Pennsylvania gaming revenue reaches record high in October
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Parx Casino led the way in overall revenue, bringing in $457.4m, up 4.4% from 2020. Close behind was Hollywood Casino at Penn National, where revenue increased by 63.2% to $57.1m.
Rivers Casino Philadelphia and Wind Creek Bethlehem followed, bringing in $46.3m and $46.2m respectively.
Looking at revenue by product, slot machines accounted for almost half of total land-based revenue at $203.3m a 31.7% improvement on October 2020. With $33.6m, Parx again led the market.
However table game revenue grew rapidly, with operators’ offerings having been limited by Covid-19 controls in 2020. Revenue for the vertical was up 40.7% to $89.1m. Wind Creek led the way with a $21.6m take.
Pennsylvania’s online market also reached new heights in the month, with $102.9m a 72.1% year-on-year improvement. Online slot revenue came to $70.7m (up 75.4%) and online table game revenue grew 72.3% to $29.3m. Revenue from online poker was up 17.8% to $2.8m.
Hollywood Casino at Penn National, with both a DraftKings igaming offering and a second under its own brand, brought in $40.6m in online revenue, up 161.2%, to lead the market.
Following in a distant second was Rivers Casino Philadelphia and its Rush Street Interactive offering with $26.3m, a 38.4% increase. FanDuel partner Valley Forge, meanwhile, brought in $18.8m, up 87.2%, for third position.
However sports betting was unable to match online and in-person casino’s performance. While handle reached a record-breaking $776.3m, revenue was down 36.0% year-on-year to $23.5m.
FanDuel, partnered with Valley Forge, led the way with players staking $275.4m. After winnings were paid out, monthly revenue came to $11.6m, a 25.8% decline from the prior year.
Penn National Gaming’s Barstool Sportsbook, at Penn’s Hollywood Casino at the Meadows venue, came second with $7.1m in revenue, as players bet $204.1m.
DraftKings and its partner Hollywood Casino at Penn National, meanwhile, reported a $1.1m loss, despite wagers of $73.6m.
After the month ended, the Pennsylvania Gaming Control Board (PGCB) approved four consent agreements between the PGCB’s Office of Enforcement Counsel and three casino operators including Caesars and Penn National Gaming. This resulting in a total of $150,000 in fines being issued.
