iGaming Journalist & Crypto Casino Analyst
US online poker revenue is one of the most frequently misquoted numbers in the gambling industry. Headlines routinely lump peer-to-peer poker in with online casino results, which makes a market worth less than $100 million a year look like part of a multibillion-dollar boom. This reference page isolates US online poker revenue by state from the first regulated hands dealt in 2013 through the most recent monthly reports in 2026, using state regulator filings and the PokerScout revenue tracker.
The goal is simple: give journalists, analysts, students and players a single citable table showing how much regulated online poker actually earns, where that money comes from, and how it compares with the online casino products sold alongside it.
Key Findings
Regulated US online poker generated roughly $95.3 million in 2025 across six states, up about 6.6% from $89.4 million in 2024 but still below the 2022 peak of $97.9 million. New Jersey ($30.3M), Pennsylvania ($29.8M) and Michigan (an estimated $26.6M) account for about 91% of the market. In New Jersey, poker was roughly 1.0% of total internet gaming win in 2025; in Pennsylvania it was about 1.1% of iGaming revenue.
Annual US Online Poker Revenue by State (2019-2025)
The table below shows calendar-year peer-to-peer online poker revenue by state. Figures for New Jersey, Pennsylvania and Delaware come from regulator reporting compiled by PokerScout; Michigan, Nevada and West Virginia figures are PokerScout estimates, because those states do not publish poker as a separate line item in a consistent way.
| Year | New Jersey | Pennsylvania | Michigan (est.) | Nevada (est.) | Delaware | West Virginia (est.) | US Total |
|---|---|---|---|---|---|---|---|
| 2019 | $20.9M | $4.4M | — | $3.7M | $0.3M | — | $29.4M |
| 2020 | $38.8M | $35.9M | — | $6.9M | $0.6M | — | $82.2M |
| 2021 | $29.9M | $32.4M | $28.0M | $4.9M | $0.4M | — | $95.7M |
| 2022 | $27.4M | $33.7M | $32.0M | $4.5M | $0.4M | — | $97.9M |
| 2023 | $28.9M | $30.6M | $27.9M | $3.8M | $0.4M | — | $91.7M |
| 2024 | $28.5M | $28.1M | $25.4M | $7.5M | n/a | — | $89.4M |
| 2025 | $30.3M | $29.8M | $26.6M | $7.9M | $0.5M | $0.3M | $95.3M |
Source: PokerScout US Online Poker Revenue and Tax Tracker; New Jersey Division of Gaming Enforcement. Totals may not sum exactly due to rounding.
The early years: 2013-2018
Before Pennsylvania and Michigan arrived, the regulated market was a three-state affair. PokerScout puts total US online poker revenue at just $3.9 million in 2013 (New Jersey $3.2M, Nevada $0.5M, Delaware $0.2M), the partial launch year. The first full year, 2014, produced $35.2 million. After that the market drifted lower each year: $28.7 million in 2015, $30.5 million in 2016, $27.4 million in 2017 and $24.9 million in 2018. Without new states, the industry was slowly shrinking.
The pandemic jump and the new-state era
Pennsylvania's launch in late 2019 and the COVID-19 lockdowns of 2020 combined to nearly triple the market, from $29.4 million in 2019 to $82.2 million in 2020. New Jersey alone posted $38.8 million in 2020, a figure it has not approached since. Michigan's 2021 launch then pushed the national total to $95.7 million, and 2022 set the all-time high of $97.9 million. The three years that followed were a slow fade until shared liquidity reached Pennsylvania in 2025.
2025 Market Share by State
Using the 2025 figures above, here is how the US online poker market divides by state. Percentages are DeucesCracked calculations based on the $95.3 million total.
