Record igaming revenue drives Pennsylvania market growth in September

Share on facebook
Share on google
Share on twitter
Share on linkedin

Total revenue in September was ahead of $448.5m in the same month last year. The figure was also 4.2% ahead of the $457.2m generated in Pennsylvania in August this year.

Retail slots remain some way out in front in terms of revenue share generating $199.9m, up 0.7% on last year. A further $75.2m came from physical table games, although this was 7.8% lower than September 2022.

The igaming segment reported the most significant growth in September. Revenue jumped 41.5% to $159.5m, an all-time high for the state, surpassing the previous record of $148.2m set in March.

Online slots revenue hiked 47.3% to $114.7m and internet table games revenue increased 31.7% to $42.4m. However, revenue from online poker slipped 10.4% to $2.4m.

Hollywood Casino at Penn National remains the clear market leader with $64.9m in igaming revenue in September. Valley Forge Casino Resort was again second with $35.4m and Rivers Casino Philadelphia third on $29.2m.

Pennsylvania sports betting revenue continues to decline in September

In contrast, Pennsylvania reported further declines within its sports betting market. Revenue for this segment dropped 27.1% year-on-year to $36.6m, despite handle climbing 12.6% to $726.3m.

Valley Forge and FanDuel reclaimed top spot within the market after slipping to second in August. The partnership heralded $19.1m in revenue from $256.4m in total bets in September.

Hollywood Casino at the Meadows and Barstool, which led the segment in August, placed second with revenue of $8.6m off a $230.5m handle. Parx Casino, partnered with Kambi, was third with $2.2m in revenue from $22.6m in wagers.

As for other gambling in Pennsylvania, video gaming terminal revenue was down 7.2% to $3.2m. In addition, fantasy sports revenue declined 6.6% to $1.8m, with DraftKings leading the segment with $1.3m in revenue.

Operators slapped with fines for regulatory breaches

Meanwhile, the Pennsylvania Gaming Control Board (PGCB) has issued a series of fines to operators for breaching state regulations. Fines totalling $73,075 were issued to three operators in the state.

Stadium Casino Westmoreland, operator of Live! Casino Pittsburgh, was fined $30,000. This included a $20,000 fine for allowing two self-excluded individuals to enter and gamble at its casino.

An additional $10,000 fine was issued for permitting underage gambling at the casino. The individual was able to access the gaming floor and play slot machines.

Elsewhere, Love’s Travel Stops & Country Stores was fined $25,000 for not informing the PGCB over ownership structure changes at five of its VGT Truck Stop Establishment locations.

In addition, the PGCB sanctioned Greenwood Gaming and Entertainment, operator of Parx Casino, over a delay in submitting two licence renewal applications. The operator has been ordered to pay $18,075.

Rivers Casino Philadelphia secures licence renewal in Pennsylvania

Also in Pennsylvania, the PGCB unanimously voted to renew the Category 2 stand-alone casino licence of Sugarhouse HSP Gaming, operator of Rivers Casino Philadelphia. The licence has been renewed for an additional five-year period.

Since opening in September 2010, Rivers Casino Philadelphia has generated $4.47bn in gross revenue. The facility offers retail slot machines and table games, as well as sports wagering and igaming. This has led to the state collecting over $1.94bn in tax revenue.

Leave a Reply

About Us

Intelligent Profiling develop cutting edge behavioural analysis platforms utilising in-session messaging, gamification, player journey engine and promotions management.

Recent Posts