legal sports betting in the US. The state’s online sportsbooks took more than $681 million in bets in April, topping all other states.
That figure marks a 12.7% drop month-to-month against March, but that’s to be expected with the NCAA Men’s Basketball Tournament driving bug numbers last month. April’s bets put New Jersey over the $3 billion mark in online betting handle for 2021 so far.
New Jersey’s mobile sports betting apps generated just under $47.5 million in April revenue. The New Meadowlands Racetrack license (FanDuel Sportsbook, PointsBet) accounted for more than half of that revenue.
With more than 20 online sportsbooks at the disposal of bettors, New Jersey continues to display what a competitive sports betting market can achieve at full maturity. The April revenue reports from the New Jersey Division of Gaming Enforcement can be viewed here.
Pennsylvania Online Sports Betting Handle April 2021
| April 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Pennsylvania | $439,065,648 | -14.6% |
| 2021 Totals | $2,003,052,580 |
Pennsylvania Online Sports Betting Revenue April 2021
| Retail Operator | Online Skins | April 2021 Revenue | Month-To-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| Valley Forge Casino Resort | FanDuel Sportsbook | $11,070,205 | +6.2% | $43,105,283 | +306.3% |
| The Meadows | DraftKings Sportsbook | $5,437,687 | -9.9% | $22,191,964 | +265.8% |
| Parx Casino | Parx Sportsbook | $1,484,730 | +24.2% | $5,899,205 | +60.6% |
| Rivers Pittsburgh | BetRivers Sportsbook | $1,332,042 | +3.1% | $4,641,697 | +49.6% |
| Hollywood Casino Morgantown | BetMGM | $1,139,054 | -31.5% | $3,414,956 | N/A |
| Rivers Philadelphia | SugarHouse Sportsbook | $879,234 | -3.6% | $3,912,811 | +0.7% |
| Mount Airy Casino Resort | FOX Bet | $720,656 | -20.9% | $4,268,709 | +107.2% |
| Mohegan Sun Pocono | Unibet Sportsbook | $108,658 | -60.1% | $865,486 | +249.6% |
| Presque Isle Downs | BetAmerica | -$31,291 | N/A | -$189,537 | N/A |
| Harrah’s Philadelphia | Caesars Sportsbook | -$82,983 | N/A | $86,635 | N/A |
| Hollywood Casino at Penn National | Barstool Sportsbook | -$102,568 | N/A | $3,585,563 | N/A |
| Totals | $21,488,319 | -17.3% | $90,817,866 | +205.5% |
Pennsylvania cleared the $2 billion milestone in online betting handle for 2021, with bettors in the Keystone State putting in more than $439 million in online bets in April. Mobile betts apps accounted for 91.6% of all sports wagered placed in Pennsylvania in April.
Online sports betting revenue came in at $21,488,319 for April, a 17.3% month-to-month drop compared to March. Total revenue for 2021 went over the $90 million mark, which represents a 205.5% increase year-over-year against 2020.
Pennsylvania is certainly enjoying the wave of an online sports betting boom period when compared to just 12 months ago. FanDuel Sportsbook and DraftKings Sportsbook rule the landscape of Pennsylvania’s online sports betting market, with the two giants of the industry accounting for 71.8% of total 2021 revenue so far.
The April revenue figures released by the Pennsylvania Gaming Control Board can be seen here.
