US iGaming Revenue Reaches $921m In January
The US posted $921million of January iGaming revenue from the seven states where online casinos are fully regulated.
The monthly total is down slightly from $944.1m in December 2025, but up significantly from $762.2m in January 2025.
The figure was helped by Michigan online casinos setting a new January record, but this was offset by slower months for New Jersey and Pennsylvania, compared to the previous month.
Michigan Tops The Big Three
Michigan maintained its position as the state with the highest iGaming revenue, up marginally from $296.7m in December to $298.3m in January.
This year’s figure set a new January record for the Great Lakes State, up 23% year-on-year, following Hard Rock Bet’s partnership with the Hannahville Indian Community, which saw a new online casino come online in December.
New Jersey enjoyed an almost as impressive year-on-year rise, with revenue increasing from $221.6m last year to $258.9m this year, although that figure was down from the impressive $273.2m raised in December.
Online casino gaming has been legal in New Jersey since 2013, the Garden State having been one of the first states to regulate. Today, iGaming accounts for nearly half of NJ’s total commercial gaming industry.
Pennsylvania boasts the third-largest iGaming industry in the country. But, like New Jersey, it saw revenue dip slightly from December. In January, the Keystone State reported $249.3m of revenue, down from $259.7m in the previous year.
However, January was the second-highest month on record, after December, and $261.75m in gross revenue from online slots set a new record for the state.
"The figure was helped by Michigan online casinos setting a new January record, but this was offset by slower months for New Jersey and Pennsylvania, compared to the previous month"
The Best Of The Rest
Connecticut’s revenue was down slightly from December’s $55.59m to $54.9m in January. However, this was up nearly 20% from the previous year.
Connecticut is one of a growing number of states trying to curb the growth of prediction markets.
Governor Ned Lamont has tabled a bill that would prevent anybody under 21 from using sites like Polymarket and Kalshi.
In West Virginia, revenue remained roughly stable on a monthly basis, posting $41.7m in January, compared to $41.3m in December.
The state is currently considering two bills, HB 4397 and HB 4398.
The bills seek to increase taxes on sports betting and iGaming to 25%. Under current regulations, sports betting is taxed at 10% while online casinos pay 15%.
The rates are some of the lowest iGaming taxes in the country, and the increase would bring them closer to other regulated states
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Delaware has one of the smallest iGaming markets, but its January revenue of $12.2m was up from $11.8m in December – beating its monthly record in the process.
Gross gaming revenue rose nearly 60% compared to January 2025.
There are currently only three licensed online Delaware casinos – Delaware Park, Dover Downs and Harrington Raceway.
All online venues are tied to existing commercial casinos in the state.
Rhode Island only has a single online casino, with Bally’s holding a state-sanctioned monopoly on iGaming; a position it has been in since the Ocean State opened its regulated market in 2024. It was the last state to do so.
It reported $5.7m revenue in January, roughly in line with December’s figures but up substantially from 2025.
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