Managing Editor
Regulated online poker is a $100 million-per-year industry in the U.S. Although it’s a fraction of the size of the online casino and sports betting markets in dollar terms, it’s seen as important enough to player acquisition that the top five iGaming operators offer some form of peer-to-peer poker product.
The landscape of U.S. online poker has shifted over the years, with the early leaders PokerStars and WSOP giving way to BetMGM Poker, while newcomer BetRivers is also making a splash.
Official revenue data goes back to the market’s debut in 2013. However, reporting standards vary by state, so the picture is incomplete. PokerScout’s estimates start from January 2024 due to a change in New Jersey’s reporting that year that made it easier to fill in the blanks.
Revenue Trends — June 2026
The story of the year so far is Flutter’s decision to discontinue its PokerStars-branded sites in the U.S. and reboot its poker offering on the FanDuel platform.
Preliminary numbers suggest that it was a good decision. In April, its first month of operation, FanDuel Poker reversed a year’s worth of revenue loss by PokerStars, and established itself as the second-place operator behind BetMGM, overtaking WSOP.
In May, BetMGM’s lead shrank further, from eight points to four. PokerStars only gained slightly, however, as most of BetMGM’s lost revenue went to other competitors. Still, the market lead once June revenue numbers come in could equally easily be PokerStars/FanDuel, BetMGM, or WSOP the way current trends are going.
BetMGM has grown to be the dominant force in US poker for most of the year. WSOP’s traffic is seasonal due to its association with the live World Series of Poker, which has historically put it in the top spot in the summer months.
| BetMGM | PokerStars/FanDuel | WSOP | BetRivers | DraftKings | TOTAL | |
|---|---|---|---|---|---|---|
| 2025/05 | $3.69M (39.8%) | $2.37M (25.5%) | $3.00M (32.4%) | $0.18M (2.0%) | $0.03M (0.3%) | $9.27M |
| 2025/06 | $3.07M (33.5%) | $2.06M (22.6%) | $3.59M (39.3%) | $0.40M (4.3%) | $0.03M (0.3%) | $9.15M |
| 2025/07 | $3.32M (35.7%) | $2.32M (25.0%) | $3.10M (33.4%) | $0.53M (5.7%) | $0.02M (0.2%) | $9.28M |
| 2025/08 | $3.68M (40.5%) | $2.29M (25.3%) | $2.51M (27.6%) | $0.59M (6.5%) | $0.02M (0.2%) | $9.08M |
| 2025/09 | $3.52M (41.8%) | $1.89M (22.5%) | $2.35M (28.0%) | $0.62M (7.4%) | $0.03M (0.3%) | $8.41M |
| 2025/10 | $3.44M (37.7%) | $2.09M (22.9%) | $2.93M (32.2%) | $0.65M (7.1%) | $0.01M (0.2%) | $9.12M |
| 2025/11 | $3.01M (38.5%) | $1.78M (22.8%) | $2.40M (30.7%) | $0.62M (8.0%) | $0.01M (0.1%) | $7.82M |
| 2025/12 | $2.96M (37.8%) | $2.10M (26.9%) | $2.14M (27.3%) | $0.62M (7.9%) | $0.01M (0.1%) | $7.83M |
| 2026/01 | $3.65M (40.3%) | $2.18M (24.0%) | $2.52M (27.8%) | $0.70M (7.8%) | $0.01M (0.1%) | $9.06M |
| 2026/02 | $3.19M (40.6%) | $1.89M (24.0%) | $2.23M (28.4%) | $0.55M (7.0%) | $0.01M (0.1%) | $7.87M |
| 2026/03 | $3.45M (41.8%) | $1.71M (20.8%) | $2.47M (29.9%) | $0.62M (7.5%) | $0.01M (0.1%) | $8.26M |
| 2026/04 | $3.42M (38.3%) | $2.70M (30.2%) | $2.24M (25.1%) | $0.56M (6.3%) | $0.01M (0.1%) | $8.94M |
| 2026/05 | $2.88M (34%) | $2.56M (30%) | $2.2M (26%) | $0.61M (7%) | $0.01M (0%) | $8.29M |
Data shown for the trailing 12-month period.
Revenue and Taxes by State
Pennsylvania is the largest iGaming market in the U.S. due to its high population, although Michigan outperforms it in per capita terms.
