‘Big Three’ Online Casino States Set New Records In October
Summary
October was a banner month for US online casinos, with the three largest iGaming markets — Pennsylvania, Michigan and New Jersey — posting record revenue. Across six reporting markets online casino operator revenue exceeded $950 million, producing roughly $250 million in state taxes.
Pennsylvania led the pack with a single‑month iGaming record of $312 million (up 27% year‑over‑year), the first month above $300m for any US market. Combined online gambling (casinos + sportsbooks) in Pennsylvania generated about $404 million in revenue and $134 million in taxes for October.
Michigan also set new highs with $279 million in iGaming revenue (up 26%), sending roughly $75.1 million in taxes to the state. Its sports betting handle increased modestly to $619 million, with sportsbooks producing strong revenue for the month.
New Jersey continued its long‑running strength, posting $260 million in online casino revenue (up 22%). NJ’s year‑to‑date casino revenue already equals the full 2024 total ($2.39 billion) with two months remaining. Sports betting activity was also robust, with $1.24 billion wagered in October.
Key Points
- Combined operator revenue across six reporting markets topped $950m in October, generating about $250m in state taxes.
- Pennsylvania set a US single‑market iGaming record: $312m, a 27% increase year‑over‑year, and produced $100m+ in tax receipts.
- Michigan posted a new iGaming record at $279m (up 26%), with $75.1m in taxes; sports betting revenue was also strong.
- New Jersey posted $260m in iGaming revenue (up 22%) and has already matched 2024’s full‑year casino revenue through October.
- Sportsbook handle grew across the Big Three, but it was the online casinos that drove the standout gains in October.
Content summary
The article details October 2025 performance for US online gambling, highlighting how iGaming outpaced the usual seasonal sportsbook lift. It provides state‑level figures for Pennsylvania, Michigan and New Jersey — revenue, year‑over‑year growth rates, sportsbook handle and tax contributions — and notes that all six reporting markets posted record months for online casinos.
The piece emphasises the scale of tax receipts flowing to state coffers and points out that New Jersey’s cumulative casino revenues for the year already equal 2024’s total with more trading days to come.
Context and relevance
This matters because iGaming is now a major revenue engine for states and operators alike. High single‑month totals show both market maturity and potential budgetary implications for state governments that rely on gaming taxes. For operators, these figures underline the continuing commercial importance of casino verticals relative to sports betting, especially during an NFL‑heavy autumn.
Why should I read this?
Quick and dirty: online casinos are absolutely smashing records right now — that means bigger taxes, fatter operator results and more attention from regulators and investors. If you follow gambling markets, state revenues or operator strategy, this is the short update that tells you where the momentum is.
Source
Source: https://www.legalsportsreport.com/247317/online-casino-revenue-october-2025/
