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Pennsylvania achieves record revenue after strong casino performance

News

The state of Pennsylvania achieved a record gaming revenue figure of $3.88bn for the fiscal year 2020/21 – the period of July 1, 2020 to June 30, 2021 – representing a 44.4% increase on the previous year.

Slot games were the largest contributor, generating $1.89bn of revenue for the year. Igaming revenue was the next largest, bringing in $897.2m, followed by table games which amounted to $721.8m. Sports wagering revenue has increased dramatically, rising 171.6% year-on-year to $308.8m.

The majority of slot machine revenue came from Parx Casino, which brought in $373.4m. Wind Creek Bethlehem was next on $221.9m, followed by Rivers Casino in Pittsburgh with $196.1m.

Parx and Wind Creek also led the way with regards to table revenue, bringing in $174.5m and $133.3m respectively. Both Rivers Casino branches in Philadelphia and Pittsburgh raised $83.3m and $61.6m.

The FanDuel-powered Valley Forge Casino was the best performer in terms of sports wagering revenue, bringing in $126.4m, which represented a 209.1% increase from the year before. Meadows Casino raised $54.5m, whilst Hollywood Casino at Penn National’s sports wagering revenue skyrocketed – growing 1540.6% to $27.6m.

DraftKings beat out FanDuel to be the best performing sportsbook in the state, with the former’s revenue amounting to $16.2m compared to $11.4m for the latter.

Statewide, Pennsylvania also recorded revenue figures of $388.9m for June 2021, representing a 193.3% increase on the same month in 2020.

Retail slot machine revenue for the month totaled $183.0m, whilst its igaming counterpart generated $60.5m. Retail table games experienced the biggest growth, increasing 563.0% to $77.6m.