Pennsylvania’s digital slot machine earnings reached an all-time high in October, according to iGB.
Pennsylvania gambling earnings increased by 5.7% annually in October, fueled by a record performance from the state’s online slots market.
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Pennsylvania’s online slot machine earnings hit a record high in October, reaching $450.2 million (£378 million/€434.2 million), up from $425.9 million in October 2021 and 0.4% higher than the $448.5 million recorded in September.
Traditional slot machines remained the primary source of revenue, generating $199 million, although this was down 2.1% annually. Traditional table game earnings also decreased, by 10.4% to $79.3 million.
Digital slots surpassed traditional table games to become the state’s second-largest source of gambling revenue, generating a record $86.3 million, up 22.1% annually. Online table game earnings also increased, by 21.8% to $35.7 million, but internet poker revenue fell 12.7% to $2.5 million.
Pennsylvania’s Hollywood Casino led the state’s internet gaming market, generating $52.7 million in online gaming revenue. Philadelphia’s Rivers Casino came in second with $29.3 million, followed by Valley Forge Casino Resort with $23.4 million.
Sports betting revenue rose 72.2% annually to $40.5 million, with $34.4 million coming from online wagering and $6.1 million from retail. The state’s monthly handle also increased, by 2.7% to $797.1 million.
The Valley Forge Gaming Destination and its associate, FanDuel, are dominating the scene, bringing in $22.1 million in earnings from $292 million in wagers. Hot on their heels are Hollywood Meadows Casino and Barstool, who secured second place with $231.1 million and $7.8 million in bets, respectively. The Rivers Casino in Pittsburgh and BetRivers generated $2.6 million in profits from $33.4 million in wagers.
In the meantime, video gaming terminal earnings increased by 5.2% to $3.5 million in October, but fantasy sports betting earnings decreased by 12.7% to $2.5 million.
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