The on-line playing market in Pennsylvania is quickly rising, which is confirmed by the truth that income smashed the information in February, although different states recorded a year-on-year lower in income.
Online playing income
According to the report, Pennsylvania generated $184.9 million in on-line playing income in February.
Overall, the income was $499.1 million. Compared to the identical interval the earlier yr, a rise of 9.3% is recorded, since in February 2023 the income was $456.8 million. However, in January 2024, the whole income was $464.4 million, so February recorded a lower of 1.6%.
The most important income in Pennsylvania continues to be retail slots which generated $202,7 million. The income was barely decreased, however the development is recorded when contemplating the variety of slot machines decreased from 25,708 to 24,962.
Land-based desk video games additionally had a profitable interval, for the reason that income generated from them was $76,6 million, representing a rise of two.9%. In 2023, the Pennsylvania on-line playing market reached a income of $131.6 million. Compared to that, whole iGaming income grew by 40.5% to $184.9 million in 2024.
Online slots generated $125.9 million, 35.6% greater than in the earlier yr, whereas on-line desk video games earned $56.6 million, which represents a rise of 56.7%. Online poker wasn’t as well-liked because it was once in 2023, because it generated $2.4 million, 8.3% lower than in the yr earlier than.
Industry leaders
The on line casino that noticed the very best income is Hollywood Casino at Penn National Race Course. Its on-line gaming operations earned $77.3 million in February, 36.8% greater than in the identical month of 2023.
The second place took Valley Forge Casino Resort, which generated $44,8 million. The on line casino operations noticed vital development for the reason that income elevated by 63.0%. Rivers Casino Philadelphia took the third place, with $29.3 million and a rise of 11.4%.
Sports betting income
On the opposite hand, sports activities betting isn’t as well-liked because it was once in 2023. When it involves whole income, it decreased by 30.0% yearly, and in February 2024 it was $30.3 million. The on-line betting sector noticed $28.2 million, and retail income was $2.1 million.
However, the overall deal with elevated by 10.4%, and in February it was $661.7 million, whereas in 2023 that quantity was $599.5 million.
A pacesetter in the sports activities betting trade was Valley Forge Casino Resort and its accomplice FanDuel that earned 17.7 million in income. The second was Hollywood Casino on the Meadows and DraftKings, with $7.7 million in income, and Hollywood Casino Morgantown and BetMGM have been the third with $1.2 million. Video lottery terminals noticed a decline of two.4%, with a income of $3.2 million, and fantasy sports activities decreased by 5.2% to $1.3 million.
Source: Fletcher, Robert. “Pennsylvania iGaming revenue reaches record $184.9m in February”. iGaming Business. March 20, 2024.