- New Jersey — $30.3M (about 31.8% of US online poker revenue)
- Pennsylvania — $29.8M (about 31.3%)
- Michigan — $26.6M estimated (about 27.9%)
- Nevada — $7.9M estimated (about 8.3%)
- Delaware — $0.5M (about 0.5%)
- West Virginia — $0.3M estimated (about 0.3%)
New Jersey reclaimed the top spot in 2025 for the first time since 2020. Its regulator data is precise: the Division of Gaming Enforcement's December 2025 internet gaming tax return lists calendar-year peer-to-peer poker win of $30,268,221. That total came from three licensees: Borgata ($13.85M, which hosts the BetMGM/Borgata/partypoker network), Caesars Interactive NJ via its Tropicana affiliate ($9.28M, home of WSOP.com) and Resorts Casino Hotel ($7.14M, the license used by PokerStars).
Online Poker vs. Online Casino: The Scale Gap
The most striking feature of the data is how small poker is next to the online casino products sold on the same licenses. This is why anyone writing about "online gambling revenue records" needs to separate the two.
| State (2025) | Online poker revenue | Total iGaming revenue | Poker share |
|---|---|---|---|
| New Jersey | $30.27M | $2,911.24M (internet gaming win) | ~1.04% |
| Pennsylvania | $29.8M | $2,775.55M | ~1.07% |
| Michigan | ~$26.6M (est.) | ~$3.1B (iGaming gross receipts) | ~0.9% |
New Jersey's DGE reported $2.88 billion of "other" (casino) internet game win in 2025 against $30.3 million of poker. Pennsylvania's Gaming Control Board reported total iGaming revenue of $2.78 billion in 2025, up from $2.18 billion in 2024, inside a record $6.80 billion statewide gaming total. Michigan's iGaming gross receipts were about $3.1 billion, according to Card Player's year-end coverage. In other words, poker generates roughly one dollar for every hundred dollars that online slots and table games bring in.
The reason is structural. Online casino games are house-banked: the operator wins whatever the players lose. Peer-to-peer poker is player-versus-player, so operators earn only rake and tournament fees. A deep, healthy poker ecosystem still produces modest revenue because most money simply changes hands between players. Our guide to the best online poker sites explains how rake structures differ across the regulated rooms.
Shared Liquidity and the 2025 Rebound
The single biggest event in the data is Pennsylvania's entry into the Multi-State Internet Gaming Agreement (MSIGA). Pennsylvania officially joined in April 2025, becoming the compact's sixth and largest member, and interstate tables launched on April 28, 2025, with BetMGM and its Borgata skin among the first operators to pool players.
MSIGA timeline
| Date | Event |
|---|---|
| 2014 | Nevada and Delaware sign the original interstate compact, creating MSIGA |
| March 2015 | Nevada and Delaware begin sharing poker tables |
| 2017 | New Jersey joins under Gov. Chris Christie |
| 2018 | New Jersey begins sharing tables with Nevada and Delaware |
| May 2022 | Michigan joins MSIGA |
| January 2023 | PokerStars launches a shared Michigan–New Jersey player pool |
| November 2023 | West Virginia becomes the fifth MSIGA member |
| May 2024 | WSOP Online adds Michigan to its shared pool |
| April 2025 | Pennsylvania joins; interstate play begins April 28, 2025 |
What the numbers showed immediately
The effect was visible in the first full month. Pokerfuse reported that combined New Jersey and Pennsylvania online poker revenue reached $5.4 million in May 2025, up 22% year over year, with New Jersey at $2.65 million (+23%) and Pennsylvania at $2.75 million (+21%). US regulated online poker as a whole grew more than 20% that month, which the outlet called the largest single-month growth in recent memory. Before the change, WSOP's revenue had been falling between 5% and 12% a month through April 2025; afterward, WSOP Online rose about 50% year over year to more than $1.5 million.
Annual data confirms the shift. Pennsylvania rose from $28.1 million in 2024 to $29.8 million in 2025, New Jersey from $28.5 million to $30.3 million, and the national total climbed 6.6%. It was the first year-on-year increase since 2022.
