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Pennsylvania Gambling Revenue Soars On Betting And Online Gains

In November, the gambling industry in Pennsylvania experienced double-digit growth due in part to its rising vertical online gambling and sports betting.

Figures released by the Pennsylvania Gaming Control Board (PGCB) on Tuesday show total gaming revenue in November topping $292 m, up 13.2% from last year’s same month.

The sports betting operators of the state posted a new betting handle high of $316.5 m, up 31.2 percent from the total of October, though betting revenue fell marginally below the amount of October at $14.7 m. About 84 percent of the overall handle accounted for digital wagering outlets, around two points higher than in October.

Once again, Valley Forge Casino Resort and its FanDuel gaming affiliate reported the lion’s share of $149.7 m online handling, with two Rush Street Gaming assets–Rivers Philadelphia ($32.4 m) and Rivers Pittsburgh ($30.6 m) –well back into second and third place.
The betting market in Pennsylvania received two new online entrants in November with the help of DraftKings (partnered by The Meadows casino) and Unibet (partnered by Mohegan Sun Pocono) from the Kindred Group. On November’s ranking, Meadows ranked fifth with over $18 m, while Pocono ranked seventh with only $4.3 m.

The Mount Airy Casino Resort and its Fox Bet affiliate have yet to make a big impact in Pennsylvania, as their market ranking slipped from October to nearly $14.4 m from one spot to sixth despite their revenue growing by almost 40 percent.

ONLINE GAMBLING Through the introduction of two new sites in November, the five approved online gambling operators reported total revenue of $9.65 million, almost twice the amount of October. Internet slots revenue came in at $5.1 million, table games brought in $2.6 million, while the state’s only online poker site–the PokerStars Stars Group –took in just under $2 million in its first full month of operations.

The poker average of Pennsylvania is significantly higher as a percentage of the overall online figure than is the case across the New Jersey border where poker hit a record low revenue rate in November. It should be remembered that the online poker industry in New Jersey also charged out of the gate when the platform was introduced in 2013, only to fall into its current status as well.

LAND-BASED SLOTS & TABLES Slots revenue rose 3.4 percent to $189.3 m for those traditional land-based gaming verticals, while table game revenue fell 4.8 percent to $74.7 m.

Parx Casino ruled supreme with just under $54.3 m in terms of overall sales, up 12.6 percent year-on-year. Runner-up Wind Creek Bethlehem (formerly Sands Bethlehem) dropped 0.5 percent to $40.1 million, while Rivers Pittsburgh ranked third with $33.4 million (+ 14.5 percent).

Source: https://calvinayre.com/2019/12/17/business/pennsylvania-gambling-betting-revenue-growth-november/

About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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