PA February igaming revenue up YoY but monthly growth streak ends

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Pennsylvania casinos post flat $390M revenue in June, but top $5B in gambling win for a first time in FY 21/22

The combined revenue generated from all forms of gaming in Pennsylvania during June 2022 was almost flat at $389.8 million, a slight increase of 0.24% compared to revenue in the same month last year. However, Fiscal Year 2021/2022 revenue, which runs from July 1st to June 30th, reached a record $5.05 billion, according to a report from…

Finance ・ 20 July 2022

Online Poker Report

AGA Reports Record-Smashing Revenue Figures For 2021 US Gambling

Despite some continued disruptions from the COVID-19 pandemic, US casinos and online gambling sites had their best year to date. According to the American Gaming Association (AGA), 2021 gross gaming revenue for the commercial sector exceeded $53 billion. The previous record of $43.7 billion dates back to 2019. That's because of pandemic-related…

Finance ・ 20 February 2022

Observer - Reporter

Casinos set revenue record, and it's a good bet they'll set another

One minute into the interview, Doug Harbach stated the obvious. "Comparing 2021 to 2020 is unfair," said the communications director of the Pennsylvania Gaming Control Board, which regulates legalized gambling statewide. The state's 16 casinos generated $4.73 billion in revenue last year, a significant increase from $2.65 billion in 2020, when 14…

Finance ・ 31 January 2022

Yogonet

Detroit's three casinos report $1.2B in land-based revenue in 2021, below pre-pandemic

According to numbers released Tuesday by the Michigan Gaming Control Board, Detroit's three casinos have reported $1.294 billion in aggregate revenue in 2021, surpassing 2020 results, which were significantly impacted by the pandemic. However, they fell short of 2019's record total. 2021's revenue total exceeds the nearly $639 million in aggregate…

Covid ・ 13 January 2022

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The Detroit News

Detroit casinos report $1.29 billion in revenue for 2021

Detroit's three casinos netted $1.294 billion in aggregate revenue in 2021, beating 2020 results that were significantly impacted by the pandemic but falling short of 2019's record total. The 2021 revenue total exceeds the nearly $639 million in aggregate revenue the three casinos - MGM Grand Detroit, MotorCity Casino and Greektown Casino -…

Finance ・ 11 January 2022

The Morning Call

November revenue at Wind Creek casino up overall

Wind Creek Bethlehem recorded a nearly 55% increase in gambling revenue in November compared with the same month last year, but lags far behind other Pennsylvania casinos in sports wagering. The November 2021 figure is also up over the last two pre-pandemic comparative months, when Wind Creek's revenue came in around $40 million each month. Wind's…

Finance ・ 26 December 2021

The Mercury

State reports record gaming revenue in October

Gaming revenue for the state's casinos and fantasy contests was a record $426 million in October, the Pennsylvania Gaming Control Board said this week. It is a 33% increase from October 2020, and beats the previous high set in July. Total tax revenue was $172.3 million. For properties owned by Wyomissing-based Penn National Gaming Inc. , revenue at…

Finance ・ 25 November 2021

iGaming Business

Pennsylvania gaming revenue reaches record high in October

Parx Casino led the way in overall revenue, bringing in $457.4m, up 4.4% from 2020. Close behind was Hollywood Casino at Penn National, where revenue increased by 63.2% to $57.1m. Rivers Casino Philadelphia and Wind Creek Bethlehem followed, bringing in $46.3m and $46.2m respectively. Looking at revenue by product, slot machines accounted for…

Finance ・ 31 December 2021

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Gambling News

Pennsylvania Gambling Revenue in September Reaches $415.6 Million

Pennsylvania casinos are in for a celebration as September 2021 has proved to be far better than September 2020 as the total generated revenue by all of the gambling facilities, as reported by the state's regulators for this month, is $415.6 million. That is a 46% increase than September 2020, which equals $130 million higher revenue. September…

Finance ・ 21 October 2021

Gambling News

Detroit Casinos’ September Revenue Is $110.4 Million, According to MGCB

According to the numbers released by the Michigan Gaming Control Board (MGCB) on Tuesday, the three casinos in Detroit had total revenue of $110.4 million in September. Compared to the revenue of September last year, which was $87.9 million, that is a 25% increase. However, it is worth noting that in September 2020, the facilities were operating at…

Finance ・ 13 October 2021

The Detroit News

Detroit casinos bring in $110.4 million in revenue for September

Detroit's three casinos brought in $110.4 million in revenue in September, according to numbers the Michigan Gaming Control Board released Tuesday. That's up more than 25% from the $87.9 million the casinos reported in monthly aggregate revenue last September, when they were operating at 15% capacity under health restrictions tied to the COVID-19…

Finance ・ 12 October 2021

The Detroit News

Detroit casinos net $113.8 million in revenue in August

Detroit's three casinos netted more than $113.8 million in revenue in August, the Michigan Gaming Control Board reported Tuesday. Table games and slots at MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino collectively generated $112.17 million in revenue, while retail sports betting brought in $1.65 million, according to the state…