The limits of the rebound
Shared liquidity did not reverse the long-term trend entirely. Card Player reported December 2025 online poker revenue of $2.3 million in Pennsylvania and $2.2 million in New Jersey, each down 7.8% year over year. In July 2026, New Jersey ($2.55 million) and Michigan ($2.6 million) were both down 6.2% from July 2025. The pattern suggests the 2025 boost was a one-time step up in pool size rather than a new growth trajectory.
Operator Market Share
PokerScout's operator tracker groups revenue by network across all regulated states. Four networks control virtually all of the market.
| Month | Total | BetMGM network | PokerStars/FanDuel | WSOP | BetRivers |
|---|---|---|---|---|---|
| May 2025 | $9.27M | $3.69M (39%) | $2.36M (25%) | $3.00M (32%) | $0.18M (1%) |
| Dec 2025 | $7.82M | $2.95M (37%) | $2.10M (26%) | $2.13M (27%) | $0.61M (7%) |
| Apr 2026 | $8.93M | $3.42M (38%) | $2.69M (30%) | $2.24M (25%) | $0.56M (6%) |
| Aug 2026 | $8.33M | $3.00M (36%) | $2.34M (28%) | $2.27M (27%) | $0.67M (8%) |
Source: PokerScout operator revenue tracker. Operator totals are estimates and can differ slightly from state-reported sums.
Three trends stand out. First, the BetMGM network (BetMGM, Borgata and partypoker) has been the US revenue leader since Pennsylvania joined shared liquidity; Pokerfuse noted it overtook PokerStars for the first time in May 2025. Second, PokerStars, which was excluded from Pennsylvania's initial pooling, fell to what Pokerfuse described as its lowest Pennsylvania month in about five and a half years in May 2025, before recovering share in 2026. Third, BetRivers has grown from roughly 1% to 7-8% of the market after expanding to four states in mid-2025, including a West Virginia launch.
Tax Revenue From Online Poker
Because poker revenue is small, so is the tax it generates. PokerScout's 2026 monthly tax data implies the following effective rates (tax divided by revenue):
- Michigan: roughly 25-27.5% of estimated poker revenue, reflecting the state's graduated iGaming tax.
- New Jersey: about 22.3%. New Jersey lawmakers agreed in June 2025 to raise the internet gaming tax from 15% to 19.75%, a compromise below the 25% Gov. Phil Murphy proposed; the effective figure in the tracker includes additional state assessments.
- Pennsylvania: about 15-16%.
- Delaware and West Virginia: roughly 15-17%, though the tiny dollar amounts make rounding significant.
- Nevada: about 6.8%, the lowest in the country.
Put in dollar terms, a typical 2026 month produces roughly $700,000-$820,000 in Michigan poker taxes, $500,000-$590,000 in New Jersey and $350,000-$400,000 in Pennsylvania. Across all six states, online poker generates only about $1.6-1.9 million in monthly state tax, which helps explain why legislators considering iGaming bills focus overwhelmingly on casino games rather than poker.
Monthly Revenue Ranges in 2026
PokerScout's 2026 monthly series (January through August) shows a remarkably stable market:
- Michigan has been the largest single state by monthly revenue in 2026, ranging from about $2.59 million to $3.15 million (estimated), peaking in February.
- New Jersey ranged from about $2.24 million to $2.63 million.
- Pennsylvania ranged from about $2.20 million to $2.56 million.
- Nevada held between about $0.56 million and $0.67 million (estimated).
- Delaware and West Virginia each produced well under $0.1 million per month.
Seasonality is muted compared with live poker, though February and May typically run high, reflecting winter play volume and the spring online tournament series that lead into the summer WSOP schedule.
What the Data Means for Players
Revenue is a proxy for player activity. When rake revenue rises, it usually means more tables, larger guarantees and softer games. The 2025 data suggests shared liquidity concentrated traffic onto the networks that could pool the most states, BetMGM and WSOP in particular, while players on single-state networks saw thinner schedules.
