Gambling in the USA
Colorado’S Sports Betting Industry Market Should Thrive When Games Are Back On

Set to launch on May 1, Colorado could attract as much as $6 billion in sports bets annually, according to PlayColorado analysts
Colorado’s fledgling sports betting industry will eventually generate billions of dollars in bets annually, hundreds of millions in operator revenue, and tens of millions in tax revenue, according to estimates by PlayColorado.com, which researches and analyzes the state’s newly regulated sports betting market.
Despite the sports world being indefinitely shuttered in response to the COVID-19 pandemic, regulators are preparing for a May 1 launch of online and retail sports betting. When it does, Colorado will become the 18th state to have some form of legal sports betting. And the Centennial State has a bright future, capable at maturity of generating as much as $6 billion in sports bets annually, $400 million in gross operator revenue annually, and $40 million in annual tax revenue, according to PlayColorado projections.
“With a significant base of existing land-based casinos, a regulatory framework that will be attractive to operators, and one of the largest metropolitan markets in the country to draw from, Colorado is well-positioned to capitalize on sports betting,” said Dustin Gouker, chief analyst for PlayColorado.com. “But assuming the industry does launch on May 1, it will be doing so in unprecedented circumstances with almost no sports to wager on. There are some advantages to a forced soft opening, but it also means that it will be some time before we learn with confidence just how Colorado’s bettors will respond to legal sports betting.”
Colorado regulators have been deliberate in creating a regulatory framework for casinos, opting for a later start date to ensure that the state gets sports betting right. Its 10% tax on net revenue is comparable to some of the most successful sports betting markets. New Jersey, which is neck and neck with Nevada as the nation’s largest sports betting market, levies a 9.75% tax on revenue from retail sportsbooks and 13% on online sports betting revenue. Indiana, the No. 4 sports betting market in the U.S., taxes sports betting at a 9.5% rate.
In addition, Colorado has avoided some of the pitfalls of earlier adopters, such as imposing maximum bet limits, a decision state regulators left to operators.
“Colorado legislators and regulators have made many smart, measured decisions based on input from casinos, operators, and bettors, and that has led to the adoption of an excellent collection of rules and restrictions,” Gouker said. “They have also had the undeniable benefit of seeing what has worked in other states. Colorado’s methodical approach might have been frustrating to bettors by slowing the launch, but there is plenty to be encouraged about. Sports betting operators have inked partnerships and regulators are listening to stakeholders. That will serve Colorado well.”
Until the COVID-19 pandemic subsides, bettors will largely have to wait to wager on anything other than futures on pro sports and a handful of international sports.
In other states, legal online casino and poker wagering has meant millions in additional revenue for operators and states, helping to bolster bottom lines during a difficult time in the gaming industry.
“There is no question that the revenue from online casinos and poker rooms has helped operators in states such as New Jersey and Pennsylvania weather the shutdowns of land-based casinos and essentially all sports,” Gouker said. “Coloradoans will likely someday decide if and when the time is right to legalize online casino wagering. In the meantime, it has put the right framework in place for its sports betting industry to thrive once sports are played again.”
For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/news.
Gambling in the USA
Detroit Casino Revenue Finds a Balance as Michigan Online Casinos Surge

There’s no denying that Michigan online casinos are still in a growth pattern.
Revenue records seem to be set almost every month, and yearly projections don’t seem to have a limit.
While the iGaming landscape continues to thrive, the three Detroit commercial casinos have found a leveling off point.
Though the three locations haven’t been able to approach the revenue totals they hit prior to the pandemic, there’s still steady cash flow coming in despite a lot of obstacles over recent years.
Detroit’s 2025 Revenue Just Below 2024
Detroit has three commercial casinos that operate in the downtown area. They are the MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown.
The 2025 revenue for the three casinos through seven months has been similar to what they have seen in recent years. Overall, it is down less than a percentage point compared to 2024, but three of the seventh months have seen revenue growth year over year.
The data suggests that 2025 has been more consistent with its revenue than 2024. The high this year wasn’t quite as high, but the low also wasn’t nearly as low.
Detroit Levels Off as Online Casinos Grow
Prior to the COVID-19 pandemic, Detroit was seeing record revenue for its three casinos. The $1.45 billion it did in 2019 was an all-time high.
The slow return from the pandemic eventually led to a leveling off for Detroit, as yearly revenue since 2020 has ranged from $1.22 billion to $1.28 billion.
As that has played out, online casinos debuted in Michigan in January 2021. The first year of revenue was $1.11 billion, but has since more than doubled that total in 2024.
Through seven months of 2025, Michigan online casinos are already at $1.72 billion in revenue. That alone is more than all of 2021 or 2022, respectively. After August’s numbers come in, the total is likely to have surpassed 2023’s mark as well.
This year’s OC revenue is already over 27% ahead of where it was a year ago. Through July, Michigan’s iGaming had generated $1.35 billion in 2024.
Through seven months, the state is averaging over $245 million in monthly online casino revenue. Prior to 2025, Michigan had never hit $245 million in revenue for any month in its online casino history.
Should Michigan continue this pace, it will surpass $2.9 billion in annual iCasino revenue. The last quarter of the year has trended toward being the strongest revenue months each year, so $3 billion isn’t out of the question. If the 27% growth rate holds, the state would hit $3.1 billion in 2025 revenue.
Each new record just brings in more tax revenue for the state as well. Initial projections when Michigan pursued online casinos was around $40 million in annual tax revenue. The first year of 2021 brought in $201.7 million in state tax revenue and another $77.6 million in local taxes.
In 2024, Michigan online casinos generated $451.4 million in state tax revenue and another $168.7 million in local taxes. This year’s iGaming has already generated $330.0 million in state tax revenue and another $124.7 million in local taxes.
Source: saturdaytradition.com
Gambling in the USA
Pennsylvania iGaming Records $228.3M in July 2025

