Pennsylvania Hits Record Gaming $3.88bn Revenue
Pennsylvania posted a record gaming revenue for the 2020/2021 fiscal year. The state collected $3.88 billion between 1 July 2020 to 30 June 2021. This represented a 44.4% jump from the previous year.
Slot Games Contribute the Highest Revenue
The biggest revenue contributor for this period was slot games. This game category posted $1.89 billion in revenue. iGaming revenue came in at second place with $897.2 million in revenue.
Table games closed the top three positions with a contribution of $721.8 million. Sports wagering also showed a dramatic increase in revenue. The category posted $308.8 million to represent a 171.6% year-over-year increase.
Parx Casino contributed the majority of the slot machine revenue. The revenue from this establishment in that category stood at $373.4 million. In second place was Wind Creek Bethlehem at $221.9 million. Pittsburgh’s Rivers Casino closed the list with $196.1 million.
Wind Creek and Parx Casino also led when it came to table game revenue. These operators contributed $133.3 million and $174.5 million respectively. Rivers Casino contributed a total of $144.9 million from its two branches. That is Pittsburgh at $61.6 million and Philadelphia at $83.3 million.
Sports Wagering Shows a Solid Improvement
Revenue from sports betting also displayed a massive increase. Valley Forge Casino powered by FanDuel topped the list in terms of sports betting revenue. The establishment posted $126.4 million in revenue to represent a 209.1% jump compared to the previous year.
Meadows Casino took second place with a $54.5 million revenue posting. Penn National’s Hollywood Casino recorded $27.6 million in revenue. This represented a jaw-dropping $1540.6% increase.
The best performing sportsbook in Pennsylvania went to Draftkings. Fanduel lost to Draftkings after posting $11.4 million compared to $16.2 million by Draftkings.
Boosted June Revenue After Casinos Reopen
The figures reported by the state come after the Pennsylvania Gaming Control Board reported its June revenue. The PGCB reported $388.9 million for June to represent a 193.3% rise for the same period last year.
Revenue from retail slot machines for the month came to $183.0 million. iGaming came in second with $60.5 million in revenue. But retail table games enjoyed the biggest growth. This game category recorded a whopping 563.0% increase to close the month at $77.6 million.
This may be the case but the regulator points at a decrease when it comes to month-over-month revenue collection. But this is for iGaming revenue. May’s revenue collection totaled $101.3 million representing a 12.2% plummet compared to the iGaming revenue collected in June.
But Pennsylvania wasn’t the only state to experience a drop in month-over-month revenue. Four other states also recorded a dip in revenue. They are Michigan, West Virginia, Delaware, and New Jersey.
These five states collected cumulative revenue of $289 million. This is a 6.4% dip compared to May’s $309 million.
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