For a player choosing where to play, the practical takeaway is that the network matters as much as the brand. A site with four-state liquidity will run more tournaments at more buy-in levels than a single-state room. If you are new to the regulated market, our beginner's poker guide covers the fundamentals, and our poker strategy hub goes deeper on adjusting to different player pools. Before you commit to a game, the poker equity calculator is useful for checking spots against the ranges you are likely to face.
Methodology
This analysis combines three types of data. First, official state regulator filings: the New Jersey Division of Gaming Enforcement's monthly internet gaming tax returns (which break out peer-to-peer poker win by licensee) and the Pennsylvania Gaming Control Board's annual and monthly revenue reports. Second, the PokerScout US Online Poker Revenue and Tax Tracker, which compiles regulator data and publishes estimates for Michigan, Nevada and West Virginia, where poker is not consistently reported as a stand-alone figure; PokerScout notes its estimates began in January 2024. Third, contemporaneous reporting from Pokerfuse, Card Player and other trade outlets for monthly year-over-year changes and the MSIGA timeline.
Revenue means gross gaming revenue from peer-to-peer poker (rake and tournament fees), not amounts wagered. Market shares and poker-to-iGaming ratios are DeucesCracked calculations from the cited figures. Implied tax rates divide reported or estimated tax by revenue and should not be read as statutory rates. All dollar figures are nominal and not adjusted for inflation. Where state and operator totals differ, we report the state total and note the discrepancy.
Frequently Asked Questions
How much revenue does US online poker generate per year?
Regulated US online poker generated about $95.3 million in 2025 across New Jersey, Pennsylvania, Michigan, Nevada, Delaware and West Virginia, according to PokerScout. The all-time annual high was $97.9 million in 2022.
Which state has the largest online poker market?
New Jersey was the largest market in 2025 at $30.3 million, narrowly ahead of Pennsylvania at $29.8 million. In 2026 monthly data, Michigan's estimated revenue has frequently been the highest of any single state.
How big is online poker compared with online casino revenue?
Very small. In New Jersey, poker accounted for about 1.04% of 2025 internet gaming win ($30.3 million out of $2.91 billion). In Pennsylvania, poker was about 1.07% of the $2.78 billion iGaming total.
Did shared liquidity increase online poker revenue?
Yes, at least initially. After Pennsylvania joined MSIGA in April 2025, combined New Jersey and Pennsylvania poker revenue rose 22% year over year in May 2025, and 2025 national revenue rose 6.6%. Later months showed renewed year-over-year declines.
Which online poker network earns the most in the US?
The BetMGM network (BetMGM, Borgata and partypoker) has led PokerScout's operator rankings since mid-2025, typically holding 31-41% of monthly revenue, followed by PokerStars/FanDuel and WSOP.
Sources
- PokerScout — U.S. Online Poker Revenue and Tax Tracker
- New Jersey Division of Gaming Enforcement — December 2025 Internet Gaming Tax Return
- Pennsylvania Gaming Control Board — 2025 Year-End Revenue Report
- Pokerfuse — How Shared Liquidity in PA Transformed US Online Poker
- Card Player — Three Largest Online Casino States Enjoy Record Year in 2025
- Card Player — Pennsylvania Online Poker Joins Multi-State Liquidity Pool
- Card Player — West Virginia Joins Online Poker Interstate Compact
- BettingUSA — Interstate Online Poker and MSIGA
- CDC Gaming — New Jersey Internet Gaming Tax Raised to 19.75%
- PokerSites.org — US Online Poker Revenue Slides Again (July 2026)
Cite This Article
If you use data from this article, please link back to https://www.deucescracked.com/blog/us-online-poker-revenue-by-state-2013-2026-data. Suggested citation: DeucesCracked Editorial, "US Online Poker Revenue by State: 2013-2026 Data," DeucesCracked, November 2026. For more reference studies, browse our research archive.
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