Pennsylvanian Casino and Slot Machine Revenues are Heading to Pre-Pandemic Levels
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Industries worldwide have been hit hard by the impact of Covid-19, with many businesses being forced to close for long periods of time, or in some cases, they had to close their doors for good. Casinos also felt the force of the pandemic, with establishments closing, and people choosing to save money instead of playing at online casinos.
Thanks to some of the best PA free slots sites at slots.info, as well as the opening up of businesses, it seems that revenues are heading back to what they once were before the pandemic, and even surpassing those figures. We’re going to look into the Pennsylvanian casino revenues and see what the future looks like for the industry in the Keystone State.
Kicking off the Year with a Boom
January marked the beginning of a very successful year in Pennsylvania’s casino industry, with all casinos contributing to more than $311 million for the month, which was a year over year increase of 2.7%. The newest casino in town, Live! Casino Philadelphia generated almost $4.3 million ahead of its grand opening the following month, which compared to $36.8 million from Rivers Casino Philadelphia. iGaming had a very positive month, generating over $80.4 million of revenue across the entire state, which at the time was a record, beating December 2020s, $71.6 million, by over 11%. Incredibly, iGaming outperformed itself when comparing January 2020, by almost 600%, when just $14 million was posted.
The Importance of iGaming
The revenue received via internet casino gaming, or as it is more commonly known in the industry, iGaming, showed a massive 59% increase to $88.7 million for the month of August. This figure contributes nearly 22% of the total gaming revenue for the state for August. Hollywood Casino posted figures of $30.5 million, which was the highest amongst all the state’s casinos, with Rivers Casino in Philadelphia contributing slightly less with a posted revenue of $27.1 million. Both of these casinos give players access to online gambling platforms via their website and also on their mobile applications.
On a Hot Streak
By August, Pennsylvania casinos posted record gaming revenues. It was no coincidence that this was coming off the back of a considerable growth across internet and slots gaming. In total, there are 16 casinos in the state, and they reported total revenues of $408.1 million. This figure represents a growth of 31% for the same period last year, but more significantly, when compared to the same period in 2019 (which was pre Covid), this year’s figures represent a 39% increase. Live! Casino Philadelphia, which had only been open to the public for seven months, continued to show remarkable growth by recording over $21 million in revenue for the month, which represents a staggering 500% increase on its January figures.
The Future Looks Bright
It’s fair to say that the future of casinos in Pennsylvania looks extremely positive. Not only that, you could say that the future has never looked brighter than it does now. With new casino startups, record revenues, and tremendous growth for most casino businesses in the area, the indications of a strong recovery are certainly there.
In addition to this, the Pennsylvania casino industry can only be aided further the more that other industries start to recover after the pandemic period. A special mention has to go out to the importance of iGaming and slots. Without the availability of video slots via iGaming, the impact that Covid-19 had on the local casino industry might have been much more devastating.
