The record-breaking performance of Pennsylvania’s online slots market contributed to an increase in gambling revenue in Pennsylvania of 5.7% year-on-year during the month of October.
The total revenue for the month came in at $450.2 million (£378.0 million/€434.2 million), which is an increase from $425.9 million in October 2021 and is also 0.4% more than $448.5 million in September of this year.
At a total of $199.0 million, retail slots were once again the primary source of revenue; however, this figure was 2.1% lower than it was the previous year. The revenue from retail table games was also down 10.4%, coming in at $79.3 million.
Online Slots Revenue as of October 2022
With a record $86.3 million in revenue, online slot machines have surpassed retail table games to become the state’s second-highest source of gambling revenue. This represents a year-over-year increase of 22.1%. Additionally, online table revenue increased by 21.8% to reach $35.7 million, whereas internet poker revenue decreased by 12.7% to reach $2.5 million.
With online gambling revenue of $52.7 million, Hollywood Casino at Penn National has successfully maintained its position as the leading operator in the state’s igaming market. Valley Forge Casino Resort came in second with $23.4 million, followed by Rivers Casino Philadelphia with $29.3 million.
Turning to sports wagering, revenue was up 72.2% year-on-year and came in at $40.5 million. Of this total, $34.4 million was attributed to online betting while the remaining $6.1 million was attributed to retail. Additionally, the monthly handle for the state increased by 2.7% to reach $797.1 million.
With $22.1 million in revenue and $292.0 million in bets, Valley Forge Casino Resort and its partner FanDuel maintained their position as the market leader. Next in line was Rivers Casino Pittsburgh and BetRivers with $2.6 million in revenue from $33.4 million in bets, followed by Hollywood Casino at the Meadows and Barstool with $7.8 million and a handle of $231.1 million.
In the meantime, revenue from video gaming terminals rose by 5.2% to $3.5 million for the month of October, while revenue from fantasy sports contests fell by 12.7% to $2.5 million.