Pennsylvania gambling revenue increased by 7% in October

Pennsylvania gambling revenue increased by 7% in October

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Pennsylvania gambling revenue increased by 7% in October

Pennsylvania’s gambling regulator, the PGCB, recently reported a revenue increase of 7% for the state’s gambling companies in October 2023.

The latest report’s headline figure was a revenue of just over 483 million dollars, which represented a year-on-year increase of almost 7.3%. The regulatory authority also mentioned that throughout the month, the state’s sports fans spent more than 800 million dollars on the pastime, setting a new record for Pennsylvania’s sportsbook operators.

The PGCB further broke down the sector’s performance, highlighting that the market’s top-performing gambling type, land-based slot machines, generated 192.5 million dollars in revenue, down by around 3% from their performance in October of last year. Its online counterpart, on the other hand, generated a bit less than 110 million dollars in the period, which represented the highest growth rate among all of the market’s gambling niches at over 27%.

This increase was then followed by the state’s online table game offerings, which experienced year-on-year revenue growth of more than 19%, while sports betting was up next with a growth of a bit less than 19%. In contrast, online poker offerings generated the least revenue at just 2.3 million dollars, experiencing the largest year-on-year decline at 5.8%.

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