Pennsylvania Online Gambling Revenue
In Pennsylvania, online casinos continued a rocketing revenue run with a record in October of nearly $59.8 million.
- Pennsylvania Online Gambling Revenue Calculator
- Pennsylvania Online Gambling Revenue Certificate
- Pennsylvania Online Gambling Revenue Codes
- Pennsylvania Online Gambling Revenues
- Pennsylvania Online Gambling Revenue Reporting
Pennsylvania bean counters entered a big zero for online sports betting revenue during the first year and four months of legal sports betting. App it to Amp it There is little doubt in anyone’s mind that May 31 is a day when things should certainly amp up aspirations for Pennsylvania’s sports betting revenue. Aug 17, 2020 Pennsylvania casinos reported that revenue returned to pre-pandemic levels in July, but the numbers also show how dramatically legal gambling has shifted from brick-and-mortar casinos to the. Pennsylvania casino revenue increased by 13% in October compared to year-over-year numbers, fueled by record-breaking activity in the internet gaming and sports betting segments. That said, online gambling did not completely suffer. Rather, both online casinos and online poker saw an uptick. Last month, industries in both New Jersey and Pennsylvania seemingly compensated despite the lack of sports. New Jersey online gambling flourishes. Believe it or not, online gambling has been a mainstay in New Jersey for going on. Record Gaming Revenue In Pennsylvania after Online Gambling and Sports Betting Legalization. With the global process of continuous and unceasing growth of the online gambling industry many American states have legalized online gambling and sports betting in their area.
That’s a healthy increase from the former record of $57 million set just a month before, according to the Pennsylvania Gaming Control Board (PGCB) figures.
Total gaming — retail casino slots and table games, online casinos, retail and online sportsbooks, poker, VGTs and fantasy contests — generated combined revenue of more than $320.2 million. That’s up 12.87% compared to revenue generated in October 2019.
The total tax revenue generated through all forms of gaming was more than $130.1 million during October 2020. Of that, $24.9 million came from iGaming.
Online table game revenue really jumps
In October, interactive slots took in nearly $40.4 million, online table games nearly $17 million and poker more than $2.4 million.
In September, online slots had accounted for more than $39.9 million in revenue, with an additional $14.7 million from online table games.
Also in October, total wagers on table games topped $1 billion — a first.
Online poker steady, VGT revenue up
With just one operator, PokerStars PA via Mount Airy Resort, online poker generated more than $2.4 million in October. That continues a trend down from $2.7 million in revenue in August.
Truck stop video gaming terminals generated nearly as much revenue as online poker — more than $2.4 million. There are now four operators with machines in 37 locations; each location has five machines.
Sports wagering handle hits new highs
In October, sports betting was up significantly over the previous year, with a total handle of more than $525.8 million. That’s more than double the handle a year ago, when it was nearly $241.2 million.
Additionally, the taxable sports wagering revenue figure of $36.8 million for October 2020 set a record, eclipsing the previous monthly revenue high of more than $22.8 million in January of this year.
Pennsylvania Online Gambling Revenue Calculator
Nov. 17 marks two years since the very first legal sportsbook opened in Pennsylvania.
Casino-based games down
Casino-based slots and table games, with COVID-19 capacity restrictions, were down 17.22% and 13.43%, respectively, but online gaming channels have made up the difference and then some.
A year ago, there were 23,786 slots on the casino floors, but there were just 16,611 in operation this October.
October online casino breakdown by PA operator
Pennsylvania Online Gambling Revenue Certificate
A complete breakdown of October revenue, including slots and table games by operator (online gaming license holder), can be found here:
| Casino Operator | Total Revenue | Slots Revenue | Table Games Revenue |
|---|---|---|---|
| Rivers Philly (SugarHouse & BetRivers) | $16.6 million | $14.1 million | $2.5 million |
| Penn National (DraftKings Casino) | $11.0 million | $5.1 million | $6.0 million |
| Valley Forge (FanDuel) | $10.0 million | $5.0 million | $5.0 million |
| Parx Casino | $5.9 million | $5.1 million | $793,000 |
| Mt. Airy (PokerStars & Fox Bet) | $4.5 million | $2.9 million | $1.6 million |
| Penn National (Hollywood Casino) | $4.5 million | $4.2 million | $269,000 |
| Mohegan Sun Pocono (Unibet) | $2.6 million | $2.1 million | $492,000 |
| Harrah's Philly (Caesars) | $774,000 | $628,000 | $146,000 |
| Wind Creek Casino | $596,000 | $534,000 | $62,000 |
| Presque Isle Downs (BetAmerica) | $485,000 | $375,000 | $110,000 |
| Live! Casino Philadelphia | $278,000 | $248,000 | $30,000 |
| Totals: | $57.3 million | $40.3 million | $17.0 million |
Casino operators by the numbers
Pennsylvania Online Gambling Revenue Codes
Five operators had total online casino revenue above $5 million.
- Rivers Philly, which combines SugarHouse and BetRivers, topped $16.6 million, with more than $14 million in revenue from slots.
- Penn National/DraftKings topped $11 million in online revenue, with more than half from table games.
- Valley Forge/FanDuel hit more than $10 million in online revenue, with table games accounting for more than half.
- Mount Airy, which includes PokerStars and Fox Bet, brought in more than $9.4 million when online table games, online slots and online poker are combined.
- And Parx had nearly $6 million in iGaming revenue.
Pennsylvania Online Gambling Revenues
Live! Casino Philadelphia, which is still new, trailed everyone with just $278,463 in total online revenue in its third full month in operation.
Pennsylvania Online Gambling Revenue Reporting
Lead image via Dreamstime.