US Online Sports Betting Revenue Roundup for March 2021

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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 HandleMTM Handle Change
New Jersey $780,145,392
+13.2%
2021 Totals$2,356,051,018

New Jersey Online Sports Betting Revenue March 2021

Retail OperatorOnline SkinsMarch 2021 RevenueMonth-To-Month ChangeYTD RevenueYear-Over-Year Change
New Meadowlands RacetrackFanDuel Sportsbook, PointsBet$28,605,353+14.9%$95,308,243+154.4%
Resorts Digital GamingDraftKings Sportsbook, FOX Bet, Resorts$14,148,527+83.3%$37,606,243+50.2%
Borgata Hotel CasinoBorgata Sports, BetMGM$6,473,417
+48.1%$18,727,456+356.5%
Ocean Casino ResortWilliam 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 CityHard Rock, Bet365, Unibet$1,384,832+35.6%$3,668,650+506.7%
Boardwalk RegencyCaesars Sportsbook, 888 Sport, WynnSports$721,776+127.1%$1,414,681N/A
Tropicana Casino & ResortWilliam Hill Sportsbook Tropicana Atlantic City$142,633
+98.8%
$291,324+138.6%
Golden NuggetGolden Nugget, TwinSpires$111,453N/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 HandleMTM Handle Change
Pennsylvania $514,336,353
+9.5%
2021 Totals $1,563,986,932

Pennsylvania Online Sports Betting Revenue March 2021

Retail OperatorOnline SkinsMarch 2021 RevenueMonth-To-Month ChangeYTD RevenueYear-Over-Year Change
Valley Forge Casino ResortFanDuel Sportsbook$10,420,429
+42.3%
$32,035,078
+202.0%
The MeadowsDraftKings Sportsbook$6,033,392
+101.1%
$16,754,277
+212.6%
Hollywood Casino at Penn NationalBarstool Sportsbook$3,346,796
N/A$3,688,131N/A
Hollywood Casino MorgantownBetMGM$1,662,839+736.6%$2,275,902N/A
Rivers PittsburghBetRivers Sportsbook$1,291,863+75.1%$3,309,655+13.6%
Parx CasinoParx Sportsbook$1,195,159
-13.0%
$4,414,475
+26.9%
Rivers PhiladelphiaSugarHouse Sportsbook$912,183
+20.0%
$3,033,577
-15.2%
Mount Airy Casino ResortFOX Bet$911,248
+5.0%
$3,548,053
+26.9%
Mohegan Sun PoconoUnibet Sportsbook$272,627
+156.2%
$756,828
+224.6%
Harrah’s PhiladelphiaCaesars Sportsbook$136,078
N/A
$169,618
N/A
Presque Isle DownsBetAmerica-$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 HandleMTM Handle Change
Michigan $359,450,162+19.1%
2021 Totals $776,472,919

Michigan Online Sports Betting Revenue March 2021

Retail OperatorOnline SkinsMarch 2021 RevenueMonth-Over-Month ChangeYTD Revenue
MGM Grand DetroitBetMGM$6,378,487
+160.5%$8,773,739
MotorCity Casino Hotel
FanDuel Sportsbook$4,995,430N/A
-$6,083,110
Bay Mills Indian CommunityDraftKings Sportsbook$3,672,966N/A-$2,591,881
Greektown Casino Hotel
Barstool Sportsbook$3,583,819
N/A$3,979,240
Sault Ste. Marie Tribe of Chippewa IndiansWynnBET$243,420N/A$207,790
Little Traverse Bay Bands of Odawa IndiansFOX Bet$137,898N/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 CommunityTwinSpires-$34,526N/A
-$320,136
Lac Vieux Desert Band of Lake Superior Chippewa Indians
PointsBet-$36,491N/A-$603,105
Pokagon Band of Potawatomi IndiansFour Winds Sportsbook-$64,258N/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 HandleMTM Handle Change
Indiana $279,184,337+15.8%
2021 Totals $811,409,083

Indiana Online Sports Betting Revenue March 2021

Retail OperatorOnline SkinsMarch 2021 RevenueMonth-Over-Month ChangeYTD Revenue
Ameristar CasinoDraftKings Sportsbook, theScore Bet$8,743,015+122.9%
$22,159,932
Blue Chip CasinoFanDuel Sportsbook$6,774,462
+36.5%
$19,959,005
Belterra CasinoBetMGM$3,597,618+66.1%$9,478,903
Hollywood LawrenceburgPointsBet$1,658,267+29.2%$4,305,044
Tropicana EvansvilleWilliam Hill$879,577
+50.5%
$2,007,422
French Lick ResortBetRivers Sportsbook$829,034
+69.1%
$2,147,520
Horseshoe HammondCaesars Sportsbook, Unibet$140,675+181.0%$323,463
Rising Star CasinoTwinSpires$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 HandleMTM Handle Change
Iowa $139,389,146
+11.3%
2021 Totals $385,367,970

Iowa Online Sports Betting Revenue March 2021

Retail OperatorOnline SkinsMarch 2021 RevenueMonth-To-Month ChangeYTD Revenue
Wild Rose CasinoDraftKings Sportsbook$3,568,345+146.5%$7,044,627
Diamond Jo CasinoFanDuel Sportsbook$2,871,014+88.9%
$6,560,328
Prairie MeadowsWilliam Hill Sportsbook at Prairie Meadows$1,399,800+9.3%$4,361,156
Caesars EntertainmentWilliam Hill$738,325
+21.0%$2,373,578
Catfish Bend CasinoPointsBet$715,739
+23.2%
$1,759,360
Elite Casino ResortsElite Sportsbook$562,791+106.6%$1,538,172
Lakeside Hotel CasinoWilliam Hill Sportsbook at Lakeside Hotel Casino$185,403
+26.9%$530,058
Hard Rock CasinoHard Rock Sportsbook$69,040+58.9%$214,213
Q CasinoQ 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.

About the Author

Geoff Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff is an avid sports fan, but poker is his passion.

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