Pennsylvania’s sports betting vertical roared back to life after a run of quieter months, with revenue for January more than doubling.
iGaming Business and Ficom Leisure are delighted to present the Pennsylvania iGaming Dashboard, providing a monthly breakdown of the latest figures from the Keystone State’s regulated gambling market.
The data will be updated monthly following the official release of figures from the Pennsylvania Gaming Control Board.
After slumping to a four-month low in December, Pennsylvania sports betting recovered strongly in January, with revenue leaping to $22.8m. While retail revenue climbed 65.2% month-over-month to $4.9m, online betting was the star performer with revenue jumping 113.4% to $17.9m.
Valley Forge Casino, with its sports betting partner FanDuel, consolidated its leading position in the market, despite a marginal decline in market share compared to December 2019.
However, its 35.4% combined online and retail share leaves it far ahead of its closest competitor, Rush Street’s Rivers Philadelphia, on 14.6%. Rush Street’s position in second may soon be under threat, as Meadows (partnered with DraftKings) has grown strongly since launching in October, accounting for 13.3% of all market revenue in January.
Turning to online gaming, the vertical has grown consistently since its July 2019 launch, with January revenue up 31.4% to $14.0m. Slots accounted for $7.2m of the total, but table games are not far behind, on $6.8m.
Banked games (such as roulette and blackjack) revenue was up 78.5% to $4.6m, while poker’s contribution declined slightly, to $2.2m.
In igaming, Rivers Philadelphia rules the roost, accounting for 25.4% of monthly revenue. Mount Airy, allied with The Stars Group, followed closely behind, on 24.9%, with Penn National coming in third on 17.2%
Elsewhere, land-based slot revenue grew consistently, while table games experienced a slight sequential decline, though the channel’s revenue still dwarfs the online contribution.
January also proved a landmark of sorts for video game terminals hosted at truckstops. Launched in August last year, January marked the first time revenue from the operation broke the $1m barrier.
It also provides quarterly figures, available via iGamingBusiness.com, on the Spanish online market in the Spain iGaming Dashboard, on the Danish market in the Denmark iGaming Dashboard, and on the Portuguese market in the Portugal iGaming Dashboard.
A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector.