National Online Casino Revenue Totals $868.6 Million In April, Up 32.5% Over 2024

The seven states that offer regulated online casino gaming combined to generate $868.6 million for the month of April, with all seven showing year-over-year growth of at least 25% individually.

The combined uptick from April 2024 was 32.5%, an increase of more than $213 million. There was little fall-off in April after a record-setting March of more than $900 million in operator revenue, highlighted by Connecticut setting its new standard for the second straight month.

Known wagering handle — Michigan and New Jersey do not publish monthly drop figures — totaled $10.2 billion. Pennsylvania accounted for more than $7.5 million of that amount, with Connecticut clearing $1.6 billion for the third time in the last four months.

Taxable operator revenue totaled $787.9 million for April, with state coffers claiming $169.3 million of that amount. That figure, which was up $43.9 million from last year, does not include local taxes and tribal disbursements.

Focus on Connecticut

The Nutmeg State is for all intents and purposes a duopoly with DraftKings and FanDuel vying for customers' attention and dollars. DraftKings has made it a point the last two months to be aggressive, and its near-$11 million promotional spend in April was the second straight month it was in eight figures and an all-time high. It also accounted for nearly 1.4% of its overall $816.4 million drop.

That outlay, plus some success on the virtual felt and slots via an all-time best hold of 3.9%, contributed to a record haul of $31.6 million in gross revenue. That was up 38.3% from last year and nearly $3.2 million higher than its short-lived best of $28.4 million set in March.

FanDuel Casino also set a record in gross winnings at $29.2 million, but it was only $30,000 higher than March. It was, however, a year-over-year surge of 57.6%. While its promotional spend topped $6 million for the fifth straight month, it continued to be less than 1% of overall drop.

The overall $61 million in winnings was up 47%, while the $1.6 billion drop represented a 23.1% increase. The $225.1 million in year-to-date gross revenue is a 31.7% increase from the first four months of 2024, and the $191.4 million in adjusted gross revenue contributed to an increase of $8.3 million in tax receipts in 2025.

Small-state single operators also faring well

Delaware and Rhode Island, which offer online casino gaming via one operator contracted through the state lottery, also showed stellar year-over-year growth in April.

BetRivers, which took over in Delaware in January 2024, followed up its record $10.3 million haul in March with more than $9.9 million in gross revenue for April. That was an increase of 95.7% from 12 months prior, and the $1.01 billion wagered in the first four months of the year is already more than half the $1.89 billion drop for all of 2024.

Bally's reported $4.7 million in winnings in Rhode Island, more than double the $2.1 million from its first full month of operations in April 2024. Its $9.9 million in March and April revenue this year is nearly triple the $3.3 million accrued in the same span last year, and the $16.8 million claimed in 2025 is almost 65% of the $26.3 million won for all of 2024.

Big-state bonanza

Last April, only Pennsylvania had cleared $200 million in operator revenue, and that was gross winnings. Fast forward 12 months, and all of the "Big 3" — which includes Michigan and New Jersey — cleared that benchmark in both gross and adjusted operator winnings.

The Keystone State again took top gross honors with a whopping $282.8 million, up 34.8% from last year, but Michigan ($248.1 million) and New Jersey ($235.2 million) were hardly laggards during April. All three will surpass $1 billion in taxable revenue when they drop May numbers, and all three are enjoying year-over-year growth of 21% or better in that category.