October Posts Record Gaming Revenue for Pennsylvania
The Pennsylvania Gaming Control Board recently released gambling by numbers for October. And the month recorded record-breaking numbers in the gross gaming revenue. This is despite increased COVID-19 infections.
Casino Gambling Leads the Way
Pennsylvania recorded an all-time high monthly GGR standing at $425.9 million. This is for both online and retail betting. The revenue in October beat the one recorded in July at $423.7 million. This collection also marks the fourth consecutive month where the revenue spilled over the $400 million mark.
Retail casinos as well as their offerings contributed $292.4 million out of the revenue collected in October. This marked a 33% year-over-year growth. And that’s not all! The growth showed resilience over the recent COVID-19 wave.
The PGCB communications director commented on the October numbers. Doug Harbach said the 15 casinos in the state adopted strict safety measures to curb the spread of the virus. But the visitors continued flocking the establishments.
Hollywood Casino at the Penn National Race Course recorded the second-highest gaming revenue at $57 million. In first place is Parx with $57.3 million. Rivers Casino Philadelphia tied in third place with Wind Creek Bethlehem clocking $46.2 million. Coming in close in fourth place is Valley Forge contributing $42.8 million.
Online Gambling a Key Contributor
The digital realm also contributed a significant portion to October’s revenue. Slots took first place with a total yield of $70.7 million. Following in second place are online table games with $32.2 million.
Online sports betting contributed $23.5 million. But this was a year-over-year decrease compared to $36.7 million recorded in 2020. This made it the only form of online betting that recorded a decrease.
Fantasy sports contributed $3.7 million although this was a less impressive performance compared to previous offerings. However, this vertical also represented the highest monthly total in Pennsylvania. Video gambling terminals closed the list with $3.3 million.
Increased COVID-19 Cases, Governor Still Hesitant on Restricting Businesses
Pennsylvania ranks third as the state with the highest number of vaccinated individuals. At least 73% of its adult population already received the COVID jab. But this hasn’t stopped it from ranking fifth as the state with the highest COVID-19 spread. This is according to data from Johns Hopkins University. The state recorded 6,024 new infections on November 17.
But Governor Tom Wolf remains unshaken, still holding out plans to impose restrictions on businesses. Rather, the state looks to enforce already established regulations to maintain a delicate balance between letting the economy flourish and ensuring public health safety.
Pennsylvania continues to enjoy impressive gambling revenues. However, it also suffered hefty losses due to unregulated slot machines. This led the gambling regulator in Pennsylvania to allow several casinos to limit their overall number of slots.
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