The Pennsylvania Gaming Control Board (PGCB) has published the state’s gaming revenue figures for July, reporting a slight increase in total revenue year-over-year and a significant improvement in sports wagering.
Total tax revenue generated collectively through all forms of gaming and fantasy contests in Pennsylvania during the month was $177.1m, an improvement on the previous month’s $161.1m contribution.
Pennsylvania sports betting revenue undertakes YoY improvement
Pennsylvania’s sports betting revenue had the most considerable YoY growth during the month, improving by 28.1% to $25.4m (July: $19.8m). July’s number also improved on the previous month’s $12.8m.
As August sees the return of sports leagues such as the NFL and college football, sportsbooks in the state are likely to see more wagers being placed, which could result in higher revenue figures in sports betting.
July’s total sports wagering handle came in at $336.5m, a 10.54% increase YoY (July 2021: $304.4m), and an improvement on the previous month as well (June: $315.7m).
Sports betting’s taxable revenue figure for the month was $25.4m, a 28.14% gain on the previous year’s contribution (2021: $19.8m).
Per operator, Valley Forge Casino Resort/FanDuel led the way by a comfortable margin in both handle and revenue (Handle: $125.9m, revenue: $12.1m), followed by Hollywood Casino at the Meadows/DraftKings (Handle: $76.7m, revenue: $4.5m), Hollywood Casino at Penn National/Barstool (Handle: $21.2m, revenue: $1.5m), and Hollywood Casino Morgantown/BetMGM (Handle: $42.3m, revenue: $1.3m).
Igaming sees YoY improvement
Elsewhere for gaming in Pennsylvania, igaming generated revenues of $98.5m in July, an 11.15% YoY growth (2021: $88.6m). Per vertical, slots produced the most income during the month with $71.9m, followed by table games with $23.8m, and poker with $2.7m.
Per casino operator, Hollywood Casino at Penn National filled the number one spot in terms of revenue generated during July with $38.5m, followed by Rivers Casino Philadelphia with $24.7m, and Valley Forge Casino Resort with $17.4m.
In retail, slot machines earned revenues of $213.9m, a 4.03% decrease YoY (2021: $222.8m), while table games also saw a slight decline in income YoY, falling to $86.6m, a 0.27% drop (2021: $86.9m).
Per operator, Parx Casino held the top spot in terms of revenue earned by slot machines with $33.6m, while in table games, Wind Creek Bethlehem was the best performer with $23.6m.
Revenue for video gaming terminals (VGTs) in July was $3.6m, 3.73% lower YoY (2021: $3.7m), while income from fantasy contests stood at $858,569, a 45.32% decrease YoY (2021: $1.5m).