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PA February igaming revenue up YoY but monthly growth streak ends


Pennsylvania’s streak of record monthly igaming revenue came to an end in February, but revenue was still four times the amount recorded in February 2020.

Revenue from online casino gaming was up 299.1% from 2020, but down 3.3% from January 2021, ending a streak of record months that started in July 2020.

Online slots were still the largest source of igaming revenue, bringing in $50.6m, down 0.8%, while revenue from online table games was down 7.5% to $24.7m. Online poker revenue, which comes entirely from Mount Airy Resort’s PokerStars product, came to $2.5m.

Looking at operators, Penn National Gaming’s Hollywood Casino, which offers a  DraftKings casino product, was the leader in online revenue with $28.0m, leading in both slots and table games.

Rivers Casino Philadelphia and its Rush Street Interactive igaming product followed with $18.0m, of which $15.1m came from slots.

The Valley Forge resort, with a FanDuel-branded online product was third in revenue with $15.5m, but was second in table game revenue as one of only two operators to bring in more from table games than slots.

In sports betting, revenue was up 246.9% year-on-year at $16.4m, but again this figure was well below January 2021, when operators took in $34.0m.

Betting handle was up 54.7% year-on-year but was down 17.3% from January. Online revenue was $13.4m, up 225.0%, while retail revenue grew 337.1% to $3.0m. However, both of these figures were down month-on-month.

Valley Forge and FanDuel led the way in betting handle with $179.2m and in revenue with $7.6m. The Meadows and its DraftKings sportsbook was in second with $113.2m worth of bets and $3.1m in revenue.

Hollywood Casino’s Barstool Sportsbook saw players stake $67.4m, but made a loss of $872,000, while Parx Casino’s own sportsbook was again third in revenue, with $1.9m.

Looking at overall gaming, revenue was down 2.9% year-and-year and 0.8% month-on-month to $302.0m. Parx Casino continued to lead the way in revenue with $47.1m, while Hollywood Casino was in second with $41.9m. Rivers Casino Philadelphia and Valley Forge Resort followed.

Retail slots were still the largest source of revenue, but revenue from this source fell 27.0% year-on-year to $145.9m. However, this was up from January 2021. Retail table games brought in $57.4m. Video gaming terminals brought in $2.5m and fantasy sports $2.0m.