Pennsylvania Sets New Record with October Handle
LISTEN TO THIS ARTICLE:Regarding online gaming and sports betting revenue, October was a great month for many states in the US, and Pennsylvania is not an exception. The Keystone State recorded an impressive $828.0m sports betting handle for October, an increase of 4.0% compared to October last year’s 797.1m handle.
Its total gambling revenue during the month was $483.0m, up 7.3% compared to the $450.2m recorded in October 2022 and 1.4% higher than September 2023’s revenue of $476.3m.
Retail slots contributed 40% to the gambling revenue at $195.2m. However, the figure represents a 3.3% decline year-on-year. On the other hand, land-based table games revenue increased by 2.0% YoY to $81.5m.
Sports betting revenue experienced an increase of 18.8% year-on-year to $48.2m. While online wagering accounted for $43.1m of this total, retail betting contributed $5.1m.
Pennsylvania's Top-Performing Casinos
Regarding operators’ sports betting revenues, Hollywood Casino at the Meadows and Barstool secured first position with revenue of $18.9m from $258.3m in bets.
Valley Forge and FanDuel, the market leader in September, fell to the second position with revenue of $18.2m despite getting a higher handle of $328.4m. Rivers Casino Pittsburgh and BetRivers followed with $2.3m in revenue off a handle of $33.5m.
For online gambling, operators reported total revenue of $154.8m across all verticals, including slots, tables, and poker. The figure was an increase of 24.3% compared to October 2022 but fell short of the $159.5m income achieved in September this year.
The increase in online slots revenue by 27.2% to $109.8m largely contributed to the growth of this sector year-on-year. Online table games also surged 19.4% to $42.6m. However, internet poker decreased by 5.8% to $2.3m.
Breaking down the iGaming revenue, Hollywood Casino at Penn National still maintains the first spot this month with $62.2m in total online gambling revenue, comprising $41.9m in slots revenue, $20.0m table games revenue, and $319.163 in poker revenue.
It was followed by Valley Forge Casino Resort with $35.4m in iGaming revenue. Rivers Casino Philadelphia was next, with a gain of $29.3m.
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