Gaming Revenue Reaches New High in Pennsylvania
October was a record-breaking month for Pennsylvania gambling operators, with total revenue rising 33% year-on-year to $425.9 million.
Parx Casino enjoyed the largest revenues of $457.4 million, up 4.4%. It was followed by Hollywood Casino at Penn National, where revenue was $57.1 million, up 63.2%. Next was Rivers Casino Philadelphia and Wind Creek Bethlehem, with revenue of $46.3 million and $46.2 million, respectively.
Almost half of the total revenue, $203.3 million, was from slot machines, an increase of 31.7%. Once again, Parx was in the lead with $33.6 million. However, revenue was also up from table games. Last year's operations were limited by the pandemic, so it is no surprise that revenue from table games was up 40.7% year-on-year to $89.1 million.
Online gambling revenues were also up. They reached $102.9 million, a 72.1% increase. Online slot revenue was $70.7 million, online table game revenue was $29.3 million, and online poker revenue was $2.8 million.
The Hollywood Casino at Penn National, which has both a DraftKings iGaming offering and a second under its own brand, enjoyed $40.6 million in online revenue. It was followed by Rivers Casino Philadelphia and its Rush Street Interactive offering with $26.3 million. In third was FanDuel partner Valley Forge with $18.8 million.
However, sports betting was some way behind casino gambling. While the handle reached $776.3 million, revenue was down 36% to $23.5 million. FanDuel brought in $275.4 million of bets, and after winnings were paid, the monthly revenue was $11.6 million, a drop of 25.8%. Behind it was Penn National Gaming's Barstool Sportsbook, with $7.1 million in revenue. DraftKings reported a $1.1 million loss, despite bets of $73.6 million.
Since the end of October, the Pennsylvania Gaming Control Board (PGCB) has approved four consent agreements between its Office of Enforcement Counsel and three casino operators, including Caesars and Penn National Gaming, which resulted in $150,000 in fines being issued.