“Pennsylvania’s online slots revenue hit a new high in October.”

“Pennsylvania’s online slots revenue hit a new high in October.”

Summary:

Pennsylvania’s total gambling revenue increased 0.4% to $450.2 million in October, as compared to $425.9 million in the same month last year. The state had a monthly handle of $797.1 million. Online slots overtook retail table games to become the second-highest gambling revenue source in the state, generating a record $86.3 million, up 22.1% year-on-year.

The total revenue for the month was $450.2m, up from $425.9m in October 2021, and also 0.4% more than $448.5m in September this year.

This year, retail slots were the primary source of revenue, but this was lower than last year. The revenue from retail table games was down.

Online slots overtook retail table games to become the second-highest gambling revenue source in the state, generating a record $86.3m, up 22.1% year-on-year. The online tables revenue was higher by 21.8% and internet poker revenue was lower.

Hollywood Casino at Penn National had the top online gambling revenue in the state with $52.7m. Valley Forge Casino Resort was second with $23.4m, followed by Rivers Casino Philadelphia with $29.3m.

Sports wagering and revenue was up 72.2% year-on-year at $40.5m, with $34.4m of that attributed to online betting and $6.1m retail. The state had a monthly handle of $797.1 million.

Valley Forge Casino Resort and partner FanDuel had $22.1m in revenue from $292.0m in bets. The Hollywood Casino at the Meadows and Barstool had revenue of $7m and a handle of $231m, followed by the Rivers Casino Pittsburgh and BetRivers.

Video gaming terminals revenue increased by 5.2% in October while fantasy sports contests revenue decreased.

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