Record iGaming Revenue in Pennsylvania for the Third Month in a Row
October brought in record online gambling and sports betting revenue in Pennsylvania. The Gaming Control Board (PGCB) has just released figures showing an increase of 12.9% year-on-year with total revenues of $320.2 million, up from $283.7 million in the same month last year. It was also 12.7% higher than the $284.2 million revenue from September this year.
One of the primary reasons for the increase was growth in online gambling. In its first full legal month, October 2019, revenue was $4.9 million, while this October it was a massive $59.8 million. The highest ever monthly total, beating the previous record of $57 million set in September.
Revenue from online slots was $40.3 million, and from online table games, it was $17 million. Online poker, which is only available via PokerStars, brought in $2.4 million. All of this means that the state brought in $24.9 million in tax revenue from online gambling in October.
The Reivers Casino Philadelphia brought in the most revenue, $16.6 million for the month, up a massive 564% from last year. It was followed by Penn National and its partner DraftKings with $15.5 million, an increase of 761.1%, then Valley Forge Casino Resort with $10 million. The Mount Airy Casino Resorts also did well, with $6.9 million revenue, as did Parx Casino with $5.9 million and the Mohegan Sun Pocono with $2.6 million.
Sports betting also brought in considerable revenue of $36.8 million, an increase of 147% year-on-year, and operators paid a total of $13.2 million in sports betting taxes. Records were not just set terms of revenue; there was also a new record monthly handle in October with punters betting $525.8 million on sports, up from the previous record of $462.8 million from September this year.
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