Online Gambling Revenue in Pennsylvania Continues to Rise With $1 Billion Milestone Surpassed
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The success of online casinos and sports betting in the United States continues to move in an upward trajectory, with the latest numbers from Pennsylvania meaning that the state has passed a major milestone.
Online casino brands have netted a revenue of over $1 billion for 2023, with still months of the year remaining. June’s numbers meant that the state exceeded $160 million in revenue for the seventh month running. The state is proving very effective when it comes to the popularity of online casinos, with PA online poker also aiding these numbers, though admittedly, table games traditionally bring in less than slots.
On the ongoing success of casinos in the state, Chris Imperiale, Managing Editor of PlayPennsylvania, commented;
“Pennsylvania online casinos once again posted a solid month in June, recording $164.3 million in gross revenue. While this is down about $6 million from May, it is now the seventh consecutive month in which PA online casinos exceeded $160 million in earnings. The total was an impressive increase of more than 30% year over year, as the Pennsylvania market continues to stand above the rest in the US. Revenue shouldn’t slow down anytime soon either, especially with the lack of great sports betting markets for the remainder of the summer.”
The breakdown of June’s number saw $127 million coming in from slots, $34 million from table games, and a further $2.4 million from poker.
The success in Pennsylvania is mirrored throughout the six states that have legalized online casino activity, with the total revenue from these regions surpassing $3.14 billion for the year to date.
New Jersey, Pennsylvania, and Michigan have been within their own projections and showing good steady revenue, while Connecticut has proven a massive success since they legalized online casinos in March 2021.
However, West Virginia and Delaware have not fared quite so well.
Over the past fiscal year, Pennsylvania has secured massive revenue from slots, $2.45 billion, which is up 1.7% on the previous year. Table games dropped by 4%, but on the whole, things are looking very healthy indeed in PA.
The choice available to those in the state is about to increase following the approval of another license by the Pennsylvania Gaming Control Board (PGCB), given to Golden Nugget in June.
The approval process is by no means swift, but players in Pennsylvania can expect to be able to use Golden Nugget in the near future.
The process was outlined by Doug Harbach, Director of Communications at the PGC, who stated;
“The petition approved today conditioned the licensure of Golden Nugget Online Gaming. So, they will not be able to go live until after we license both the company and its principals at an upcoming meeting. As was mentioned in this meeting, the target is to have those in front of the Board in the next month or two.”
The approval process is not cheap. Golden Nugget had to pay a combined $8 million just to apply, $4m for online slots, and a further $4 million for table games.
