Pennsylvania Online Gambling Breaks The $100 Million Mark In May

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Pennsylvania Online Gambling Breaks The $100 million mark in May. New Jersey and Michigan saw monthly revenue held steady from April to May, but Pennsylvania enjoyed a large increase. Taxable revenue broke into the nine figures for the first time with $101,251,772 in combined online casino and online poker revenue. It's the second state to have done so after New York in January.

Pennsylvania Online Gambling Breaks the $100 million mark in May. The state's iGaming market has grown at a slower rate than in the early months of the year.

Pennsylvania's year-on-year growth rate for online gambling has been declining rapidly. In May, it was 81%, down from 115% in April. Total gross gaming revenue was up to $413 million from $61 million in May 2020. Online gambling operators paid a total of $41.5 million in state and local taxes in may.

Pennsylvania Online Gambling Breaks The $100 million mark in May. Of the ten certificate holders, exactly half saw revenue increase in the state. Most of the increase has to be attributed to Penn National, which increased its daily average revenue 18.4% for a total of $41.3 million on the month.

Penn National accounts for nearly 41% of the total market revenue. Rivers is second with 27%, Valley Forge with 16%, and Mount Airy with 6%. The other certificates make up about 10%. Parx and Mt Airys are down 43% and 42% year-on-year. Mohegan is also down by 19%.

Pennsylvania Online Gambling Breaks The $100 million mark in May. Penn National accounts for nearly 41% of the market revenue. Rivers is second with 27%, Valley Forge with 16%, and Mount Airy with 6%.

Pennsylvania Online Gambling Breaks $100 million mark in May. Table games performed the best, up 9.8% as a daily average, while slots gained only 3.9%. BetMGM Poker and Borgata Poker increased their revenue tenfold in the state. PokerStars lost 6. 8% of its daily revenue.

PA sportsbooks had a more sedate month. Gross revenue before promotional deductions rose 3.8% on the month, but that equates to a half-percent increase in daily average revenue. Online sportsbook accounted for 91% of handle and 86% revenue, while hold was 7.9% for bets placed online and 13.1% in person. Hold was 8.4% which is the highest since November.

Pennsylvania Online Gambling Breaks The $100 million mark in May. Alex is a journalist from Dartmouth, Nova Scotia, Canada. He has been writing about poker and the online gambling industry since 2014.