Online casino records continue to fall, essentially month to month.
March 2025 has proven to be a landmark month (again) for the online casino industry in the United States, with revenues hitting an all-time high of nearly $906 million.
This impressive figure marks a more than 26% increase from the previous record, showcasing the rapidly accelerating growth of regulated iGaming nationwide. This unprecedented surge in revenue highlights the industry’s resilience and immense potential for further expansion, capturing the attention of industry experts and regulators alike.
Breaking Down the Big Numbers
Leading the charge, Pennsylvania maintained its position at the forefront of the market, reporting $291.6 million in revenue.
This represents a notable 26% growth compared to last year, thanks to the state’s strong regulatory environment and competitive landscape since it first entered the online casino scene in 2019.
Similarly, Michigan and New Jersey demonstrated robust growth, each exceeding the $240 million mark.
Their growth rates of 28% and nearly 25%, respectively, further solidify their roles in propelling the industry forward.
Collectively, smaller states like Connecticut, West Virginia, Delaware, and Rhode Island contributed $109.5 million, showcasing the vibrant activity across different regions.
March Madness and Market Trends
A particularly interesting aspect of March 2025’s success story is the impact of March Madness. This major sporting event created a powerful cross-promotion opportunity, with 35% of new online casino players originating from sports betting platforms. This interconnectivity between sports betting and online casinos is tapping into a broader audience and enhancing overall participation.
Additionally, live dealer games emerged as a standout feature, comprising 22% of total online gaming revenue. Their rapid growth attests to the increasing demand for engaging and interactive gaming experiences.
Tax Revenue Explodes; New Legislation on the Horizon
The financial benefits of the burgeoning online casino industry aren’t limited to operators. The seven states with regulated online casinos generated a combined $177.1 million in tax revenue, a significant jump from $41.1 million the previous year. The growing tax income underscores the fiscal advantages of embracing online gambling.
This success is leading more states, including Illinois, Indiana, and New York, to seriously consider legalizing online casinos. As these states weigh legislation, there appears to be a clear path for continued growth across the country.
More Record-Breaking Months Expected Thanks to Mobile
Another key insight from March’s record-breaking performance is the pivotal role of mobile optimization.
An astounding 85% of bets are now placed via smartphones and tablets, highlighting the necessity for mobile-friendly platforms. As technology continues to evolve, the convenience and accessibility of mobile devices are likely to remain integral to the industry’s expansion.
March 2025’s record-setting online casino revenues have set a new benchmark for the industry, reflecting its robust growth and untapped potential.
With key contributors like Pennsylvania leading the way, the synergy between sports betting and iGaming, and the promise of mobile technology, the future of online casinos in the U.S. looks bright. As more states contemplate legalization, the stage is set for further advancements, ensuring the industry’s continued success in the coming years.
