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Pennsylvania Hits New High of $423.6M Revenue for July

Online gambling revenue was the leader for the month, with $88.7m, while land-based casinos are gaining momentum again.

New Record Month for Pennsylvania Gambling

Pennsylvania hit a record monthly revenue of $423.65m generated from all forms of gaming in July, the Pennsylvania Gaming Control Board (PGCB) announced on August 17. The new figures are significantly higher than the $281.4m reported in July 2019, as, in 2020, most casinos remained closed because of the COVID-19 pandemic. The figures also surpass May 2021’s record of $413.1m in gross gaming revenue (GGR). Pennsylvania’s gaming industry is the second-largest in the country, while the leader is Nevada

Revenue in July 2021 came from slot machines, table games, iGaming, sports wagering, fantasy contests and VGTs (video gaming terminals). Land-based casinos accounted for a big chunk of the total number following the reopening of physical establishments. Last year, facilities faced long periods of closures due to COVID-19, or were operating under strict restrictions. 

In March 2020, Pennsylvania’s commercial casinos were shut down as ordered by Gov. Tom Wolf and resumed operations on a regional approach in June. Currently, restrictions have either been eased or removed completely. 

Online Gambling Leads the Ranking

Online gambling revenue was the champion for the month with $88.7m, which corresponds to a 63.1% rise from $54.4m last year. Websites generated $63.2 million revenue from internet slots, $22.8 million from interactive tables and $2.6 million from online poker. 

The top casino in terms of iGaming revenue in July is Hollywood Casino at Penn National, with $32.1m. Next in the ranking is Rush Street Interactive partner Rivers Casino Philadelphia, with $25.8m, followed by FanDuel partner the Valley Forge Casino Resort, with $14.2m. 

Sports betting revenue reported a 145.7% annual increase to $19m, as bettors could take advantage of the full sports calendar, while last year events were canceled due to the pandemic. Some $17.2m came from online channels, while retail revenue stood at $2.7m for the month. 

Sports betting number one was Valley Forge Casino and FanDuel, with $9.6m, followed by Barstool Sports and Meadows Casino, with $2.9mDraftKings and Hollywood Casino at Penn National were third with $1.9m

Fantasy sports revenue was up 69.6% higher to reach $1.6m, with DraftKings topping the chart with $831,907 in revenue, followed closely by FanDuel with $729,606. 

Categories: Industry
Martina Tsvetkova: Martina is a veteran writer, analyst in researchers with years of hands-on experience in interpreting, statistics, translation, and creative writing. She has done multiple internships in various related fields and currently takes care of all Spanish and LatAm content at GBN. Martina speaks three languages to top off her array of specialist skills.
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