According to reports, the seven US states that have legalized iGaming generated $868.6 million in revenue for April 2025. Each state that offers online casino games has experienced at least 25% year-on-year revenue growth.
Moreover, the $868.6 million total marks a rise of over $213 million, showing the industry’s fast-paced growth. The combined increase from April 2024 reached 32.5%, adding over $213 million. April saw only a slight dip after March’s record $900 million in operator revenue.
The Big Three and The Newcomer
US’ “Big Three” – Michigan, Pennsylvania, and New Jersey, corralled big numbers from their iGaming markets. The known wagering handle hit $10.2 billion, excluding monthly drop figures from Michigan and New Jersey.
Pennsylvania contributed over $7.5 billion, while Connecticut topped $1.6 billion for the third time in four months. Operators generated $787.9 million in taxable revenue for April. States collected $169.3 million, a $43.9 million increase from last year. This total excludes local taxes and tribal payments.
Connecticut operates as a duopoly, with DraftKings and FanDuel competing for market share and customer spending. In April, DraftKings spent nearly $11 million on promotions, its second consecutive month exceeding eight figures.
This promotional spend made up 1.4% of its total $816.4 million handle. Strong performance in slots and virtual table games helped DraftKings achieve a 3.9% hold, its best ever.
As a result, it earned a record $31.6 million in gross revenue. That figure rose 38.3% year-over-year and beat March’s previous high of $28.4 million by nearly $3.2 million.
FanDuel Casino hit a new gross winnings record in Connecticut with $29.2 million, just $30,000 above March’s total. However, this marked a 57.6% increase compared to the same month last year. FanDuel spent over $6 million on promotions for the fifth month in a row. Despite that, promotional spending remained under 1% of its total handle.
Remaining iGaming States Come Up Strong
Delaware and Rhode Island saw strong revenue growth, driven by online slot games and other iGaming activities. Delaware’s BetRivers earned $9.9 million, nearly doubling April 2024’s revenue. Rhode Island’s Bally’s tripled its revenue to $9.9 million, outperforming BetRivers.
Lastly, Virginia’s online sports betting had a strong showing for April 2025. Virginia’s sports betting revenue rose 2.8% year-over-year to $56.1 million in April. The Virginia Lottery reported growth from $54.6 million in April 2024.
Total sports betting handle increased 2.8%, from $563.5 million to $609.7 million. Mobile operators generated $603.7 million in wagers, while retail accounted for $6 million. Bettors won $546.9 million, resulting in a 10.3% combined hold. Meanwhile, sports betting taxes reached $8.5 million in April, up 3.7% from $8.2 million last year.
