New Record Month for Pennsylvania’s Online Gaming Revenue
Pennsylvania has kicked off 2021 with a new monthly record of $80.4 million in online gaming revenue, figures from the Pennsylvania Gaming Control Board show.
Seventh Consecutive Month of Record Online Revenue
Online gaming revenue in Pennsylvania reached a new record of more than $80.4 million in January. This is an 11% increase compared to the previous high of $71.6 million set in December 2020. The segment also eclipsed January 2020’s numbers, when internet gaming generated less than $14 million in revenue.
Combined total revenue generated from all forms of gaming along with fantasy contests experienced a monthly increase of 2.73% in January reaching $311.1 million.
Online slots was the main contributor to the state’s igaming revenue with $51 million, a 609% increase compared to January 2020’s figures. Online table game revenue surged by 479% to $26.7 million and online poker revenue grew 26.35% to $2.7 million.
Penn National Gaming’s Hollywood Casino was the top performer in terms of total with $43.6 million. The casino includes online sportsbooks, such as DraftKings as well as its own brand. Rivers Casino Philadelphia, which works with Rush Street Interactive, brought in $36.9 million.
Valley Forge Casino, which features a FanDuel-branded online product, brought in $38 million of total gaming revenue. Newcomer Live! Casino Philadelphia accumulated nearly $4.3 million in revenue ahead of its opening on February 11. Live! Casino Pittsburgh reported some $6.1 million.
Online gaming revenue at Hollywood Casino at Penn National skyrocketed by 1047% and reached $27.6 million in January 2021. Presque Isle Downs and Casino was another brand to experience an impressive increase of 1742% year-over-year from just $9,900 to $182,298 in January 2021.
Retail Slots and Table Games Down Due to Covid-19 Restrictions
Retail slots, table games and sports wagering were available for 28 days of the 31-day month due to the temporary shutdown until January 4 due to coronavirus restriction measures. Gross revenue from slot machines decreased by 26.05% YoY to $140.7 million, while table games fell by nearly 30% to $50.8 million in annual terms. Sports wagering handle was $615.3 million or 12.16% above the December 2020 total.
On February 9, Pennsylvania Gaming Control Board released preliminary figures related to the Super Bowl wagers through retail and online sportsbooks. Numbers show that players placed $53.6 million in bets, a 74% increase compared to the amount from last year’s game.
Although Fiona doesn't have a long-spanning background within the gambling industry, she is an incredibly skilled journalist who has built a strong interest in the constantly growing iGaming network. The team at GamblingNews.com is glad to have her on our roster to help deliver the best stories as soon as they hit. Aside from writing, she loves to dabble in online casino games such as slots and roulette, both for her own enjoyment and also as research to better improve her understanding of the industry.
