PA betting & igaming mitigate land-based decline in July
Gambling revenue in Pennsylvania more than doubled month-on-month in July to $283.1m, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown.
Though revenue was only up 0.6% year-on-year from $281.5m in July 2019, the figure represented a 113.5% increase on $132.6m recorded in June of this year. This was down to the continuing strong performance of the state’s legal igaming products, aided by growth in the sports betting vertical.
The state’s casinos began to reopen in June – having been closed since March 16 due to Covid-19 – with all land-based casinos once again operational in July.
While this saw land-based gaming contribute the bulk of monthly revenue, both slots and table games reported year-on-year declines in revenue. Slots proved to be the main source of income, with revenue for the vertical amounting to $165.0m, down 17.3% from $199.6m last year.
Retail tables followed with $52.5m in revenue, but again this was down 31.8% from $77.0m in July 2019 as Pennsylvania continued with its recovery phase. Video gaming terminal revenue for the month also reached $2.1m in July.
Read the full story on iGB North America.