US online casino industry sees record growth in April, reaching $868.6 million in revenue, with Connecticut leading the way. DraftKings and FanDuel dominate with impressive gains.
US online casino industry sees record growth in April, reaching $868.6 million in revenue, with Connecticut leading the way. DraftKings and FanDuel dominate with impressive gains.
In April, the US online casino industry continued its upward trajectory, with revenue hitting an impressive $868.6 million, marking a substantial 32.5% increase over the same period last year. All seven regulated states showed robust growth, each experiencing a year-over-year uptick of at least 25%.
Connecticut stood out as a key player in the online casino market, with DraftKings and FanDuel dominating the scene in a duopoly. DraftKings’ aggressive marketing strategy, including a record-breaking $11 million promotional spend in April, contributed to its impressive gross revenue of $31.6 million, a 38.3% increase from the previous year. FanDuel Casino also saw success, setting a new gross winnings record of $29.2 million, a 57.6% surge from last year.
Overall, the US online casino industry is thriving, with Connecticut and other regulated states driving significant revenue growth. With a focus on providing comprehensive coverage of the US online casino and iGaming sector, Casino Reports continues to deliver news, features, and original reporting on industry developments, business updates, legislation, and regulations. Stay tuned for more exciting updates from the dynamic world of online casinos.