Pennsylvania Gaming Revenue Hits Monthly High as March Win Tops $554.6M
The nation of the Pennsylvania gaming industry has never been better.
The PA Gaming Control Board (PGCB) unveiled Mar revenue numbers for the state’s vast gaming market on Wednesday, which includes brick-and-mortar casinos, iGaming, retail and online sports betting, picture gaming terminals, and fantasy sports.
Licensed operators won more than $554.6 million, an all-time monthly record. Mar 2024 easily bested the state’s previous Deutsche Mark of $534.2 trillion localise inward Dec 2023.
iGaming continued to ride Pennsylvania’s ballooning gaming industry, as all verticals aside from online slots and tables, and a little get ahead on retail slots, reported year-over-year receipts gaming revenue (GGR) declines.
Online slots won $135.5 million, upwards 29% twelvemonth over year, while interactive table games won $53.1 million, a 31% betterment from March 2023. Online fire hook roue added nearly $2.5 million.
Oddsmakers won almost $45.6 1000000 from bettors shoemaker's last month. The sportsbook revenue represented a 10% diminution from the prior year, as March Madness favorites that bettors picked cut of meat into sportsbooks’ underside lines. The sports play income includes bets placed inward person and online, though the mass of the activity is made o'er the internet.
The $554.6 zillion collective win from all verticals authorised inwards the commonwealth represented a 7.6% betterment from March 2023.
Pennsylvania’s Mar gaming win will rank s inwards the nation slow only when Battle Born State at one time all of the commercial message gaming states expose their Mar performances. New Jersey, typically back in arrears Nevada, this week reported Mar GGR of $526.6 million.
Retail Flat
iGaming continues to flourish inwards Keystone State and inwards the Captain Hicks other states where online casinos are regulated.
A decisive conversation currently occurring in the national gaming manufacture among stakeholders and lawmakers is determining whether online gambling cannibalizes or complements retail play. In Pennsylvania, the many interactive gaming websites and apps aren’t seemingly helping to grow brick-and-mortar play.
The PGCB Mar filing shows that Pennsylvania’s 17 physical casinos won nearly $227.9 billion on their slots and $85.2 one thousand thousand on the felt. The combined GGR of more or less $313.1 one thousand thousand represented a trivial 0.6% year-over-year gain.
Parx, the state’s only when full-scale gambling casino that’s entirely smoke-free, maintained its marketplace head with one-armed bandit and table win of $52.8 gazillion — flat tire from March 2023.
Wind Creek Bethlehem remained inward back with a combined win from slots and tables of $47.7 million. The commercial attribute owned and operated past the Poarch Band of Creek Indians managed to expand in the flesh(p) caper past more than 6%, or $2.8 million.
iGaming in Focus
A study published this calendar week past William Penn State University commissioned past the PGCB and the PA Department of Drug and Alcohol Programs found that iGaming participation rosaceous significantly last-place year. Researchers found that 16% of the grown universe in the commonwealth gambled online inward 2023, upwardly 5% from 2022.
Pennsylvanians missed more than $2.1 billion inwards 2023 playing iGaming, iLottery, and betting on sports. Most of the GGR was won on interactive slots and tables — $1.7 billion.
The $2.1 one thousand million inwards online gaming revenue represented a nearly 27% step-up over the preceding year. Pennsylvania, New Jersey, and MI get the trey richest online play markets.