Pennsylvania’s gaming trade continues to develop. Contemporary off its finest 12 months ever the place gamblers misplaced a file $5.7 billion, the Keystone State’s gaming operators have maintained their momentum in 2024.
Chips are stacked on a roulette desk. Pennsylvania casinos gained virtually $521 million in Could. On-line casinos drove the continued income momentum. (Picture: Unsplash)
The Pennsylvania Gaming Management Board (PGCB) on Tuesday revealed that Could gaming win was almost $521 million. Gamblers misplaced a mixed $520,997,868 enjoying on line casino slot machines and desk video games, betting on sports activities, playing on-line, and thru different verticals. The income quantity doesn’t embrace lottery losses.
Could’s gross gaming income (GGR) represented a 9% year-over-year enhance on Could 2023 when operators gained roughly $479.4 million.
Every month this 12 months has skilled year-over-year income beneficial properties. 2024 up to now was highlighted by March, when the state gaming trade reported its finest month ever with GGR upwards of $554.6 million.
Battle for Second
Nevada continues to be the richest gaming state within the US. Silver State on line casino income final 12 months was a file $15.5 billion, which marked Nevada’s third consecutive 12 months of reporting a brand new GGR excessive.
New Jersey and Pennsylvania have been battling for the title of the second-richest gaming state during the last couple of years. Pennsylvania unseated New Jersey in 2022 by simply $28,735, as Pennsylvania’s GGR of $5,211,303,191 edged the Backyard State’s GGR of $5,211,274,456.
New Jersey regained the second spot in 2023 with GGR of greater than $5.77 billion, about $70 million greater than Pennsylvania.
By way of the primary half of 2024, Pennsylvania GGR totaled $2,556,551,344. New Jersey gaming income from January via Could totaled $2,567,771,975, a distinction of about $11.2 million.
Could Numbers
iGaming platforms have been most chargeable for the Could uptick in Pennsylvania GGR. On-line slots generated income of $126.9 million — up 26% — whereas interactive desk video games gained $44.9 million, a 19% year-over-year enchancment.
Retail play additionally made beneficial properties, nevertheless, as brick-and-mortar slots and tables mixed to win roughly $297.85 million. That represented a 2% enhance from Could 2023. Pennsylvania is dwelling to 17 bodily on line casino properties.
Oddsmakers saved $44.2 million of the greater than $591.9 million in bets wagered. Simply $2.6 million of the win got here from bets positioned in individual.
The FanDuel Sportsbook, which is partnered with Valley Forge On line casino Resort within the Philly suburbs, continues to regulate the sports activities betting market in Pennsylvania. FanDuel accounted for $22.8 million of the Could maintain.
Video gaming terminals in truck stops added $3.7 million in income, up 3%, whereas fantasy sports activities charged $1.15 million on contest commissions. The fantasy sports activities trade continues to say no, because the Could quantity was 5% decrease than Could 2023. On-line poker rake totaled $2.27 million, down 9% from a 12 months in the past.
Parx On line casino, one among solely two nonsmoking casinos in Pennsylvania, led retail play with $32.6 million in slot income and $18.3 million on the felt. Wind Creek Bethlehem was second with slot win of $24 million and felt revenue of $20.2 million.
Efforts proceed within the Harrisburg capital to remove tobacco smoking from the on line casino flooring. Proponents of ending the on line casino smoking loophole have often pointed to Parx main the state gaming trade when it comes to retail GGR.
