The Pennsylvania Gaming Management Board (PGCB) experiences that November gaming income topped $444.4 million, a virtually 2% year-over-year decline.
Pennsylvania sports activities bettors in November risked extra money than they ever have earlier than in a single month. However oddsmakers reported poor win charges, which precipitated Pennsylvania gaming income to dip. (Picture: USA As we speak)
Final month’s 1.7% drop in gross gaming income (GGR) was primarily due to a poor month-to-month efficiency from oddsmakers.
Regardless of taking greater than $900 million in bets for the primary time, and the $934.1 million in wagers representing an all-time month-to-month deal with file, sportsbooks stored simply $12.8 million. Sportsbook earnings was down 76% from November 2022 once they gained $52.8 million from bettors.
Bettors fared effectively on the NFL’s Philadelphia Eagles, who gained all three of their November video games. The Pittsburgh Steelers additionally went 3-1 through the month.
Pennsylvania’s 17 brick-and-mortar casinos offset among the sportsbook losses, with retail slots profitable about $189.7 million, a 2% year-over-year premium, and tables profitable $77.8 million, down 1.7%. The mixed in-person GGR of roughly $267.6 million represented a 1% enhance — or $2.8 million — from November 2022.
Pennsylvania’s November GGR of $444.4 million from casinos, sportsbooks, iGaming, truck cease slots, and fantasy sports activities ranked third within the US when it comes to month-to-month gaming win. New Jersey edged Pennsylvania at $482.4 million. Nevada hasn’t but unveiled its November numbers, however statewide gaming income will doubtless are available in north of $1.3 billion.
iGaming Continues Progress
Whereas the state’s legacy casinos proceed to extend GGR, their on-line on line casino platforms proceed to draw new gamers and broaden web play.
Interactive slots gained $109.3 million in November 2023, a 26% surge on the earlier November. On-line desk video games gained $46.4 million, a virtually 18% leap, whereas on-line poker rake added about $2.3 million.
The mixed iGaming win of $158 million represents a 23% spike on November 2022, a rise of greater than $29.4 million, and a pair of% rise from October 2023.
Penn Leisure, which operates 4 casinos within the Keystone State, together with Hollywood On line casino at Penn Nationwide Race Course, Hollywood On line casino York, Hollywood On line casino on the Meadows, and Hollywood On line casino Morgantown, is the iGaming chief. The Hollywood On line casino platform, which was lately transformed to the corporate’s ESPN Wager digital sportsbook and iGaming community, accounted for greater than $61.1 million of the web GGR.
Boyd Gaming’s iGaming enterprise via its Valley Forge On line casino Resort’s partnership with FanDuel got here in a distant second at $41.1 million. FanDuel leads in sports activities betting, because the retail and on-line sportsbook took over $384 million in bets final month and gained $8.4 million.
Income from truck cease slots, that are technically video gaming terminals, slid about 4% to $3.4 million. Fantasy sports activities contest charges totaled $2.5 million, a 2% enchancment.
Wind Creek Narrows Parx Lead
Parx On line casino north of Philadelphia has been main the Pennsylvania gaming trade for a lot of months. Considered one of solely two absolutely smoke-free casinos within the commonwealth, with the opposite being its sister satellite tv for pc on line casino Parx On line casino Shippensburg, Parx Philly maintained its frontrunner standing in November. However Wind Creek is closing in.
Parx gained $29.7 million on its in-person slots final month. Wind Creek positioned second, with its terminals profitable $22.8 million.
Wind Creek led on the felt with its tables profitable $20.9 million. Parx’s tables positioned second at $15.6 million.
The month-to-month retail GGR for Parx was $45.39 million. Wind Creek’s retail win totaled $43.74 million.
