Pennsylvania web on line casino income hit an all-time month-to-month excessive in February. In response to the Pennsylvania Gaming Control Board (PGCB), on-line playing income topped $184.9 million. That’s 40% larger than the $131.6 million in February 2023.
The Pennsylvania State Home in Harrisburg. The Keystone State noticed web gaming income set a brand new file in February. (Picture: NBC Information)
The income reported by the PGCB exhibits the rise was boosted by a $77.3 million haul by Penn Nationwide’s a number of web on line casino platforms. Penn’s February determine was 36% larger than 12 months prior. Penn Nationwide is house to on-line platforms DraftKings, BetMGM, and its inner platform.
All-time web on line casino operator income within the Keystone State has surpassed $5 billion since iGaming launched in July 2019.
February’s file income complete got here regardless of a decline in deal with from January. The state obtained $51.1 million in tax receipts from iGaming in February. That’s the primary time Pennsylvania crossed the $50 million benchmark.
The primary two months of 2024 have now seen $94 million enter the state’s coffers, which is greater than $20 million forward of final yr’s tempo.
Whole Playing Income is a Blended Image
Whole playing income in February amounted to $499.1 million. That’s 9.3% forward of the $456.8 million in Pennsylvania for a similar month final yr. However, the February complete for all types of playing is 1.6% behind the $464.4 million booked in January.
The PGCB regulates all gaming income from slot machines, desk video games, web gaming, sports activities wagering, fantasy contests, and video gaming terminals. The PGCB says complete tax income generated collectively from all types of gaming was $204.9 million in February.
Retail slots stay the biggest income within the Keystone State producing $202.7 million.
The PGCB’s February report signifies momentum early on this yr for all types of gaming and follows a file 2023. As reported by On line casino.org, iGaming, in-person and on-line sports activities betting, brick-and-mortar casinos, and fantasy sports activities mixed to win $5.697 billion in 2023. That’s a 9.3% improve from the earlier yr.
Different Notes From Pennsylvania
There have been small positive factors for brick-and-mortar casinos in February. Retail on line casino income totaled $279.4 million, up 0.7% in comparison with final yr.
9 of Pennsylvania’s 18 venues noticed at the very least $10 million in slot winnings. Three casinos surpassed $20 million.
The sports activities betting market did see a lower in income in February, nonetheless. 12 months-on-year sports activities betting income declined 30% to $30 million.
Sports activities betting commercials have come beneath scrutiny in Pennsylvania, as they’ve in lots of U.S. states. Operators in Pennsylvania have been advised to take away sure phrases and phrases from advertisements and advertising and marketing supplies. The PGCB joined different states in mandating that licensed sportsbooks don’t use phrases comparable to “free wager,” “risk-free wager,” “free play,” or related language.
