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As the US sports calendar appears poised for a return to normalcy, the nation’s top online sports betting markets continue to post big numbers. US-leading markets like New Jersey and Pennsylvania are setting a 2021 pace that projects to top the record-setting revenue numbers of 2020.
The nation’s newest major sports betting hub, Michigan, posted net positive revenues for the first time in March. Other midwest markets, like Indiana and Iowa, surged in March.
This month’s Gaming Today online sports betting revenue roundup takes a look at five of the biggest mobile sports betting markets in the US, each of which released March revenue figures within the last week:
New Jersey Online Sports Betting Handle March 2021
| March 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| New Jersey | $780,145,392 | +13.2% |
| 2021 Totals | $2,356,051,018 |
New Jersey Online Sports Betting Revenue March 2021
| Retail Operator | Online Skins | March 2021 Revenue | Month-To-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| New Meadowlands Racetrack | FanDuel Sportsbook, PointsBet | $28,605,353 | +14.9% | $95,308,243 | +154.4% |
| Resorts Digital Gaming | DraftKings Sportsbook, FOX Bet, Resorts | $14,148,527 | +83.3% | $37,606,243 | +50.2% |
| Borgata Hotel Casino | Borgata Sports, BetMGM | $6,473,417 | +48.1% | $18,727,456 | +356.5% |
| Ocean Casino Resort | William Hill Sportsbook at Ocean Casino, Tipico | $2,750,232 | +40.0% | $8,925,219 | +222.5% |
| Darby Development (Monmouth Park) | Monmouth Park Sportsbook by William Hill, SugarHouse, TheScoreBet | $2,246,659 | -11.6% | $7,112,500 | +44.1% |
| Hard Rock Atlantic City | Hard Rock, Bet365, Unibet | $1,384,832 | +35.6% | $3,668,650 | +506.7% |
| Boardwalk Regency | Caesars Sportsbook, 888 Sport, WynnSports | $721,776 | +127.1% | $1,414,681 | N/A |
| Tropicana Casino & Resort | William Hill Sportsbook Tropicana Atlantic City | $142,633 | +98.8% | $291,324 | +138.6% |
| Golden Nugget | Golden Nugget, TwinSpires | $111,453 | N/A | $250,509 | -5.8% |
| Totals | $56,584,882 | +32.0% | $173,304,825 | +128.4% |
Since coming up just short of the first $1 billion online betting handle month in US history in December 2020, New Jersey’s mobile sports betting apps have settled a bit in the first quarter of 2021. March online betting handle showed a 13.2% month-to-month increase, with New Jersey books taking just over $780 million in online sports bets.
Mobile sports betting revenue increased 32% month-over-month, with New Jersey’s familiar powerhouses at the top of the state’s market. The New Meadowlands Racetrack license (FanDuel Sportsbook, PointsBet) produced more than half of all combined online sports betting revenue in New Jersey in March.
New Jersey is on pace to possibly hit the $10 billion mark in annual betting handle by the end of 2021. While the launch of legal mobile wagering in New York could affect that projection, New Jersey still stands atop the US sports betting industry for now.
The March handle and revenue figures from the New Jersey Division of Gaming Enforcement can be viewed here.
