Pennsylvania sees igaming revenue surge in April
Pennsylvania’s online gaming revenue almost doubled to in April, and with all casinos closed during the month, the vertical accounted for 93.4% of the state’s gambling revenue for the month.
Total revenue declined sharply to $46.1m, representing an 83.8% year-on-year decline, with land-based slot and table games revenue wiped out by the shut-down from March 17. Last year slots in bricks-and-mortar venues contributed $200.4m to the state total, with a further $77.4m coming from table games.
Online gaming – which only launched in July 2019 – accounting for $43.1m of the total. This represented a 77.5% increase on March’s igaming revenue of $24.3m.
For April 2020, igaming growth was driven by online slots, for which revenue more than doubled to $27.3m, a 121.2% month-over-month increase. Table games also reported growth, albeit more modestly, with revenue up 19.4% at $10.5m.
Poker, which is only offered by The Stars Group – via its partnership with Mount Airy Casino – accounted for a further $5.3m, up 67.7%.
Rush Street’s Rivers Casino Philadelphia led the market for April, with revenue up 102.8% to $13.7m. It was followed by Mount Airy, for which more than half of its $10.4m total came from online poker.
Valley Forge, and its partner FanDuel, saw online casino revenue rise 59.7% to $7.9m, while Penn National’s Hollywood Casino’s 67.0% month-over-month growth took it above Parx into fourth place.
The month also included the first contribution from DraftKings’ and Caesars Entertainment’s online casino products. The Caesars offering, which went live on 23 April under the Harrah’s Philadelphia license, generated $231,464.
DraftKings’ offering began its test launch under Penn National’s license from April 29, before its official roll-out early in May. For those two days of live testing, it generated revenue of $29,416.
Read the full story, including the revenue breakdown for sports betting and fantasy sports, on iGB North America.