- Pennsylvania Online Gambling Revenue Forms
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In Pennsylvania, online casinos continued a rocketing revenue run with a record in October of nearly $59.8 million.
Not only did Pennsylvania casinos report revenue of $281.5 million, which was more in line with pre-pandemic levels, but revenue from sports gambling and online casino games made up 22% of total. Nov 18, 2020 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. 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.
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.
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
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
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.
Live! Casino Philadelphia, which is still new, trailed everyone with just $278,463 in total online revenue in its third full month in operation.
Lead image via Dreamstime.
© JOSE F. MORENO/The Philadelphia Inquirer/TNS Morgan Sahm, a card dealer, awaits customers at a poker table surrounded by pandemic-era plastic shielding on the re-opening day for the Rivers Casino Philadelphia on July 17. 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 internet in the era of COVID-19.
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The Pennsylvania Gaming Control Board on Monday reported total gaming revenue of $283 million in July, up from $281.5 million a year ago, a 0.5% year-on-year increase that would be nothing to crow about during normal times. But it is remarkable because July was the first time since the coronavirus lockdown that most casinos were operating.
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A significant amount of business has shifted from casinos to online platforms in the last year. Online slots, table games and poker generated $54.4 million in July. Along with online sports betting, internet gaming generated $61.2 million in revenue in July, or nearly 22 percent of all casino gaming revenue.
Internet gaming generated less than $4 million statewide a year ago in July, just two months after Rivers Casino Philadelphia, then called the SugarHouse Casino, was the first casino in Pennsylvania to launch I-gaming. The timing of I-gaming launch was auspicious, because online platforms provided the only gaming revenue for casinos during several months of lockdown.
The boom in online gambling made up for substantial year-on-year declines in retail betting, as some customers remained at home even after most casinos reopened in June. Retail slots revenue, which accounts for more revenue than all other types of games combined, was down 17% from a year ago. Revenue from casino-based table games was down 32% from a year ago.
Online slots play has quadrupled since February, but growth seems to be slowing now that the casinos have reopened, said Max Bichsel, vice president of U.S. Business for Gambling.com Group.
“While online casino activity approached an all-time high in July with $54 million in revenue, growth for that sector of gaming in Pennsylvania seems to be flattening after a big surge during lockdown,” Bichsel said in a statement.
Sports betting, which was in its infancy when the coronavirus shut down most professional and collegiate competition, was up 22% from June as Major League Baseball and the NBA resumed games in late July. But it is still not up to pre-pandemic levels. About 84% of sports-betting revenue was generated online.
Among the state’s 12 operating casinos, there were winners and losers.
Parx Casino in Bensalem generated $59.9 million in revenue, up 14.4% from a year ago -- it was one of only three casinos to report increases in retail slots revenue. Total revenue at Parx was more than double the next closest Pennsylvania casino, the Wind Creek Bethlehem, where revenue was off 38% from last year. The Bethlehem casino launched I-gaming only on July 24, so it has missed out on the online gaming boom.
Rivers Casino Philadelphia, which did not reopen until July 17 following four months of coronavirus lockdown, experienced big declines in retail slots and table games revenue since it was open only half the month. But the Philadelphia casino was the statewide leader in Internet casino-type gaming revenue, pulling in $15.5 million in revenue, making up for much of its decline in retail business.
Valley Forge Casino Resort, acquired in 2018 by Boyd Gaming of Nevada, reported a 57.7% increase in revenue over last year, largely because of its successful association with FanDuel for online sports wagering and casino games.
Pennsylvania Online Gambling Revenue Forms
Revenue from gambling, either online or in the casino, tells only part of the story about the financial health of the state’s casinos.
Pennsylvania Online Gambling Revenue Rules
Casinos do not report non-gaming revenue to the Pennsylvania Gaming Control Board, but earnings from the sales of food, beverage and entertainment went to zero during the lockdown. Even though live customers have returned to casinos, most venues are limited by health department regulations and offer only limited food and beverage service, curtailing cash flow and inflicting continued workforce reductions.
Pennsylvania Online Gambling Revenue Statistics
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