Pennsylvania’s September iGaming revenue increases 41.5% to $159.5m; a third of monthly total

The Pennsylvania Gaming Control Board has released its revenue report for September, which shows an overall year-on-year revenue increase of 6.2% to $476.3m, and a record 41.5% year-on-year increase in total iGaming revenue to $159.5m.

The popularity of iGaming in the Keystone State means that, for this month, it represented a third of Pennsylvania’s total gambling revenue.

In August, September’s iGaming revenue also increased a substantial 35%.

Within the sectors of iGaming, slots generated the most revenue in September with a 47.3% year-on-year increase to $77.9m, while online table games increased 31.7% to $42.4m and online poker slightly dipped from $2.7m to $2.4m year-on-year.

Of the 12 casinos that offer iGaming, the operators that generated the most revenue were Hollywood Casino at Penn National Race Course with $64.9m, Valley Forge Casino Resort with $35.4m and Rivers Casino Philadelphia with $29.2m.

The only other positive change within the state’s gaming revenue types was with land-based slot games, which only increased marginally from $198.5m to $199.9m year-on-year. Table games, sports wagering, video gaming terminal (VGT) and fantasy contest revenue all decreased year-on-year by at least 6.5% each.

Of the state’s 19 casinos, the top three revenue generators were Hollywood Casino at Penn National Race Course with $77m total, Valley Forge Casino Resort with $66.1m and Parx Casino with $55.8m. The casinos that generated the most slot revenue were Parx Casino with $31.5m, Wind Creek Bethlehem with $23.7m and Rivers Casino Pittsburgh with $21.2m.

Retail table game revenue was down 7.8% overall, with even the top table game revenue-generating casino, Wind Creek Bethlehem with $19.8m, down 6.8% year-on-year. Parx Casino brought in $16m (a decrease of 3.2%) and Live! Casino Philadelphia brought in just under $8m. Only three out of the 17 casinos with table games saw an increase in their table game revenue.

Sports betting revenue in particular suffered a 27.1% decrease year-on-year to $36.6m. The total handle for the month, however, increased by 12.6% to $726.3m. Parx Casino (BetParx) generated the most retail sportsbook revenue with $1.1m, while Valley Forge Casino Resort (FanDuel) generated the most online sports betting revenue with $18.9m.

Fantasy contests also decreased 6.6% year-on-year to $1.8m, while VGT revenue decreased 7.2% to $3.2m. VGTs, however, still remain controversial in the state with several Senate discussions, legal briefs and policy committee hearings occurring over the last three months surrounding the regulation of these devices.

Stephanie Feeley

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