Here's How Much Revenue the New Casino in Morgantown Generated Last Month
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While individual casinos in Pennsylvania recorded a downturn in March compared to three years ago, overall revenue remains strong thanks to the addition of new facilities, such as Hollywood Casino Morgantown, writes Gary Rotstein for Penn Bets.
In March, the Keystone State’s gaming industry brought in a record $462.7 million generated by all forms of gaming.
However, the brick-and-mortar revenue of $309 million from 16 casinos is almost the same as in March 2019 ($309.1 million). March was the last pre-pandemic month when only 12 facilities were operating.
This means that the four new casinos made up for the 14.2 percent ($43.8 million) drop in earnings by the state’s first 12 gaming venues. Out of that, Hollywood Casino Morgantown brought in $5.3 million in revenue for March.
The new casinos are part of the reason for the drop in revenue in the first 12 facilities, as they took over a part of patronage and revenue from their closest competitors.
Additionally, the brick-and-mortar casinos may still be feeling the lingering effects of COVID-19 on gamblers’ mindsets.
