Pa Gambling Revenue
Statewide gambling revenue for the month totalled $320.2m, up from $283.7m in the same month last year, and also 12.7% higher than $284.2m in September this year.
Pa Casino Revenue Reports
Growth within the state’s online gambling market was one of the main reasons for this increase, with igaming revenue rocketing from $4.9m in October 2019, the first full month in which online casino was available to $59.8m. This represents highest ever monthly total for the vertical, surpassing the previous record of $57.0m set in September.
In the 2018-19 fiscal year, the Pennsylvania Gaming Control Board (PGCB) reported a total win of more than $3.3 billion. As a result of the decline, the state gaming regulator reported tax revenue. Total gaming and fantasy contests revenue generated in the Commonwealth during October 2020 was $320,218,237, which represents an increase of 12.87% compared to revenue generated in October 2019. Sources of gaming revenue regulated by the Pennsylvania Gaming Control Board include slot machines, table games, internet gaming, retail and internet. Pennsylvania Sports Betting Revenue Ready to App Up to Catch up Pennsylvania total handle from sports betting operations in April was just over $36 million. One might assume that’s a nice month at the ticket window. However, total revenue was a paltry $4.2 million, down over a full million dollars from March numbers.
Online slots revenue reached $40.3m, while internet table games revenue totalled $17.0m, and revenue from online poker – which is currently only offered by PokerStars, via Mount Airy Casino Resort – amounted to $2.4m. A total of $24.9m was generated in tax revenue from igaming activities in the month.
Looking at individual operator performances, Rivers Casino Philadelphia again ranked first in terms of revenue, posting $16.6m for the month, up 564.0% from $2.5m last year.
Penn National and partner DraftKings placed second with $15.5m in revenue, an increase of 761.1% on October 2019, then Valley Forge Casino Resort on $10.0m, with no year-on-year comparable as it did not launch igaming until January this year.
Pa Gambling Revenue
Other stand-out performers included the Mount Airy Casino Resorts with $6.9m in revenue, Parx Casino on $5.9m and the Mohegan Sun Pocono with $2.6m.