Finance ・ 14 September 2021

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PA Online Casino

PA Online Casinos Record Fifth Straight $100M Revenue Month in July

Pennsylvania's new fiscal year began with a bang for PA online casino revenue, bringing in more than $100 million in gross revenue for the fifth straight month. The state's iGaming gross revenue for July was more than $104.5 million, down slightly from $110.7 million in June and the record $111.6 million from March. Taxable online casino…

Finance ・ 21 August 2021

Online Poker Report

Pennsylvania Online Casinos See Revenue Drop In June

What goes up must come down. That's the conventional wisdom, anyway. For the most part, however, it hasn't been the case for online casinos, which enjoyed a huge revenue increase last spring when retail casinos shut down due to COVID. The pandemic has been an unprecedented event. While many presumed that the gains would be temporary, there was no…

Finance ・ 20 July 2021

Penn Bets

Casinos' Return To Pre-Pandemic Levels Will Have To Wait Another Month

Pennsylvania's land-based casinos again failed to match their pre-pandemic level of slots and table games activity in May. In fact, they backslid from the prior month. While the monthly report released Thursday by the Pennsylvania Gaming Control Board showed a record high level of $413.2 million generated in May by all forms of legal gaming, the…

Covid ・ 21 June 2021

Penn Bets

PA Casinos May Already Have Matched Pre-Pandemic Retail Revenue

When May revenue figures for Pennsylvania's casinos are released this week, they will reveal whether the state's long-running gaming venues have finally returned to their pre-COVID level of patronage. Pennsylvania's gaming industry already accomplished the feat in one sense in April, which saw a record $404.1 million in revenue collected from all…

Covid ・ 15 June 2021

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The Detroit News

As bettors flock back to casinos, Detroit venues netted $109M in April

Detroit's three casinos netted nearly $109 million in revenue in April, one year since the start of a coronavirus pandemic-related casino shutdown that wiped out revenues for four straight months in 2020. Even though the casinos continue to operate under capacity limits aimed at stopping the spread of COVID-19, the casinos were not too far off from…

Covid ・ 11 May 2021

Legal US Poker Sites

New Jersey Releases iGaming Revenue for March 2021

The New Jersey gambling industry is well on its way back to normal. It will be some time before land-based casinos and tracks resume full-capacity business. It may be even longer before slot machines and casino game tables are placed in close proximity as they were before the pandemic. Speaking of the pandemic, its impact on 2020 numbers is still…

Finance ・ 07 May 2021

Online Poker Report

PA Online Gambling Shows Signs Of Maturity, Hitting $98 Million In March

Pennsylvania's legalized online gambling market is beginning to slow down a little bit. Numbers released today by the Pennsylvania Gaming Control Board show a 293% increase in iGaming revenue in March 2021, compared with March 2020. However, the rise from February 2021's $78 million in gross revenue to March 2021's $98 million is less dramatic,…

Travel ・ 07 May 2021

The Detroit News

Detroit casinos repot $86.4 million in February revenue, a 29% decline

Detroit's three casinos reported $86.38 million in revenue for February, down nearly 29% from February 2020 - the last month before the coronavirus pandemic prompted casino closures and restrictions. The monthly aggregate revenue results from MGM Grand Detroit, MotorCity Casino and Greektown Casino reflect the second full month the venues were open…

Finance ・ 07 May 2021

Gambling News

New Record Month for Pennsylvania’s Online Gaming Revenue

Pennsylvania has kicked off 2021 with a new monthly record of $80.4 million in online gaming revenue, figures from the Pennsylvania Gaming Control Board show. Online gaming revenue in Pennsylvania reached a new record of more than $80.4 million in January. This is an 11% increase compared to the. The segment also eclipsed January 2020's numbers,…

Finance ・ 07 May 2021

Online Poker Report

Second Coronavirus Shutdown Sends PA Online Casino Revenue Soaring

Save for a dip in June and a flat month in November, 2020 was a year of constant growth for the Pennsylvania market. That's not surprising, as the market was only six months old to start the year and hadn't yet reached maturity. Even so, the extent of the growth was impressive. Total revenue for Pennsylvania online casinos and poker rooms in…

Finance ・ 07 May 2021

Calvin Ayre

Atlantic City casinos end three-year revenue growth streak in 2020

Atlantic City casinos snapped their three-year gaming revenue winning streak in 2020, with an uncertain future ahead in 2021. On Wednesday, the New Jersey Division of Gaming Enforcement announced that Atlantic City's nine casinos generated combined brick-and-mortar slots and table game revenue of $147.1m in December, a 29.5% decline from the same…

Land-based ・ 19 January 2021

Vegas Slots Online

NetEnt and Evolution Gaming Post Strong Q2 Results

NetEnt and Evolution Gaming have posted strong Q2 results, as the lack of sporting events during the pandemic shifted gambling dollars to online casinos. [Image: Shutterstock.com] Live dealer game specialist Evolution Gaming and online casino game developer NetEnt both posted strong financial results for the second quarter of 2020. a jump in online…

Sports ・ 17 February 2022

Legal US Poker Sites

Another Record for Internet Gaming in New Jersey Market

The first month of 2020 was a good one for all of New Jersey gaming. From slot machines in land-based casinos to sports wagering and online poker, every form of gambling showed positive numbers in January. The first report of the year from the New Jersey Division of Gaming Enforcement noted $300.7 million in total gaming revenue for the month of…

NFL ・ 08 February 2021