Pennsylvania Casinos Again Set Regular monthly Gaming Income Record
Posted on: August 18, 2021, 02:57h.
Final up to date on: August 18, 2021, 03:34h.
Do not consider telling Pennsylvania casinos that there remains an ongoing international pandemic. Organization is greater than ever.
Pennsylvania’s gaming business is today the second-biggest in the nation, behind only Nevada. Pennsylvania had 13 commercial land-based mostly casinos operational in July, plus iGaming, retail and mobile sports activities betting, everyday fantasy sports, and video gaming terminals (VGTs) at truck stops.
In Could, the state reported record gross gaming income (GGR) of $413.18 million. The record didn’t stand long, as today a new regular monthly substantial has been announced.
The Pennsylvania Gaming Management Board (PGCB) says GGR from all verticals totaled $423.65 million in July. It’s the richest regular monthly haul in state background. The 1st legal casino bet was wagered in the commonwealth in November of 2006.
Wholesome as Ever
Pennsylvania casinos are operating free of charge of coronavirus restrictions.
The brick-and-mortar venues are no longer subject to diminished caps on occupancy limits. Indoor smoking sections are once again permitted, and the slot machines that have been powered down to promote social distancing are back on.
Table games have furthermore brought back their full complement of seats. And final month, tables played a considerable role in driving the record revenue. Brick-and-mortar table video games stored $86.9 million of gamblers’ bets, a 65.five % surge on July 2020 and 13 % obtain on July 2019.
July 2021 was the ideal single month ever for table games in Pennsylvania. The state legalized table gambling in 2010.
Slots also fared effectively. The terminals last month produced GGR of $222.eight million, a 35 percent yr-in excess of-yr improve, and eleven.five % premium on July 2019.
Sportsbooks retained $19.eight million of the wagers — soaring 144 % from a year ago. VGTs had been accountable for revenue of $3.seven million, up more than 81 %.
iGaming Stays Sturdy
While Pennsylvania casinos enjoyed record perform in July, online platforms continued to post sturdy earnings. iGaming websites reported GGR of $63.two million from internet slots, $22.8 million from interactive tables, and $2.6 million from on-line poker rake and fees.
All mixed, iGaming GGR in July 2021 came in at $88.6 million. That represents a 63 % yr-above-12 months improve.
Wind Creek Struggling
A single glaring item in the PGCB July report is the ongoing market share reduction of Wind Creek Bethlehem. The casino resort was once the best GGR earner when it was owned and operated by Las Vegas Sands. Alabama’s Poarch Band of Creek Indians paid Sands $1.3 billion for the casino, a sale that closed in Could of 2019.
The days of the Bethlehem casino dominating Pennsylvania’s casino sector are prolonged gone. Wind Creek positioned fourth in terms of complete revenue final month.
July 2021 Complete GGR
- Parx Philadelphia — $64M
- Hollywood Penn Nationwide — $53.6M
- Rivers Philadelphia – $50.2M
- Wind Creek Bethlehem — $43.9M
- Valley Overlook — $35.3M
Even so, Wind Creek’s brick-and-mortar operations remain robust, as the casino came in 2nd in retail slot and table GGR. But the casino is greatly lagging on-line and in the sports betting room.
The Poarch Band Bethlehem casino positioned seventh in iGaming, and 16th in sports activities betting.