The Pennsylvania Gaming Control Board (PGCB) released figures on Thursday revealing Pennsylvania gambling saw online casinos and sportsbooks reach revenue highs for October.
The combined total revenue of $450.2 million was generated from all sources of gaming revenue, including:
- Retail slot machines
- Retail table games
- Online casinos (slots, table games, poker)
- Sports betting (online and retail)
- Fantasy contests
- Video gaming terminals (VGTs)
The total revenue figure is higher than the $425.9 million generated in October 2021. And a 0.4% increase from $448.5 million made in September 2022.
Pennsylvania gambling record highs in October 2022
Once again, retail slot machines were the primary source of revenue, contributing $199 million, even though that’s 2.1% lower than in October 2021. Compared to last year, retail table games revenue was also 10.4%, down by $79.3 million.
Online slots surpassed retail table games and became the second-highest gambling revenue source in the state. Last month, online slot machines generated a record $86.3 million, which was a 22.1% year-on-year increase.
Online table games revenue was also 21.8% higher at $35.7 million generated in October. However, Internet poker revenue saw a 12.7% decrease of $2.5 million.
Meanwhile, revenue from VGTs increased 5.2% to $3.5m for October 2022, but fantasy sports contests revenue dropped 12.7% to $2.5 million.
Pennsylvania online casino strong in October reaching $124.5M
As for the online casino vertical, Hollywood Casino at Penn National led the way, generating $52.7 million in revenue. That included:
- $35.2 million from slots
- $17.2 million from tables games
- $308,814 from online poker
Rivers Casino Philadelphia followed with $29.3 million in revenue. Valley Forge Casino Resort was next with $23.4 million in online gambling revenue.
Looking at the online casino vertical’s revenue in general, here’s a total breakdown:
- $86.3 million came from slots
- $35.7 million came from table games
- $2.5 million from poker
PA online sports betting revenue hits $40.5M in October
When it comes to sports betting revenue, the record for handle set by PA sportsbooks saw a total of $797.1 million in October. The figure is 2.7% higher than last year’s $776.3 million and a $151.9 million surge from September 2022.
PA sports betting revenue from last month was also 72.2% higher Y-o-Y at $40.5 million, with $34.4 million coming from online betting and $6.1 million from retail.
Valley Forge Casino Resort and FanDuel remained the market leader producing $22.1 million in revenue from a $292.0 million handle.
Hollywood Casino at the Meadows and Barstool followed with $7.8 million in revenue and a $231.1 million handle.
Meanwhile, Rivers Casino Pittsburgh and BetRivers made $2.6 million in revenue from a total handle of $33.4 million.