| PA | MI (Est.) | NJ | NV (Est.) | WV (Est.) | DE | |
|---|---|---|---|---|---|---|
| 2025/05 | $2.33M ($364k) | $2.73M ($733k) | $2.36M ($414k) | $0.57M ($39k) | $0M ($0k) | $0M ($0k) |
| 2025/06 | $2.75M ($436k) | $3.13M ($844k) | $2.65M ($463k) | $0.73M ($49k) | $0M ($0k) | $0M ($0k) |
| 2025/07 | $2.71M ($425k) | $2.84M ($765k) | $2.7M ($473k) | $0.79M ($53k) | $0.02M ($4k) | $0.05M ($8k) |
| 2025/08 | $2.51M ($399k) | $3.18M ($858k) | $2.72M ($605k) | $0.74M ($49k) | $0.03M ($4k) | $0.07M ($11k) |
| 2025/09 | $2.5M ($393k) | $3.18M ($857k) | $2.64M ($588k) | $0.65M ($44k) | $0.03M ($4k) | $0.06M ($9k) |
| 2025/10 | $2.31M ($361k) | $2.91M ($784k) | $2.47M ($549k) | $0.61M ($41k) | $0.03M ($5k) | $0.06M ($10k) |
| 2025/11 | $2.5M ($389k) | $3.16M ($853k) | $2.61M ($580k) | $0.71M ($48k) | $0.04M ($6k) | $0.08M ($12k) |
| 2025/12 | $2.27M ($355k) | $2.6M ($701k) | $2.23M ($498k) | $0.59M ($40k) | $0.04M ($5k) | $0.07M ($10k) |
| 2026/01 | $2.27M ($360k) | $2.61M ($700k) | $2.24M ($500k) | $0.56M ($38k) | $0.04M ($6k) | $0.07M ($11k) |
| 2026/02 | $2.5M ($397k) | $3.15M ($791k) | $2.62M ($585k) | $0.65M ($44k) | $0.03M ($5k) | $0.07M ($11k) |
| 2026/03 | $2.2M ($351k) | $2.67M ($721k) | $2.31M ($514k) | $0.57M ($39k) | $0.03M ($5k) | $0.06M ($10k) |
| 2026/04 | $2.22M ($352k) | $2.96M ($806k) | $2.35M ($525k) | $0.62M ($42k) | $0.03M ($4k) | $0.06M ($9k) |
| 2026/05 | $2.56M ($383k) | $3.01M ($823k) | $2.63M ($586k) | $0.62M ($41k) | $0.03M ($6k) | $0.06M ($9k) |
Parenthetical amounts are the portion of revenue collected by the state government.
Previous Year Totals by State
Legal online poker in the U.S. debuted in 2013. In the early years, the market consisted solely of New Jersey, Delaware, and Nevada. Other states joined from 2018 onward as part of the wave of iGaming expansion that coincided with the legalization of sports betting.
| PA | MI (Est.) | NJ | NV (Est.) | WV (Est.) | DE | TOTAL | |
|---|---|---|---|---|---|---|---|
| 2013 | $3.2M | $0.5M | $0.2M | $3.9M | |||
| 2014 | $29.1M | $5.6M | $0.6M | $35.2M | |||
| 2015 | $23.8M | $4.5M | $0.4M | $28.7M | |||
| 2016 | $26.5M | $3.6M | $0.4M | $30.5M | |||
| 2017 | $24.3M | $2.9M | $0.2M | $27.4M | |||
| 2018 | $21.4M | $3.2M | $0.3M | $24.9M | |||
| 2019 | $4.4M | $20.9M | $3.7M | $0.3M | $29.4M | ||
| 2020 | $35.9M | $38.8M | $6.9M | $0.6M | $82.2M | ||
| 2021 | $32.4M | $28.0M | $29.9M | $4.9M | $0.4M | $95.7M | |
| 2022 | $33.7M | $32.0M | $27.4M | $4.5M | $0.4M | $97.9M | |
| 2023 | $30.6M | $27.9M | $28.9M | $3.8M | $0.4M | $91.7M | |
| 2024 | $28.1M | $25.4M | $28.5M | $7.5M | N/A | $89.4M | |
| 2025 | $29.8M | $26.6M | $30.3M | $7.9M | $0.3M | $0.5M | $95.3M |
| 2026 (YTD) | $12.0M | $14.5M | $12.4M | $3.1M | $0.2M | $0.3M | $42.4M |
About the PokerScout Model
Every state iGaming regulator, save Nevada, has public revenue reporting obligations. However, each state’s format is different. Prior to 2024, no state reported revenue for individual brands and treated poker as separate from overall iCasino revenue.
Starting in January 2024, New Jersey changed its reporting structure to provide full information for each brand and vertical. That allows PokerScout to produce these proprietary estimates for other states, using certain assumptions.
The challenges for each state are as follows:
- New Jersey: Full data as of January 2024. Prior to then, some casino brands were lumped together on the same licenses, although what few poker brands existed at the time were on separate licenses.
- Michigan: Data is separated by individual operators, but poker revenue is lumped in with general iGaming revenue.
- Pennsylvania: Poker revenue is given separately, but some brands operate on the same license and are lumped in together. Most notably, BetMGM, BetRivers, and DraftKings are all combined on the Penn National license.
- West Virginia: Reporting is weekly, not monthly. Poker revenue is not separated out. There is only one operator (BetRivers), but its casino revenue is mixed in with other brands on the same license.
- Delaware: Full data, but only one operator.
- Nevada: No data, estimates only.
In general, PokerScout makes the following assumptions, adjusted in some cases for state-specific reasons:
- The share of an operator’s revenue coming from poker is similar from one state to another.
- The market share ratio between two brands is similar from one state to another.
- Revenue is roughly proportional to the market population.
- Revenue for partial weeks can be split between months on a pro rata basis.
