Wednesday, October 5, 2022
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Pennsylvania secures July uptick as sports betting & igaming lead the way

Pennsylvania has tracked a slight increase in revenue generated across all forms of gambling within the Commonwealth through July, with a 1.28 per cent uptick to $429m (2021: $423.65m) recorded.

This saw total tax revenue across slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals come in at $177.11m, which represents an increase of 1.4 per cent year-on-year from $174.65m.

Greenwood Gaming and Entertainment’s Parx Casino, which sat in second spot one month ago, retained its place at the summit that it also held one year earlier despite an 11.99 YoY revenue drop to $56.37m (2021: $64m). 

Hollywood Casino at Penn National, which sat top through June, slipped back into the second place it held during 2021 when revenue came in at $53.62m. For the current year the gaming venue secured a 4.05 per cent uptick to $53.62m.

Wind Creek Bethlehem, which was in fourth through June 2022 and July 2021, leapt forward a spot after seeing revenue rise 13.93 per cent to $50m (2021: $49.94).

Rounding off the top four is Rivers Casino Philadelphia, which slips one spot month-on-month and YoY after declining 13.72 per cent to $43.31m (2021: $50.2m).

Looking at specific game types and retail slots maintained its place at the summit, finishing head and shoulders above the rest despite dropping 4.03 per cent to $213.9m (2021: $222.87m). 

The total number of such machines in operation during the month stood at 25,684, which represents a narrow decline from the 25,710 situated in casinos one year earlier.

Table games revenue for July 2022 dropped less than one percentage point to $86.68m, with igaming recording an 11.15 per cent YoY increase to $98.57m (2021: $88.68m).

With Hollywood Casino at Penn National leading the way from Rivers Casino Philadelphia and Valley Forge Casino Resort, online slots and table games each brought upticks of 13.73 per cent and 4.53 per cent to $71.9m (2021: $63.26m) and $23.89m (2021: $22.85m), respectively.

Total sports betting handle through the month was $336.5m, up 10.54 per cent YoY from $304.41m, with revenue duly following suit by 28.14 per cent to $25.44m from 2021’s $19.85m.

Online took the lion’s share after charging 31.91 per cent to close the quarter at $22.64m (2021: $17.16m), with retail contributing $2.8m (2021: $2.69m).

Adjusted revenue for video gaming terminals was $3.61m or 3.73 per cent lower than July 2021’s $3.75m, with fantasy contests down 45.32 per cent to $858,569 (2021: $1.57m).

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