ANOTHER RECORD IN PENNSYLVANIA AS NOVEMBER GAMING REVENUE HITS $432.5M

Pennsylvania’s regulated betting and gaming market hit a new record monthly high in November as total revenue increased by 52 per cent compared to last year to $432.5m.

Total gaming and sports betting revenue increased by 1.5 per cent versus the previous record high in October 2021, with the sports betting segment recording the biggest growth as revenue rose 70 per cent to a new record monthly high.

PENNSYLVANIA GAMBLING REVENUE COMPARISON: NOVEMBER 2021 (US$)

Revenue from land-based slot machines were up by 43 per cent year-on-year at $185.5m in November, with Parx Casino generating the most from retail slots as revenue increased by 15 per cent to $31.6m, ahead of Wind Creek Bethlehem’s $22.6m and Rivers Casino Pittsburgh’s $21.1m.

Land-based table games revenue grew 58 per cent versus a year ago to $82.9m, with Wind Creek Bethlehem leading the way with revenue of $19.0m, ahead of Parx Casino’s $17.7m and Rivers Casino Pittsburgh’s $9.7m.

Revenue from the iGaming sector increased by 57 per cent year-on-year to $93.9m, with online slots revenue up 61 per cent at $63.5m, while online table games revenue rose 54 per cent to $27.7m and online poker revenue climbed 14 per cent to $2.8m.

The biggest iGaming operator in November remained Hollywood Casino at Penn National as revenue soared 138 per cent compared to a year ago to $37.4m. Rivers Casino Philadelphia saw iGaming revenue increased 46 per cent to $24.2m, while Valley Forge Casino Resort’s iGaming revenue rose 59 per cent to $16.5m.

The state’s licensed sportsbook operators collected record handle of $761.6m in November, generating sports betting revenue of $63.7m during the month, comprising online revenue of $55.0m and retail revenue of $8.6m.

Valley Forge Casino Resort (and partner FanDuel) remained market leader for sports betting with handle of $242.0m and revenue of $29.2m, ahead of Hollywood Casino at the Meadows’ (Barstool Sports) handle of $217.0m and revenue of $12.0m.

Hollywood Casino at Penn National (Barstool Sports) generated sports betting handle of $76.0m during the month and revenue of $7.2m, while Parx Casino collected $26.1m in handle and $3.4m in revenue.

Fantasy sports revenue increased by 11 per cent to $3.4m, with the market continuing to be led by DraftKings and FanDuel, which accounted for $2.0m and $1.3m in revenue respectively.

Revenue from video gaming terminals grew by 41 per cent to $2.0m, with 59 truck stop facilities operational at the end of the month.

Overall in November, there was a new market leader as betting and gaming revenue from Hollywood Casino at Penn National rose 79 per cent to $60.1m. The next biggest operator was Valley Forge Casino Resort at $57.1m, ahead of previous market leader Parx Casino’s $56.3m.

Total combined tax revenue collected from all gambling initiatives amounted to $171.9m in November, comprising $94.3m from retail slots, $13.4m from retail table games, $39.1m from iGaming, $22.9m from sports betting, $1.7m from VGTs, and $503,713 from fantasy contests.

Gamingintelligence