Finance

PA posts record igaming and sports betting revenue in October

2 minutes read
Record online gambling and sports betting revenue in October drove overall market revenue in Pennsylvania up 12.9% year-on-year, according to new figures from the state Gaming Control Board (PGCB).

Statewide gambling revenue for the month totalled $320.2m, up from $283.7m in the same month last year, and also 12.7% higher than $284.2m in September this year.

Growth within the state’s online gambling market was one of the main reasons for this increase, with igaming revenue rocketing from $4.9m in October 2019, the first full month in which online casino was available to $59.8m. This represents highest ever monthly total for the vertical, surpassing the previous record of $57.0m set in September.

Online slots revenue reached $40.3m, while internet table games revenue totalled $17.0m, and revenue from online poker – which is currently only offered by PokerStars, via Mount Airy Casino Resort – amounted to $2.4m. A total of $24.9m was generated in tax revenue from igaming activities in the month.

Looking at individual operator performances, Rivers Casino Philadelphia again ranked first in terms of revenue, posting $16.6m for the month, up 564.0% from $2.5m last year.

Penn National and partner DraftKings placed second with $15.5m in revenue, an increase of 761.1% on October 2019, then Valley Forge Casino Resort on $10.0m, with no year-on-year comparable as it did not launch igaming until January this year.

Other stand-out performers included the Mount Airy Casino Resorts with $6.9m in revenue, Parx Casino on $5.9m and the Mohegan Sun Pocono with $2.6m.

Read the full story on iGB North America.

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