Online Gambling Industry Continues to Thrive in Pennsylvania
Online gambling launched in Pennsylvania in July 2019. With over a year of services, the state continues to see growth and development, including setting new records when it comes to revenues. The August totals are now in and the records keep coming as both online casino and poker gaming have hit record highs for the state. In total, $55.9 million was earned in August. This is higher than July’s numbers by just over one million dollars.
Details of the Earnings
Of the $55.9 million earned, $24 million went to the state and $31.9 million was shared between operators. The month of August was an interesting one as it is the first where a comparison can be made from 2020 to 2019. When online casino gaming began, there were only three operators, now there are many more, as well as more games and content for players to enjoy.
In total, $55,942,525 was generated. This was $1.5 million over what was earned in July. The Rivers Casino is the leader in the market, having earned just over $17.1 million in August. They are the one to beat when it comes to online gaming action in the state.
For the Rivers, they held on to the top spot and have a significant lead in the market. They saw a more than 10% increase in revenues for the month. If you look at overall totals, the Wind Creek online casino did better, but they are a newcomer and have no totals from last year to consider.
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For the second-place position, Penn National saw an increase of 9.7%. It was the increase by Penn National and Rivers that helped the industry to see a huge boost in monthly totals from July to August as well as when compared to August 2019.
Unfortunately for Mount Airy and PokerStars, the month was not good. The two partners saw online slot gaming fall by 24%. Table games were down 19% and poker also dropped, with a 9% decrease. Mount Airy was expected to move up the list as a top earner as they were just shy of third in July. However, the drop pushed them down to fifth place.
Breaking Down the Revenues
For Pennsylvania online gaming operators, slots were the top earner. In total, $39.6 million was generated in slot gaming. Table games came in next with $13.6 million while poker came in last at $2.7 million.
For table games, Rivers saw their revenues increase by 26% and slots were up a lower amount, at 9%. Penn National had a huge jump in table game revenues, moving up 54%. Their slots were actually lower, with a 3% drop. It seems that DraftKings recent online casino launch helped Penn National to boost their earnings.
While Rivers and Penn National are at the top of the list, the lower end operators still saw success for the month. Caesars earned just over $700,000 for slot gaming while tables came in at just over $24,000. Live! Philadelphia is a relatively new operator, and managed to earn $24,485 from slots. Table games came in just over $600.
The industry continues to do well as players log in on a regular basis to play casino and poker games. It will be interesting to see how the industry grows from here and if the state continues to reach new record highs for revenues.
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