Pennsylvania: Sports betting drives almost 8% YoY uptick in combined September gaming revenue

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The Pennsylvania Gaming Control Board (PGCB) has reported that the state’s combined gaming revenue for September is up almost 8% year-over-year thanks to a significant yearly increase in sports betting.

In its report, the PGCB stated that combined gaming revenues for the month came in at $448.4m, a 7.89% improvement compared to the previous year (2021: $415.6m), as well as an uptick on last month (August: $425.4m).

Gaming and fantasy contest operators generated total tax revenue of $182.1m during the month,

Sports betting sees almost 78% YoY uptick

Per vertical, retail slots generated the most revenue towards September’s total, but it was sports wagering that underwent the biggest yearly growth.

Sports betting revenue hit $50.2m during the month, a 77.74% rise compared to the previous year (2021: $28.2m), with $42.9m coming from online operators. 

September’s handle for sportsbooks came in at $645.2m, an 11.49% YoY improvement (2021: $578.7m), and $18m was paid to the state in taxes.

In terms of handle and revenue per operator, the top five for the month were Valley Forge/FanDuel (Handle: $212.9m, revenue: $33.4m), Hollywood Meadows/DraftKings (Handle: $207.5m, revenue: $17m), Hollywood Morgantown/BetMGM (Handle: $51.5m, revenue: $6.2m), Hollywood Penn National/Barstool (Handle: $41m, revenue: $4.1m), and Rivers Pittsburgh/BetRivers (Handle: $30.4m, revenue: $3m).

Retail slots revenue for September came in at $198.5m, down 0.18% YoY (2021: $198.8m), while retail table games revenue stood at $81.6m, a 2.94% drop YoY (2021: $84m).

Parx Casino generated the most slots revenue during the month with $32.2m, followed by Rivers Casino Pittsburgh ($22.3m), and Wind Creek Bethlehem ($21.9m). Wind Creek produced the most tables games revenue with $21.3m, followed by Parx Casino ($16.5m), and Live! Casino Philadelphia ($7.8m)

Igaming revenue for September came in at $112.7m, a 15.23% increase YoY (2021: $97.8m) with slots being the best-performing game with $77.8m, followed by table games with $32.1m, and poker with $2.6m.

Per operator, Hollywood Casino at Penn National led the way in terms of igaming revenue with $48.6m, followed by Rivers Casino Philadelphia ($26.1m), Valley Forge Casino ($19.5m), Mount Airy Casino ($4.7m), and Parx Casino ($4.5m).

Video gaming terminals in Pennsylvania produced $3.49m in September revenue (2021: $3.4m), while fantasy contest operators generated $1.8m in revenue (2021: $3.2m).