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September might not have been the best month for Pennsylvania’s regulated online casinos, but it was close. Win for licensees fell just short of setting a new single-month record by less than $4 million or about 2.5%.
It was also the third consecutive month in which online casino win surpassed $200 million in Pennsylvania. On the strength of those performances, the current fiscal year is set up to be quite remarkable.
September maintains momentum in Pennsylvania
According to the Pennsylvania Gaming Control Board (PGCB), online casino licensees reported almost $182.8 million in gross win from online slots during September. Combined with adjusted win from online poker and online table games, that equates to $227.4 million.
Licensees will pay a total of $77.9 million to the state and local governments from that sum. Both of those totals are new highs for September in Pennsylvania, with September 2024 reaching a 21.4% uptick from September 2023.
To date, only March 2024 represents higher single-month totals in Pennsylvania for online casino play. However, the current fiscal year could easily outperform the previous period.
Fiscal year soaring past expectations
Through the first quarter of the current fiscal year, Pennsylvania online casino win has neared $667.8 million. Compared to the first three months of FY2023-24, that’s an improvement of 22.7%.
Should that continue through the final three quarters of the fiscal year, it would easily set a new record. A recent development could provide even more reason to expect unprecedented sums.
The PGCB has the authority to negotiate terms for entry into the Multi-State Internet Gaming Agreement (MSIGA), which could bring Pennsylvania players into interstate online poker games. That would expand the opportunities for Pennsylvanians to enter such contests and increase the revenue from that vertical for everyone.
Other states that participate in MSIGA include Delaware, Nevada, New Jersey, and West Virginia. Currently, Delaware and West Virginia do not have any participating platforms available for players, however.
Still, the potential to join pools of players from Nevada and New Jersey could create an influx of new revenue. It’s not like Pennsylvania online casinos really need it, but more is more in this context.
