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Gaming revenue rises in Pennsylvania

gaming revenue pennsylvania
Total tax revenue from all these verticals was US$122.3 million during August.

Total gaming and fantasy contests revenue from Pennsylvania rose 6.3% in August when compared to the same period last year.

US.- The Pennsylvania Gaming Control Board (PGCB) has released the latest financial report, indicating that revenue increased in the state during August operations. The PGCB said that total gaming and fantasy contests revenue generated in the state last month was 6.3% higher than what was generated during the same period last year.

The report includes revenue from slot machines, table games and online gaming. It also features retail and online sports betting, fantasy contests (DFS) and video gaming terminals. Total tax revenue from all these verticals was US$122.3 million during August.

Gross revenue from slot machines at the state’s 12 casinos was US$206 million. The figure is 2.25% higher than the US$201.7 million generated in August 2018. The average number of slot machines operating on a daily basis was 24,451, lower than the 25,511 in August 2018.

Table games generated US$76.1 million in revenue, an increase of 4% over August 2018 when revenue was US$73.2 million. Total tax revenue from table games during August was $12.2 million with an average of 1,272 tables in daily operation.

Online gambling

Online casino gross revenue was US$3.4 million during August. SugarHouse Casino was the leading operator, with US$1.3 million in slot revenue and US$285k in table games revenue, a total of US$1.6 million. Parx Casino registered more table games revenue (US$552k) but less slots revenue (US$543k), a total of US$1.09 million. Hollywood Casino at Penn National Race Course generated a total of US$684k.

Sportsbooks in Pennsylvania register US$109 million in handle

Sportsbooks in the state generated US$9.9 million and registered a record US$109 million in handle.

Online and retail sportsbooks’ record in August is US$4.8 million higher than the previous record of US$5.1 million in July. The performance also sent US$2.1 million into state and local government coffers. Online sports betting increased from US$39 million in July to US$83.2 million, which is a 65.7% rise from July. It also represents 76% of Pennsylvania’s total handle.

Moreover, retail sportsbooks in Pennsylvania also registered a good performance during last month’s operations. SugarHouse’s sportsbook was the one with the biggest lead in August, with US$5.4 million in bets and US$816k in revenue.

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