That Pennsylvania Gaming Control Board (PGCB) released figures on Thursday showing online casinos and sportsbooks in Pennsylvania hit revenue highs in October.
The combined total sales of $450.2 million was generated from all sources of gaming revenue including:
- Retail slot machines
- Retail table games
- Online casinos (slots, table games, poker)
- Sports Betting (Online and Retail)
- fantasy competitions
- Video Game Terminals (VGTs)
Total revenue is higher than the $425.9 million generated in October 2021. And a 0.4% increase from $448.5 million in September 2022.
Gambling records in Pennsylvania in October 2022
Once again, retail slot machines were the main source of revenue and a contributor $199 millionalthough that’s down 2.1% from October 2021. Year-on-year, retail table games sales were also down 10.4% $79.3 million.
Online slots surpassed retail table games to become the second highest revenue stream for gambling in the state. Last month online slots broke a record $86.3 millionwhich corresponds to an increase of 22.1% compared to the previous year.
Online table games revenue was also up 21.8% $35.7 million created in October. However, Internet poker revenue was down 12.7% by $2.5 million.
Meanwhile, revenue from VGTs rose 5.2% $3.5 million for October 2022, but revenue from fantasy sports competitions fell by 12.7% $2.5 million.
The Pennsylvania online casino was strong in October, reaching $124.5 million
As for the online casino vertical, Hollywood Casino at Penn National preceded, generating $52.7 million in sales. That contained:
- $35.2 million from slot machines
- $17.2 million from table games
- $308,814 from online poker
Rivers Casino Philadelphia followed by $29.3 million in sales. Valley Forge Casino Resort was next with $23.4 million in revenue from online gambling.
Looking at online casino vertical earnings in general, here is an overall breakdown:
- $86.3 million came from slot machines
- $35.7 million came from table games
- $2.5 million from poker
Online sports betting revenue in PA hits $40.5 million in October
When it comes to sports betting revenue, the PA Sportsbooks record for Handle is overall $797.1 million in October. The figure is 2.7% higher than last year’s $776.3 million and an increase of $151.9 million since September 2022.
Last month’s PA sports betting revenue was also up 72.2% year-on-year at $40.5 million $34.4 million from online betting and $6.1 million from retail.
Valley Forge Casino Resort and fan duel remained the market leader in production $22.1 million in sales from a $292.0 million handle.
Hollywood Casino at the Meadows and Barstool followed with sales of $7.8 million and a handle of $231.1 million.
In the meantime, Rivers Casino Pittsburgh and BetRivers did $2.6 million in sales for a total of $33.4 million.