Pennsylvania Online Sports Betting Handle March 2021
| March 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Pennsylvania | $514,336,353 | +9.5% |
| 2021 Totals | $1,563,986,932 |
Pennsylvania Online Sports Betting Revenue March 2021
| Retail Operator | Online Skins | March 2021 Revenue | Month-To-Month Change | YTD Revenue | Year-Over-Year Change |
|---|---|---|---|---|---|
| Valley Forge Casino Resort | FanDuel Sportsbook | $10,420,429 | +42.3% | $32,035,078 | +202.0% |
| The Meadows | DraftKings Sportsbook | $6,033,392 | +101.1% | $16,754,277 | +212.6% |
| Hollywood Casino at Penn National | Barstool Sportsbook | $3,346,796 | N/A | $3,688,131 | N/A |
| Hollywood Casino Morgantown | BetMGM | $1,662,839 | +736.6% | $2,275,902 | N/A |
| Rivers Pittsburgh | BetRivers Sportsbook | $1,291,863 | +75.1% | $3,309,655 | +13.6% |
| Parx Casino | Parx Sportsbook | $1,195,159 | -13.0% | $4,414,475 | +26.9% |
| Rivers Philadelphia | SugarHouse Sportsbook | $912,183 | +20.0% | $3,033,577 | -15.2% |
| Mount Airy Casino Resort | FOX Bet | $911,248 | +5.0% | $3,548,053 | +26.9% |
| Mohegan Sun Pocono | Unibet Sportsbook | $272,627 | +156.2% | $756,828 | +224.6% |
| Harrah’s Philadelphia | Caesars Sportsbook | $136,078 | N/A | $169,618 | N/A |
| Presque Isle Downs | BetAmerica | -$14,229 | N/A | -$158,246 | N/A |
| Totals | $25,981,515 | +93.8% | $69,329,547 | +146.8% |
The nation’s No. 2 mobile sports betting market shows no sign of slowing down as the spring sports season approaches. After a revenue downswing in February, Pennsylvania’s online sportsbooks rebounded by nearly doubling last month’s revenue totals.
The Keystone State’s mobile sportsbooks produced $25,981,515 in March revenue, good for a 93.8% month-to-month increase. FanDuel and DraftKings persist as the top brands in the Pennsylvania market, with Barstool Sportsbook settling into the No. 3 spot for mobile market share in the state.
Online sports wagering is thriving in Pennsylvania so far this year. The state’s online sportsbooks produced $514 million in handle in March, the third-highest total in the history of the Pennsylvania market.
Pennsylvania’s online sportsbooks are on pace to eclipse the $6 billion milestone in annual betting handle by the end of the year. The monthly revenue reports from the Pennsylvania Gaming Control Board can be seen here.
Michigan Online Sports Betting Handle March 2021
| March 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Michigan | $359,450,162 | +19.1% |
| 2021 Totals | $776,472,919 |
Michigan Online Sports Betting Revenue March 2021
| Retail Operator | Online Skins | March 2021 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $6,378,487 | +160.5% | $8,773,739 |
| MotorCity Casino Hotel | FanDuel Sportsbook | $4,995,430 | N/A | -$6,083,110 |
| Bay Mills Indian Community | DraftKings Sportsbook | $3,672,966 | N/A | -$2,591,881 |
| Greektown Casino Hotel | Barstool Sportsbook | $3,583,819 | N/A | $3,979,240 |
| Sault Ste. Marie Tribe of Chippewa Indians | WynnBET | $243,420 | N/A | $207,790 |
| Little Traverse Bay Bands of Odawa Indians | FOX Bet | $137,898 | N/A | $61,591 |
| Grand Traverse Band of Ottawa and Chippewa Indians | William Hill | $127,115 | +663.4% | $194,968 |
| Keweenaw Bay Indian Community | Golden Nugget Sportsbook | $3,056 | N/A | $3,140 |
| Little River Band of Ottawa Indians | BetRivers | -$25,828 | N/A | -$563,422 |
| Hannahville Indian Community | TwinSpires | -$34,526 | N/A | -$320,136 |
| Lac Vieux Desert Band of Lake Superior Chippewa Indians | PointsBet | -$36,491 | N/A | -$603,105 |
| Pokagon Band of Potawatomi Indians | Four Winds Sportsbook | -$64,258 | N/A | -$69,118 |
| Totals | $18,981,089 | N/A | $2,989,697 |
Michigan’s online sports betting industry posted healthy betting handle numbers right out of the gate since debuting in January 2021. March marked the first month for Michigan’s mobile sports betting apps to post combined positive net revenues.
The Great Lakes State produced $359.4 million in mobile betting handle in March, marking a 19.1% month-to-month increase. While pre-launch offers and welcome bonuses led to net revenue losses in January and February, Michigan’s online sportsbooks turned the corner into profitability in March.
The state’s mobile books posted $18,981,089 in combined monthly revenue. A few of Michigan’s online sports betting apps still posted small losses, but overall the Michigan mobile sports betting market appeared to come out from under the customer acquisition phase in March.
