Pa. gambling revenue is on a roll, but not at the casinos

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Penn Bets

PA Online Gambling Partnerships

When Pennsylvania lawmakers voted to legalize online gambling, they included the option for the state's land-based casinos to partner with third-party iGaming software providers for help in building and operating their own branded gambling sites. This allows PA brick-and-mortar casinos, many of which don't have much experience in the online realm,…

Industry ・ 19 January 2024

Yogonet

Pennsylvania 2023 gambling revenue hits record $5.7 billion, driven by iGaming surge

Pennsylvania's gambling industry achieved a new milestone in 2023, reporting a record-breaking $5.69 billion in revenue, marking a 9.3% increase from the previous year's high of $5.21 billion. According to data released by the Pennsylvania Gaming Control Board, the corresponding tax revenue reached a record $2.34 billion, surpassing the 2022 figure…

Finance ・ 19 January 2024

US Bets

Pennsylvania Takes Rare Step Back In Gaming Revenue

With the recent years' explosion of interest in online gambling - whether on casino games or sports betting - it has been common for the Pennsylvania gaming industry each month to surpass what it achieved in revenue in the year prior. That is not, however, what occurred in November, according to data released Tuesday by the Pennsylvania Gaming…

Finance ・ 21 December 2023

US Bets

October Brought Pennsylvania iGaming Another Strong Month

Pennsylvania online casinos came close last month to matching their record September revenue, helping push the state's commercial gaming industry to a 7.3% year-over-year increase in earnings in October. Monthly data released by the Pennsylvania Gaming Control Board showed the $154.8 million in revenue at the 20 online casinos in October trailed…

Finance ・ 20 November 2023

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Philly Bite Magazine

From Racetracks to Online Slots: The Progression of PA's Gambling Scene

The origins of legalized gambling in Pennsylvania can be traced back to horse racing. During the late 1950s and early 1960s, the state saw the construction of its first racetracks, which were primarily designed for harness racing. This was the state's initial foray into regulated gambling, allowing residents to legally enjoy and wager on horse…

Law ・ 29 September 2023

Philly Bite Magazine

The Impact of Casinos on Philadelphia’s Economy

Racinos (casinos attached to racetracks) previously operated slots and table games, per Act 71, signed by Pennsylvania Governor Ed Rendell in 2004. Parx Casino & Racing opened Parx Casino in December 2009. Over a decade later, the City of Brotherly Love is home to several thriving casinos. Here's a look at the impact of casinos on Philadelphia's…

Land-based ・ 16 September 2023

US Bets

Pennsylvania Gaming Industry's July Saw Revenue Boosts

Pennsylvania's broad gaming industry showed healthy revenue increases in July over both the previous month and prior year, reaching a total of $467 million for all commercial operators. The July revenue from combined in-person casino gambling, iGaming, sports betting, truck stop VGTs, and fantasy sports contests was up 6% over June and 8.8% from…

Finance ・ 18 August 2023

PA Online Casino

PA Online Casinos Top $4 Billion In Lifetime Revenue

February was a milestone month for online casino gaming in PA. The Pennsylvania Gaming Control Board announced that PA online casino operators recorded $162.3 million in gross gaming revenue (GGR) last month. This brings Pennsylvania's lifetime online casino revenue total to more than $4 billion, making it the second state in the nation to reach…

Industry ・ 23 March 2023

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Penn Bets

It Took New Casinos To Set PA Record For Slots, Tables Revenue

While Pennsylvania's gaming industry has been boosted most in recent years by the addition of online casinos and sports betting, its 2021-22 fiscal year results released last week also show brick-and-mortar casino revenue to have reached its highest point ever. The Pennsylvania Gaming Control Board's report for the July 2021-June 2022 period showed…

Finance ・ 27 July 2022

Leigh Valley Live

Wind Creek back on top in table games revenue, as Pa. sets fiscal year record

Casinos and other operators in Pennsylvania set a new annual record for gambling revenue, state regulators said Tuesday, rising above $5 billion for the first time amid surging betting on online casino games and a post-pandemic return to the casinos' slot machines and table games. Operators in one of the nation's largest commercial casino states…

