The ‘Big Three’ states for iGaming saw extraordinary growth in 2024, with each state reporting more than a 20% increase in iGaming revenue year over year.
New Jersey reported revenue figures of nearly $2.4 billion, with Pennsylvania and Michigan reporting figures of around the $2.2 billion mark across 2024, as revealed in commission documents released in January 2025.
iGaming revenue in New Jersey, including online slots and table games, generated $2.39 billion in 2024, a 24% year-on-year increase from 2023.
In Michigan, commercial and tribal operators reported $2.2 billion in revenue from iGaming, plus an additional $194m from online sports betting — a 22.3% increase over 2023, overtaking New Jersey for the first time since legalizing online gambling in 2021.
Pennsylvania’s iGaming revenue across 12 operators was $2.18 billion in 2024, a 25.25% increase from the $1.7 billion generated in 2023. Some outlets report $2.7 billion in taxable revenue, but this includes annual slot machine license operation fees.
The soaring figures are thought to have generated more than $400m in tax revenue for each state. In Michigan, the figure was $466.1 million.
Looking more broadly across the gaming sector, including casinos and racetracks, New Jersey raked in $6.3bn in gaming revenue, while Pennsylvania crossed the $6bn threshold for the first time at $6.13 bn.
Michigan handled over $5 billion in bets in 2024, with $244 million coming from iGaming alone in December 2024.
The Michigan Gaming Control Board (MGCB) highlighted how the taxes supported the local community, including more than $501.4 million for the state’s School Aid Fund, which provides additional funds for public classroom education.
$400.9 million alone came from online gaming wagering taxes, including iGaming ($388.48 million), internet sports betting ($12.9 million), and fantasy contests ($297,219).
The remaining $100.5 million was generated from casino wagering taxes, including taxes from table games and slot machines ($99.8 million) and retail sportsbooks ($655,436).
The taxes also provided $4 million to Michigan’s First Responder Presumed Coverage Fund, $3 million to the Compulsive Gambling Prevention Fund, $3.7 million to the Agriculture Equine Industry Development Fund, and $3.75 million to the agency’s Emmy Award-winning “Don’t Regret the Bet” marketing.
Overall, the $2bn+ revenue figures show how much the iGaming industry has grown compared to 2021, when Pennsylvania reported $1.29 billion, Michigan reported $1.11 billion, and New Jersey reported $1.37 billion.