Michigan Online Sports Betting Handle April 2021
| April 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Michigan | $249,874,968 | -30.5% |
| 2021 Totals | $1,026,347,887 |
Michigan Online Sports Betting Revenue April 2021
| Retail Operator | Online Skins | April 2021 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| MotorCity Casino Hotel | FanDuel Sportsbook | $5,226,606 | +4.6% | -$856,503 |
| MGM Grand Detroit | BetMGM | $3,783,311 | -40.7% | $12,557,051 |
| Greektown Casino Hotel | Barstool Sportsbook | $1,175,293 | -67.2% | $5,154,533 |
| Bay Mills Indian Community | DraftKings Sportsbook | $998,295 | -72.8% | -$1,593,587 |
| Little Traverse Bay Bands of Odawa Indians | FOX Bet | $163,175 | +18.3% | $224,767 |
| Sault Ste. Marie Tribe of Chippewa Indians | WynnBET | $89,902 | -63.1% | $297,693 |
| Grand Traverse Band of Ottawa and Chippewa Indians | William Hill | -$8,162 | N/A | $186,807 |
| Hannahville Indian Community | TwinSpires | -$12,190 | N/A | -$332,326 |
| Little River Band of Ottawa Indians | BetRivers | -$28,856 | N/A | -$592,278 |
| Keweenaw Bay Indian Community | Golden Nugget Sportsbook | -$43,215 | N/A | -$40,075 |
| Pokagon Band of Potawatomi Indians | Four Winds Sportsbook | -$107,524 | N/A | -$176,641 |
| Lac Vieux Desert Band of Lake Superior Chippewa Indians | PointsBet | -$355,073 | N/A | -$958,178 |
| Totals | $10,881,564 | -42.7% | $13,871,261 |
The first few weeks after the January 22 online sports betting launch in Michigan saw customer acquisition promo credits outweighing revenue. Many of the state’s mobile sports betting apps have climbed out of that negative revenue hole, however.
Combined revenue across Michigan’s 12 online sportsbooks came in at $10,881,564 for the month. Mirroring the trend seen in other top sports betting markets, April revenue took a 42.7% slide when compared to March.
Michigan’s online sportsbooks took just under $250 million in wagers for April. While some other states haven’t reported April handle yet, it appears Michigan will clock in as a top-five US market in terms of April online betting handle.
FanDuel Sportsbook and BetMGM have emerged as the top choices for Michigan’s mobile sports bettors. The competition is fierce among the rest of the pack, with DraftKings Sportsbook and Barstool Sportsbook both posing a threat to take one of the top two spots in the Michigan market.
The April revenue figures from the Michigan Gaming Control Board can be viewed here.
Indiana Online Sports Betting Handle April 2021
| April 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Indiana | $209,070,980 | -25.1% |
| 2021 Totals | $1,020,480,063 |
Indiana Online Sports Betting Revenue April 2021
| Retail Operator | Online Skins | April 2021 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Ameristar Casino | DraftKings Sportsbook, theScore Bet | $6,233,533 | -28.7% | $28,393,465 |
| Blue Chip Casino | FanDuel Sportsbook | $5,686,723 | -16.1% | $25,645,728 |
| Belterra Casino | BetMGM | $3,074,269 | -14.5% | $12,553,172 |
| Hollywood Lawrenceburg | PointsBet | $794,476 | -52.1% | $5,099,520 |
| French Lick Resort | BetRivers Sportsbook | $381,975 | -53.9% | $2,529,495 |
| Tropicana Evansville | William Hill | $378,830 | -56.9% | $2,386,252 |
| Rising Star Casino | TwinSpires | $38,277 | -3113.9% | $54,272 |
| Horseshoe Hammond | Caesars Sportsbook, Unibet | $21,717 | -84.6% | $345,180 |
| Totals | $16,609,800 | -26.6% | $77,007,084 |
Online sportsbooks in the Hoosier State took more than $209 million in bets in April. That figure puts Indiana over the $1 billion online handle mark for the year, and the state is on pace to generate more than $3 billion in online bets in 2021.
Indiana generally realizes a bigger portion of overall bets coming from retail sportsbooks when compared to other states. The mobile share of overall handle keeps creeping up however, coming it at over 88% for the third consecutive month.
Mobile sports betting apps produced more than $16.6 million in April revenue. DraftKings and FanDuel stand as the top two online sportsbooks in the Indiana market, followed by BetMGM.
April’s figures from the Indiana Gaming Commission can be viewed here.
