Pennsylvania’s igaming vertical broke revenue records for the third consecutive month, while online sports betting GGR rose to a high of close to double the market’s previous best.
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 is updated monthly following the official release of figures from the Pennsylvania Gaming Control Board.
Online casino GGR climbed to $59.8m last month, up 4.9% on September’s total of $57.0, the previous market high.
Within the vertical, both slots and table games contributed to the strong performance by each registering record revenue figures. The former saw revenue of $40.3m, up slightly on September’s $39.9m, while the latter’s GGR of $17.0m represented a more significant 15.6% increase on the previous month’s $14.7m.
Poker revenues were flat month-on-month at $2.4m, but have dropped off significantly since the peak of the lockdown, with a high of $5.3m having been recorded in April.
Though Rivers Casino continued to lead the igaming market in revenue terms, it lost ground last month, with its share falling to 27.8%, down from 28.3% in September and 30.6% in August.
In contrast, DraftKings-partnered Penn National’s market share has been rising steadily in recent months, such that it reached a 26.0% share in October, putting it within striking distance of overtaking Rivers.
Third-placed Valley Forge remains some way behind the top two operators, with a market share of 16.8% last month, up from 16.0% in September.
In sports betting, both retail and online revenues hit all-time highs last month, but it was online that was the star performer with GGR of $30.5m. This was a huge rise on September’s $1.1m, when bookies had a poor month in revenue terms despite handle hitting a record high.
More significantly, however, it was a huge jump on the previous revenue record of $17.9m, set in January this year. In addition, October’s revenue total represented a 196% rise on last October’s $10.3m.
Retail also performed well, with October’s $6.3m in GGR a 23.5% rise on the previous month and a 37% increase on October last year.
Market leader FanDuel, which is partnered with Valley Forge Casino, regained much of the market share it lost in September, accounting for 42.2% of the market last month, up from 28.5% the previous month.
Rival DraftKings, which has a partnership with Meadows, also rebounded in October after making a loss in September that gave it zero market share for the month. In October it regained its second place, taking 18.5% of the market in GGR terms.
It also provides quarterly figures, available via iGamingBusiness.com, on the Spanish online market in the Spain iGaming Dashboard, on the Italian market in the Italy 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.