Finance ・ 20 July 2022

World Casino News

Feb. gaming revenue in PA up from last year

In Pennsylvania, combined total revenue during February 2022, from all forms of gaming, including fantasy contests, totaled $375.7 million, a 24.1 percent monthly year-over-year increase. However, it is a drop from the $393.1 million generated the month prior, and it is the third consecutive month gaming revenue in the Commonwealth has declined…

Finance ・ 18 March 2022

Penn Bets

Combination Of Factors Challenge PA Casinos In Matching 2019 Revenue

Whether the cause is cannibalization, online competition, or COVID concerns, the 2021 revenue numbers for Pennsylvania's casino industry illustrate the challenges that brick-and-mortar properties have had returning to their former levels. The year-end figures released Thursday by the Pennsylvania Gaming Control Board summarizing the gaming industry…

Finance ・ 25 January 2022

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Leigh Valley Live

Pa. set state record for gambling revenue in 2021, Wind Creek 2nd in slots and tables

Pennsylvania set another annual record for gambling revenue in the era of online gambling and sports betting, state regulators said, reporting that casinos and other operators won more than $4.7 billion from gamblers in calendar year 2021 in one of the nation's largest commercial casino states. The rebound continues after pandemic-related shutdowns…

Finance ・ 21 January 2022

Government Technology

Online Gambling Is Surging, a Boon for Friendly States

Finance ・ 23 January 2024

The Philadelphia Inquirer

Pennsylvania reports recording gaming revenue driven by online casinos, sportsbooks

Pennsylvania reported a record $432.5 million in gambling revenue in November, up 48% from pre-pandemic numbers two years ago and the eighth straight month of elevated revenue following the widespread rollout of COVID-19 vaccines. Almost all of the growth over the last two years has been in new online forms of gaming, including such casino games as…

Finance ・ 12 February 2024

Penn Bets

Retail Casinos Just Saw Best Month Ever In PA, But Can They Sustain It?

A year ago, Pennsylvania's gaming industry was holding its head above water through online gaming growth that offset gamblers' aversion to brick-and-mortar casino visits in the midst of a pandemic. Last month was a different story. The July figures released by the Pennsylvania Gaming Control Board showed casino visitors lost a record $309.8 million…

Covid ・ 19 August 2021

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Which iGaming Sites Will Most Help PA Reach $1B In 2021? Hard To Say

Pennsylvania's 17 online casinos are on pace to win more than $1 billion collectively from digital-oriented gamblers this year, but it's hard to tell which sites are getting the biggest share of action. Unlike mobile sports betting, for which the Pennsylvania Gaming Control Board's monthly revenue reports identify each of the 13 operators, multiple…

Covid ・ 05 August 2021

Penn Bets

PA's First Mini-Casino Could Be Evidence The Concept Will Succeed

Eight months into Pennsylvania's mini-casino era with a second one to open in two weeks, there's at least one strong proponent of that particular aspect of the state's broad gambling expansion law of 2017. "I think it's been great for Pennsylvania," Sean Sullivan told Penn Bets in an interview this week. Granted, Sullivan may be a bit biased. He is…

Incidents ・ 02 August 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

Penn Bets

Strong Slots Resilience Helping PA Casinos' Pandemic Bottom Line

One of the discoveries for Pennsylvania casinos upon reopening in June and July was how much more revenue each slot machine could generate on a daily basis with fewer in use. The daily slot win per unit is one of the metrics that casinos use to assess overall performance, and that number has soared as a result of occupancy restrictions and social…

Covid ・ 19 January 2021

The Philadelphia Inquirer

It’s official: iGaming comes to Pennsylvania, allowing gamblers to wager ‘real money’ online, 24/7

Around-the-clock live-streaming "real money" online casino gambling - iGaming - is now available in Pennsylvania. The Pennsylvania Gaming Control Board said Thursday that Parx Casino in Bensalem and Penn National's Hollywood Casino near Hershey have been approved for internet casino gaming after several days of testing. SugarHouse Casino in…

Law ・ 24 September 2022

US Poker Sites

Online Gambling Coming to Pennsylvania Soon, Nine Casinos Apply for Licenses

For those frustrated with how long it is taking poker sites in Pennsylvania to launch, we have some good news. In recent days, nine land-based casinos applied for a license to operate an online casino, meaning online poker will soon become a reality in the Keystone State. These nine land-based casinos are each paying $10 million to the state for a…

Land-based ・ 25 August 2021