iGaming claims the crown in Pennsylvania
For August, iGaming revenues in Pennsylvania are the highest, with an increase of 11.6%.Pennsylvania is the fifth most populous state in the US, with a population of over...
PA gambling revenue up 8.7% in May due to iGaming growth
Pennsylvania’s gambling revenue increased 8.7% year over year to $521.0 million in May thanks to growth in the iGaming market.
May saw iGaming gross revenue of $174.1 million, up 23.5% from the previous year. May’s total income easily exceeded $479.4 million from the same month a year prior. It also exceeded by 3.3% the $504.6 million reported in Pennsylvania in April of this year.
Pennsylvania’s primary source of gambling revenue is still land-based slots, despite the fact that the igaming industry experienced the fastest growth. May saw a 1.6% increase in income from physical slots, totaling $214.1 million. With a handle of $557 million, mobile sports betting gross gaming income climbed 10..5% yearly to $59.1 million, a 21% rise over the prior year.
All operators saw a 6.3% increase in promotional spending. Revenue from table games increased by 2.5% to $83.7 million in the land-based industry. According to Deutsche Bank, the gross gaming income at Penn’s land-based assets and Caesars’ casinos decreased by 1.2% and 12.2%, respectively, year over year.
Income from online slots increased 26.2% to $126.9 million, while income from table games increased 18.6% to $44.9 million. Nevertheless, revenue from online poker fell by 9.1% to $2.3 million. According to estimates from Deutsche Bank, FanDuel dominated the industry in May with a 25.5% share of iGaming. BetRivers is predicted to hold an 18% market share, and DraftKings to hold an 18.7% share. The combined iGaming income for Hollywood Casino at Penn National Race Course, Valley Forge Casino Resort, and Rivers Casino Philadelphia was $65.1 million, $44.4 million, and $31.3 million, respectively.
It was observed that in May, every operator in Pennsylvania’s iGaming industry noted revenue growth.
Bally’s terminated Pennsylvania casino agreement
Bally's terminated its agreement with SC Gaming to develop College Township in Pennsylvania.
Bally's Corporation is an American gambling, betting, and interactive...
