The United States online casino market is consistently breaking revenue records, demonstrating a robust and sustained growth trajectory that is reshaping the nation’s gambling landscape. Far from a fleeting phenomenon, the figures from recent months paint a picture of a sector rapidly maturing, driven by a confluence of technological adoption, strategic operator investments, and evolving consumer preferences. Understanding the underlying forces behind this remarkable expansion is crucial for grasping the future of digital gaming in America.
April 2025 stands as a testament to this momentum. The seven states with regulated online casino gaming collectively generated $868.6 million in revenue, a significant 32.5% increase over April of the previous year—that’s an additional $213 million flowing into state coffers and operator pockets. This performance followed a record-setting March that saw combined operator revenue surpass the $900 million mark, with little fall-off in the subsequent month. Notably, Connecticut continued its hot streak, setting yet another new monthly revenue record for the second consecutive month.
While monthly wagering handle figures aren’t uniformly published across all states (Michigan and New Jersey do not), the known handle from Pennsylvania and Connecticut alone totaled a hefty $10.2 billion. Pennsylvania accounted for over $7.5 billion of that, with Connecticut impressively clearing $1.6 billion in handle for the third time in four months. From a fiscal perspective, online casino gaming remains a significant contributor. Taxable operator revenue for April hit $787.9 million, translating to $169.3 million for state coffers—a healthy $43.9 million increase from April 2024, and that doesn’t even include local taxes or tribal disbursements.
Connecticut’s Duopoly Drives Aggressive Performance
Connecticut’s online casino market effectively operates as a duopoly, with DraftKings and FanDuel intensely vying for customer engagement and spend. DraftKings, in particular, demonstrated an aggressive play in the last two months, exemplified by a near-$11 million promotional spend in April. This marked its second consecutive eight-figure promotional outlay and an all-time high for the operator in the state, accounting for almost 1.4% of its overall $816.4 million drop (total wagers). This significant investment, coupled with some virtual table and slot success (evidenced by an all-time best hold of 3.9%), propelled DraftKings to a record gross revenue haul of $31.6 million. This wasn’t just a 38.3% jump from April 2024; it surpassed its own fleeting March record by almost $3.2 million.
FanDuel Casino also notched a new gross winnings record in April, reaching $29.2 million. While this was a more modest gain of just $30,000 from March, it still represented an impressive 57.6% year-over-year surge. Despite its promotional spend topping $6 million for the fifth consecutive month, it consistently remained under 1% of its overall drop. Collectively, Connecticut’s overall winnings in April amounted to $61 million (up 47%), on a $1.6 billion drop (up 23.1%). The state’s year-to-date gross revenue reached $225.1 million, a 31.7% increase from the first four months of 2024, with $191.4 million in adjusted gross revenue contributing to an $8.3 million increase in tax receipts for 2025.
Single-Operator States Showcase Stellar Growth
IGaming-Times reports that even in markets with a single operator tied to the state lottery, online casino gaming showed stellar year-over-year growth in April. Delaware’s market, now led by BetRivers (which took over in January 2024), followed its record $10.3 million haul in March with over $9.9 million in gross revenue for April. This represents a staggering 95.7% increase from 12 months prior, underscoring the impact of the operator change. The $1.01 billion wagered in Delaware during the first four months of 2025 has already surpassed half of the total $1.89 billion drop for all of 2024, indicating a significantly accelerated pace of activity.
Rhode Island, with Bally’s as its sole operator, reported $4.7 million in winnings, more than double the $2.1 million from its first full month of operations in April 2024. The combined March and April revenue for Rhode Island this year reached $9.9 million, nearly triple the $3.3 million accrued in the same span last year. The $16.8 million claimed in 2025 so far is almost 65% of the $26.3 million won for all of 2024, highlighting the rapid scaling of this nascent market.
Big States Maintain Dominance
The “Big 3” iGaming states – Pennsylvania, Michigan, and New Jersey – continued their impressive run in April. Just last April (2024), only Pennsylvania had managed to clear the $200 million benchmark in operator gross winnings. Fast forward 12 months, and all three of these major markets now comfortably surpassed that benchmark in both gross and adjusted operator winnings for April 2025.
Pennsylvania once again claimed top gross honors with a whopping $282.8 million, representing a solid 34.8% increase from last year. However, Michigan ($248.1 million) and New Jersey ($235.2 million) were hardly trailing, showcasing their significant contributions to the national total. All three of these powerhouse states are projected to surpass $1 billion in taxable revenue when their May figures are released, and all three are currently enjoying year-over-year growth of 21% or better in that category. This consistently strong performance across diverse market structures underscores the robust and expanding nature of the US online casino market trends. The ability of operators to adapt their offerings, embrace iGaming technology advancements, and strategically allocate resources in competitive and evolving regulatory environments is paramount.
The consistent record-breaking revenue figures across the US online casino market underscore a thriving sector poised for continued North American iGaming expansion. The symbiotic relationship between robust technological platforms, aggressive operator strategies, and maturing regulatory frameworks is creating a powerful engine for digital revenue generation, solidifying iGaming’s position as a cornerstone of the American gambling industry.
