Pennsylvania Registers $413m In Revenue, iGaming Breaks $100m Mark
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Pennsylvania’s gambling space continues to grow rapidly. For the 3 time, the state is reporting record returns.
Gross revenue from gaming in all its key channels reached $413182161 last May. This eclipses the $403.1m the state registered last April.
In terms of returns from individual channels, slots across the 15 commercial casinos reached $67.2m, while internet tables amassed $31.4m. Sportsbooks contributed $27.7m of the total revenue. Video game terminals housed inside truck shops made $3.6m. Online poker accrued $2.6m, and $2m from daily fantasy sports.
The Hollywood casino, Penn National, made the largest share of the revenue, at $62.9m, from its various channels. Parx casino came in second, with $61.7m, while Rivers Casino, Philadelphia, came in third with $48m.
Following in the footsteps of states that are running iGaming full-scale, the gaming space in Pennsylvania is changing. The shift to online gambling that the pandemic occasioned seems to be permanent.
Although revenue from brick-and-mortar casinos seems to have trailed somewhat in 2019, the iGaming sector is growing tremendously.
For the first time in a while, online gaming made at least $100m last May. Penn Hollywood made $41.3m, while Penn National iGaming saw a 360 % surge compared to May of 2020.
This week, the gaming board (PGCB) issued at least $284000 in fines to two firms that operate casino in Pennsylvania.
PGCB fined Boyd Gaming, the proprietor of Valley Forge Casino Resort, $150000 for its failure to reveal facts relating to the suitability of one of its principles. Additionally, Boyd was handed a $14000 fine for letting a minor gamble.
Penn nation notices a $50000 fine because two of its employees, who no longer work for the company, swindled some operators leading to incorrect revenue reporting.
