Pennsylvania Gambling Revenue Surges in July

Pennsylvania’s gambling income rose by 8.9% to $467 million in July, fueled by growth in internet gaming and sports wagering.

Pennsylvania’s gambling income in July was up 8.9% from the same period last year to $467 million. This was driven by growth in online gaming and sports betting.

Pennsylvania’s monthly income in July outpaced $429.1 million in July 2022, and was up 6.0% from $440.5 million in June of this year.

Conventional slot machines remained the primary source of revenue, generating a total of $214.7 million for the month. This was up 0.4% from the previous month. In contrast, conventional table game income fell by 3.8% to $83.4 million.

Turning to internet gaming, the market saw a year-over-year income increase of 34.8% to $132.9 million. This included $94.9 million in online slots revenue, up 31.9%, and $35.4 million in internet table game income, up 48.0%.

Pennsylvania’s state-owned Hollywood Casino continued to lead the field with online gaming income of $54.4 million. Valley Forge Casino Resort came in second with $29.2 million, followed by Rivers Casino Philadelphia with $26.8 million.

Pennsylvania’s sports betting income reached $32.1 million in July.

Sports betting income also saw an increase, rising 26.1% to $32.1 million. Of this total, $29.1 million came from online betting, while the remaining $3 million came from traditional sports betting.

In terms of handle, this also increased by 0.6% year-over-year to $338.5 million.

Foxwoods and its collaborator FanDuel once more took the top spot in the industry, bringing in $13.7 million in earnings on $127.6 million in bets. In the meantime, the video game terminal market continued to face difficulties, with income dropping 7.2% to $4.4 million in July. Penn’s Marquee took the lead with $2 million in revenue for the month, ahead of Jango’s $380,910. Meadows’ Hollywood Casino and Barstool closely followed, generating $8.5 million in revenue on $88.9 million in wagers, followed by its associated property, Hollywood Casino Morgantown, also partnered with Barstool, with $1.9 million in revenue on $24.6 million in wagers. Additionally, income from fantasy sports competitions decreased 23.6% year-on-year to $655,886. Of that, DraftKings contributed $551,233 and FanDuel contributed $96,917.

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By admin

This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.

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