Pennsylvania igaming achieves new revenue high in November

White Hat Studios’ American journey has gained further wings as the slot provider expands into Pennsylvania via both BetMGM and Borgata simultaneously.

Pennsylvania’s igaming operators have set a new US monthly revenue record in November, while the state’s sportsbooks continued their momentum from the previous month.

The Pennsylvania Gaming Control Board has reported the state’s combined total revenue during the month was $452.4m, a 4.59 per cent improvement year-over-year compared to November 2021’s revenue of $432.5m.

Hollywood Casino at Penn National led all operators in total revenue in November with $71.2m (2021: $60.1m), followed by Valley Forge Casino Resort with $64.6m (2021: $57.1m), and Parx Casino with $52.6m (2021: $56.3m). Operators paid $181.8m in taxes to the Keystone State during the period.

The biggest revenue share came from retail slots, which generated $185.6m in revenue. However, it was igaming that saw the largest earnings percentage change YoY, standing at 37.01 per cent, setting a new revenue high of $128.6m. Meanwhile, sports betting income fell by 16.95 per cent YoY.

Pennsylvania’s igaming revenue of $128.6m is a 37.01 per cent YoY uptick (2021: $93.9m), as well as a new record amount for the vertical in the state, smashing the previous high set in October of $124.5m. This also resulted in a new monthly state taxes high of $53.5m.

Per operator, Hollywood Casino at Penn National led the way with $55.7m revenue (2021: $37.4m), followed by Rivers Casino Philadelphia with $27.5m (2021: $24.2m), and Valley Forge Casino Resort with $26.5m (2021: $16.5m).

While Hollywood Casino at Penn National was top in terms of igaming slots and table games revenue (slots: $36.4m, table games: $18.9m), Mount Airy Casino Resort was number one in igaming poker revenue with $1.6m.

Slot machine revenue hit $185.6m, a slight gain of 0.04 per cent YoY (2021: $185.5m), with the number of slot machines in operation falling to 25,430 (2021: 25,526).

Parx Casino led all operators in the vertical with $30m (2021: $31.6m), followed by Wind Creek Bethlehem with $20.9m (2021: $22.6m), and Rivers Casino Pittsburgh with $20.9m (2021: $21.1m).

Retail table games produced $79.2m in revenues, a 4.43 per cent decline YoY (2021: $82.9m). Per operator, Wind Creek Bethlehem led the way with $19.6m in revenue (2021: $19m), followed by Parx Casino with $16.2m (2021: $17.7m), and Rivers Casino Philadelphia with $8.8m (2021: $9.6m).

Retail slots paid $94.3m in state taxes for November, while retail table games paid $12.8m.

Pennsylvania’s sportsbooks achieved a November handle of $789.2m, a 3.63 per cent uptick YoY (2021: $761.6m), and taxable revenues of $52.8m, a 16.95 per cent drop YoY (2021: $63.7m) with $48.2m coming from online operations. Sports wagering yielded $19m in taxes for the state.

Per operator, FanDuel (Valley Forge) was top with $28.6m (2021: $29.2m), followed by DraftKings (Hollywood Meadows) with $12.2m (2021: $12m). No other operator made over $2.5m in revenue, as BetMGM (Hollywood Morgantown) was the next highest operator with $2.4m (2021: $307,046).