Pennsylvania: sports betting revenue rises 144 pct

Revenue from sports betting in Pennsylvania registered a 144% increase from August to September, PGCB says.

US.- The Pennsylvania Gaming Control Board (PGCB) has released the financial report from September 2019. From August to September, revenue from sports betting increased by 144%, while overall gaming rose 5% from 2018 in Pennsylvania

According to one of four new revenue reports from the PGCB, total revenue from retail and online sportsbooks totalled US$14.9 million, which is 144.1% more than the state achieved in August (US$6.1 million).

The gambling regulator also said that handle through retail and online totalled US$194 million in September. That figure is also 78.4% higher than the handle from August, when the state received U$109 million in wagers.

Valley Forge Casino was the leading operator in September, totalling US$5.1 million in combined revenue and US$88 million in handle. SugarHouse Casino’s total handle was US$37 million, while total revenue was US$2.9 million.

Parx Casino registered the biggest retail revenue in the state with US$1.07 million, but total revenue was US$2.3 million from a handle of US$21 million. Rivers Casino’s handle was US$30 million and total revenue US$2.09 million.

Total revenue figures

Total revenue in September was US$285.3 million, a 5.43% increase from September 2018’s US$270 million. September’s gross revenue from slot machines at the 12 casinos was US$188 million. This is a 4% decrease in revenue when compared to the US$196 million generated in September 2018.

Tax revenue from the play of slots machines in September of this year was US$96 million. Table games revenue for September 2019 was US$70 million, a decrease of 2.35% over September of last year when revenue was US$72 million.

Furthermore, online casino game gross revenue totalled US$5.3 million during September, which is a 55% increase over the August 2019 revenue total of US$3.4 million.