Pennsylvania’s online casinos soared in July 2025, delivering adjusted gross revenue of $228.3 million. This figure marks the second-highest monthly iGaming total ever reported by the Pennsylvania Gaming Control Board.
It follows the record $238.2 million in March. The revenue reflects a 30.9% year-over-year boost, underscoring broader growth trends in the digital gaming space. The state’s real money online casino market continues expanding as player engagement strengthens.
The surge came as Hollywood Casino at Penn National Race Course and partners led the state with $87.8 million, registering a 37.2% increase over last year. Valley Forge Casino Resort followed with $61.0 million, marking a 34.1% rise. Rivers Casino Philadelphia clocked in $37.8 million, up 26.6%. Meanwhile, Caesars Interactive contributed $10.5 million, up 10.8%.
Tax revenues surged alongside iGaming. The Commonwealth collected $67.4 million in state taxes from online casino play in July. Local tax and county grants added $36.5 million, amplifying the fiscal impact.
Pennsylvania’s total gambling revenue, including land-based casinos and sports betting, totaled $557.7 million, rising 11.4% year-over-year. The iGaming segment alone increased 30.9%, making it a primary growth engine.
Slots dominated iGaming revenue with $177.2 million, followed by table games at $48.5 million and poker at $2.5 million.
Pennsylvania’s sports betting market delivered $40.6 million in revenue during July, a 5.2% increase from last year. Online wagering accounted for $37.9 million, while retail sportsbooks added $2.7 million.
The rise came despite a 0.5% dip in handle, which closed at $412.5 million. Betting from online sportsbooks produced $392.6 million of that total, with retail wagering contributing $19.9 million. The statewide hold rate stood at 9.84%, reflecting stronger margins.
FanDuel, partnered with Valley Forge Casino Resort, led the market once again. It generated $15.5 million in revenue from a $140.9 million handle, posting an 11.00% hold. DraftKings and Hollywood Casino at the Meadows followed, collecting $11.3 million from $112.3 million, equal to a 10.06% hold.
Fanatics, partnered with Hollywood Casino York, placed third with $2.7 million from a $28.4 million handle, producing a 9.51% hold. Morgantown and BetMGM secured $2.1 million on a $33.3 million handle for a 6.3% hold.
Rounding out the top five, ESPN Bet with Hollywood Casino at Penn National reported $1.7 million from $18.7 million, giving a 9.09% hold.
The data underscores how Pennsylvania’s sports betting operators are strengthening profitability even when overall wagering slows. Analysts expect momentum to accelerate once football season begins, driving higher handles and further testing operator margins.
Gambling in the USA
Florida Gambling Market Faces Pressure as Offshore Sites Lure Players

Florida’s gambling picture is shifting again. Court battles over the Seminole Tribe’s compact continue, and legislators are hearing more calls to consider broader online betting.
Even with sports betting tied up in appeals, residents are finding workarounds. Offshore websites still advertise directly to Floridians. Many of them promote speed over safety, boasting that they allow withdrawals with no ID. Regulators say that may sound attractive, but it sidesteps the verification checks required by licensed U.S. operators.
The Seminole Tribe runs the state’s biggest casinos and its Hard Rock brand. Their 2021 compact with the state included online sports betting. That deal faced lawsuits almost immediately, slowing any momentum for a wider rollout. Yet the appetite hasn’t gone away.
People here talk about what’s happening in other states. New Jersey, Pennsylvania, Michigan—they’ve all seen billions wagered online. Tax money follows. Advocates in Florida argue the state is leaving money on the table.
Opponents tell a different story. They warn about access on every phone and the risks that come with it. “Once it’s in an app, you can’t put the genie back in the bottle,” said a Jacksonville-area pastor who has lobbied against expansion. Addiction specialists add that enforcement is more rigid when offshore platforms are already targeting residents.
Tourism officials keep an eye on the numbers, too. Florida casinos, especially in Tampa and South Florida, drive hotel bookings and restaurant traffic. A full online market could change that balance. Some business leaders like the idea of keeping players at home. Others say brick-and-mortar casinos fuel jobs that digital sites will never replace.
For lawmakers in Tallahassee, it’s a tricky call. The Seminole compact brings in revenue through a revenue-sharing deal. Expanding online casinos could mean more money, but also more legal fights with tribes who guard their exclusivity. That divide was one reason ballot measures in 2022 failed, after record spending on both sides.
Residents are split as well. A Miami resident outside a Hard Rock property said this week he enjoys visiting in person. “I wouldn’t mind having it on my phone, but I like the atmosphere here. It’s not the same on a screen.”
Meanwhile, the unregulated market keeps growing. Analysts with the American Gaming Association estimate billions of dollars flow to illegal sites each year nationwide. Florida’s share is significant. Enforcement is difficult, and warnings do little to stop players who want speed, privacy, and access.
The state’s size makes it a prime target. With more than 22 million people, Florida could become one of the largest online casino markets in the country if the law ever changes. For now, the lines hold. The Seminole Tribe runs its venues. Offshore operators keep pushing ads. And residents wait to see if lawmakers will take the next step.
Source: floridadaily.com
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