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Pennsylvania boosted by casinos reopening in June


Pennsylvania saw gambling revenue more than double month-on-month as casinos reopened during June.

According to figures released by the Pennsylvania Gaming Control Board (PGCB), the state accrued revenue of $132.6m for the month, which was up 116.4% on May’s $61.0m, when figures were impacted by a full month of lockdown.

Eleven of the state’s 12 casinos reopened during June and generated slot machine and table games revenue for the first time since March 16.

While some venues opened from 9 June, eight of the properties only opened in the final eight days of the month. Compared to June 2019, revenue was down 51.3% from $271.3m.

Rivers Casino Pittsburgh was the top performing venue with revenue of $20.6m, although this was down 32.5% year-on-year.

Retail slots revenue was the biggest vertical at $62.4m, which was down 69% year-on-year.

June saw another bumper month for igaming with more than $50m in revenue for the second consecutive recording period.

The figure of $50.1m was down on the $55.8m accrued in May, but still significantly up on the $43.1m recorded in April and more than double March’s $24.3m.

Internet slots accounted for $36.8m of that total, with $10.0m from table games and $3.24m from online poker.

June 2020 total sports wagering handle was $89.0m, or 15% higher than May total of $77.5m. Revenue was up 38% month-on-month to $6.7m, and up 228% year-on-year with many more sportsbooks having begun operating over the last 12 months.

While retail betting revenue produced a loss of $99,270 at 10 venues, online produced revenue of $6.8m.

Valley Forge Casino Resort, partnered with FanDuel, was the best-performing venue with $2.8m in revenue from handle of $32.9m. The Meadows Casino, partnered with DraftKings, was second with revenue of $1.3m from handle of $25.0m.

Meanwhile, Pennsylvania has also released full-year figures to June 30 which show the state’s gambling market saw a decline of 18% year-on-year to $2.72bn.

“This is […] primarily as a direct result of casino shutdowns and other factors related to Covid-19 restrictions,” the PGCB said.

“This included closure of casinos for nearly three months, affecting slot machine, table games, video gaming terminals (VGTs), and retail sport wagering, along with the stoppage of play of major sporting events which affected all sports wagering.”

Gross revenue from slot machines at the casinos was $1.70bn, down 29%, with table games down 27% to $644.5m. Sports wagering revenue was up a huge 423% to $113.7m, with legal betting having only been introduced during the latter part of the prior reporting period.

Total online gaming revenue for the financial year was $240.9m, with the vertical introduced from July 2019.