The hyper-competitive Michigan market sees BetMGM, FanDuel, DraftKings, and Barstool Sportsbook competing for the No. 1 market share spot. BetMGM is winning that battle so far in terms of revenue, but the diversity of choices for Michigan sports bettors appears to be a hit in the state.
The monthly revenue figures posted by the Michigan Gaming Control Board can be viewed here.
Indiana Online Sports Betting Handle March 2021
| March 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Indiana | $279,184,337 | +15.8% |
| 2021 Totals | $811,409,083 |
Indiana Online Sports Betting Revenue March 2021
| Retail Operator | Online Skins | March 2021 Revenue | Month-Over-Month Change | YTD Revenue |
|---|---|---|---|---|
| Ameristar Casino | DraftKings Sportsbook, theScore Bet | $8,743,015 | +122.9% | $22,159,932 |
| Blue Chip Casino | FanDuel Sportsbook | $6,774,462 | +36.5% | $19,959,005 |
| Belterra Casino | BetMGM | $3,597,618 | +66.1% | $9,478,903 |
| Hollywood Lawrenceburg | PointsBet | $1,658,267 | +29.2% | $4,305,044 |
| Tropicana Evansville | William Hill | $879,577 | +50.5% | $2,007,422 |
| French Lick Resort | BetRivers Sportsbook | $829,034 | +69.1% | $2,147,520 |
| Horseshoe Hammond | Caesars Sportsbook, Unibet | $140,675 | +181.0% | $323,463 |
| Rising Star Casino | TwinSpires | $1,191 | -64.2% | $15,995 |
| Totals | $22,623,839 | +68.1% | $60,397,284 |
Indiana continues to persist as a top-six mobile sports betting market in the US. Online sportsbooks in the Hoosier State generated $279,184,337 in March betting handle, good for a 15.8% month-to-month increase over February.
Match 2021 marked the second-highest mobile handle and revenue month in the history of Indiana’s sports betting industry. Familiar names like DraftKings and FanDuel lead the Indiana market, with BetMGM and PointsBet also taking a sizeable piece of the state’s mobile market share.
Indiana’s online sportsbooks could yield as much as $4 billion in bets for 2021 if the current pace keeps up throughout the year. The monthly numbers from the Indiana Gaming Commission can be viewed here.
Iowa Online Sports Betting Handle March 2021
| March 2021 Mobile Betting Handle | MTM Handle Change | |
|---|---|---|
| Iowa | $139,389,146 | +11.3% |
| 2021 Totals | $385,367,970 |
Iowa Online Sports Betting Revenue March 2021
| Retail Operator | Online Skins | March 2021 Revenue | Month-To-Month Change | YTD Revenue |
|---|---|---|---|---|
| Wild Rose Casino | DraftKings Sportsbook | $3,568,345 | +146.5% | $7,044,627 |
| Diamond Jo Casino | FanDuel Sportsbook | $2,871,014 | +88.9% | $6,560,328 |
| Prairie Meadows | William Hill Sportsbook at Prairie Meadows | $1,399,800 | +9.3% | $4,361,156 |
| Caesars Entertainment | William Hill | $738,325 | +21.0% | $2,373,578 |
| Catfish Bend Casino | PointsBet | $715,739 | +23.2% | $1,759,360 |
| Elite Casino Resorts | Elite Sportsbook | $562,791 | +106.6% | $1,538,172 |
| Lakeside Hotel Casino | William Hill Sportsbook at Lakeside Hotel Casino | $185,403 | +26.9% | $530,058 |
| Hard Rock Casino | Hard Rock Sportsbook | $69,040 | +58.9% | $214,213 |
| Q Casino | Q Sportsbook | $50,276 | +1091.6% | $95,485 |
| Totals | $6,001,822 | -28.6% | $14,412,479 |
William Hill stood in the top spot in the Iowa online sports betting market for most of the past year, but the emergence of DraftKings and FanDuel have caused a shakeup in the order in the early months of 2021.
Iowa’s online sportsbooks surged in March, producing the first $10 million revenue month in state history. The first three months of 2021 have yielded the three most successful months in the history of Iowa mobile sports betting in terms of handle.
The monthly figures from the Iowa Racing and Gaming Commission can be seen here.
