Internet gaming revenue exceeds $100 million in May in Pennsylvania

Standard Speaker
 
Internet gaming revenue exceeds $100 million in May in Pennsylvania
Super Slots

Revenue from online casino games in Pennsylvania exceeded $100 million in a month for the first time since the state launched internet gaming in July 2019, according to the Pennsylvania Gaming Control Board.

Online casino games generated a record $101,251,771 in May in revenue compared to $55,838,787 in May 2020, the board reported. The total revenue surpassed the March record of $97.2 million.

“We continue to see the natural maturation of this internet-based gaming segment similar to growth in land-based gaming,” Pennsylvania Gaming Control Board spokesman Doug Harbach said. “As more persons are exposed to iGaming and understand the advantages of participating in a regulated market, growth should continue.”

Mount Airy Casino Resort in Monroe County generated $6,312,909 in internet gaming revenue and Mohegan Sun Pocono in Plains Twp. brought in $1,948,354 in May, according to numbers released Thursday.

In all, the Pennsylvania Gaming Control Board reported that combined total revenue from all forms of gaming along with fantasy contests amounted to $413,182,161.

Total revenue at Mount Airy in May amounted to $24,370,700 and total revenue at Mohegan Sun Pocono was $20,574,170.

As a result of COVID-19 restrictions, all casinos were closed during May of 2020 so no revenue was generated then by slot machines, table games or retail sportsbooks.

Video gaming terminals also were not in operation in May 2020. Now, there are video gaming terminals operating at two Onvo Travel Plazas in Wayne County, an Onvo Travel Plaza in Susquehanna County and 44 other locations throughout Pennsylvania but none in Luzerne or Lackawanna counties.

In addition to the 47 video gaming terminals operating, Harbach said there are another 30 that have applications that are either pending final approval or have been granted licenses but have not yet started operating.

Wagering at Pennsylvania’s online and retail sportsbooks fell modestly in May but still pushed the state past $5 billion in wagering through fiscal year 2020-21.

Dustin Gouker, lead analyst for the PlayUsa.com network, which includes PlayPennsylvania.com, said the seasonal slowdown will continue to be a factor until people can place bets on Eagles, Steelers and Penn State football games.

“With the popularity of online casinos holding even as retail casino customers return, the state’s gaming industry is in relatively good shape,” Gouker said.