Pennsylvania has witnessed an uptick in revenue through June, however, a downfall across the online slots ecosystem has seen igaming record a drop from the previous month.
Reporting the latest set of monthly figures, the region’s Gaming Control Board reported that revenue through April reached $467m, up six per cent from the previous month’s $440.49m and 8.85 per cent from $429m year-on-year, but falling shy of a half a billion dollar mark that appears to be proving elusive at the moment.
Total tax revenue generated from slot machines, table games, sports wagering, igaming, video gaming terminals and fantasy contests stood at $192m.
Per casino property, the top three remain unchanged from the past month as Hollywood Casino at Penn National Race Course unsurprisingly maintained its leading status via an increase of 125.62 per cent to $70m (2022: $55.79m). The previous month recorded $72.58m.
Parx Casino has narrowed the gap month-on-month, but still lags some way behind with revenue of $56.1m, down less than one percentage point from the previous year’s $56.37m and 9.32 per cent from $51.32 MoM.
Rounding off the top three is King of Prussia’s Valley Forge Casino Resort with a revenue increase of 32.07 per cent, the largest in the state, to close July at $54.64m (2022: $41.37m). This is also up 6.74 per cent from June’s $51.19m.
Looking at another of the commonwealth’s reporting segments, igaming tracked a 35 per cent year-on-year increase from $98.57m to $132.89m, however, this is down 1.9 per cent from the previous month’s $135.43m.
Online slots unsurprisingly led the way with $214.66m, up less than one percentage point YoY from $213.9m, as igaming tables surged ahead 48 per cent with $35.36m (2022: $23.89m). Online poker continued to fall, this time by a little under five per cent to $2.63m (2022: $2.76m).
It’s another case of familiarity in the property-by-property online casino standings, with Hollywood Casino at Penn National Race Course leading the way with $54.39m, up 40.97 per cent from the past year’s $38.58m.
This is ahead of Valley Forge Casino Resort’s 67.4 per cent increase to $29.22m (2022: $17.45m), with Rivers Casino Philadelphia closing July at $26.82m, 8.52per cent ahead YoY from $24.71m.
Harrah’s Philadelphia maintained a trend of securing the largest percentage increase after recording a 80.29 per cent surge to $5.69m (2022: $3.15m).
Looking at specific game types across the year, retail slots remain the dominant force with revenue of $214.68m, which represents a slight increase when compared to the $213.9m generated in one year earlier. Retail table games dropped 3.77 per cent to $83.41m (2022: $86.68m).
Total sports betting handle through the month was $338.45m, which represents a rise of less than one percentage point YoY from $4336.5m. Revenue reached $32m, up 126 per cent from $25.44m.
Revenue for video gaming terminals was $3.35m, a decline of 7.23 per cent YoY from $3.61m, with fantasy contests down 24 per cent to $655,886 (2021: $858,569).