Pennsylvania betting revenue down by 75% in November
Sports wagering operators in Pennsylvania experienced a massive decline of over 75% in revenue throughout November.
Sports wagering operators in the state generated only 12.9 million dollars throughout November, down from the revenue of 52.9 million dollars generated in the same month last year. This decline came in stark contrast to the market’s sports wagering handle throughout the month, which increased by over 18% year-over-year and set a new monthly record in Pennsylvania at just over 934 million dollars.
Pennsylvania’s betting decline was also reflected in the figures of the statewide gambling sector, which experienced an almost 2% decline in revenue throughout the month despite many of its niches experiencing growth. One of the market’s most noteworthy figures throughout the period was the revenue of Pennsylvania’s online slot operators, which surpassed 109 million dollars in the month, representing a year-over-year increase of over 26%.
The state’s iGaming operators continued experiencing growth with online table games, which generated 46.5 million dollars throughout the month, representing an increase of over 17% from its revenue of under 40 million dollars in November of 2022. However, online gambling operators also experienced a sizable year-on-year decrease of more than 10% in poker revenue, which generated only 2.28 million dollars this year compared to 2.54 million dollars last year.