Pennsylvania breaks gaming revenue record in November as betting spikes
The record figure represents a 52.1% increase on the same time in 2020, when revenue came to $284.3m.
Hollywood Casino at Penn National was the biggest contributor to the revenue total, generating $60.1m. Valley Forge Casino Resort was next with $57.1m, followed by Parx Casino with $56.3m. Live! Casino Philadelphia experienced the largest revenue increase from 2020, increasing 6,140.1% to $18.4m.
Land-based slots proved to be the most popular form of game with revenue of $185.5m – up 43.2%. Land-based table games contributed $82.9m, while sports betting revenue saw a 70.5% increase in revenue, amounting to $63.7m.
Total igaming revenue for the month came to $93.9m, an increase of 57.1% from November 2020, with Hollywood Casino at Penn National, which operates a DraftKings-branded product as well as its own site, leading the way with $37.4m. Online slot revenue totalled $63.5m while online table game revenue came to $27.7m.
Parx Casino’s slot revenue total of $31.6m was a 14.7% improvement on 2020. Wind Creek Bethlehem recorded $22.6m for slots, while Rivers Casino’s Pittsburgh site came next with $21.1m.
Looking at sports betting, statewide handle amounted to $761.6m, up 55.0%. From this total, operators took in sports betting revenue of $63.7m, also a record high and up 70.0% from the same point in 2020.
Valley Forge’s FanDuel-operated sportsbook contributed $242.0m to the handle total, with Hollywood Casino sites at the Meadows (where it operates its Barstool Sportsbook) and at Penn National (a DraftKings partner) adding $217.0m and $76.0m respectively.
Valley Forge led the way in sports betting revenue revenue with $29.1m, followed by the Meadows with $12.0m and Penn National with $7.2m.