The rise in sports betting fuels PA gaming income in September to increase 7.9%.
19 October 2022 Gambling News

The rise in sports betting fuels PA gaming income in September to increase 7.9%.

Following a 77.7% rise in sports betting income, Pennsylvania's gambling revenue rose by 7.9% year-on-year in September.

Ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year, total gambling income for the month came to $448.5m (£399.5m/€459.1m).

Though income from this sector of the market dropped 0.2% to $198.5m, retail slots remained by far the major source of income for operators in Pennsylvania during September. Revenue from retail table games dropped 2.9% to $81.6m as well.

But in practically all other areas of the state's industry, notably sports betting where income shot from $28.3m in 2021 to $50.2m this year, these decreases were more than offset by growth.

Online wagering accounted for $43.0m of this overall total; retail sportsbooks contributed the remainder $7.3m. Sporting betting handle also rose 11.5% year-on-year to $645.2m.

With $22.7 million in revenue from $213.0 million in bets, Valley Forge Casino Resort and FanDuel ranked #1 in the sports betting industry in September. Second with $11.3m in income from a $207.5m handle was Hollywood Casino at the Meadows and Barstool; next, Hollywood Casino at Penn National, a DraftKings partner, with $3.1m in income from a $207.5m handle.

Revenue from internet casino-type games elsewhere came to $112.7 million, up 15.2% from $97.8 million last year. Although online poker revenue dropped 9.1% to $2.7m, online slots income rose 13.6% to $77.9m and igaming table games revenue rose 22.2% to $32.2m.

With $48.6m in revenue, Hollywood Casino at Penn National earned top position in the igaming industry ahead of Rivers Casino Philadelphia on $26.2m, then Valley Forge Casino Resort with $19.6m.

While the state saw more declines in fantasy sports contests, with revenue plummeting 41.3% to $1.9m for the month, revenue from video gaming terminals also rose by 2.7% to $3.5m.

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