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Pennsylvania sets igaming revenue record again in May


Pennsylvania set yet another record in online casino revenue in May, as operators brought in $98.6m, up 76.7% from May 2020, and 10.9% ahead of April 2021.

The state’s igaming revenue came from total stakes of $3.31bn. Like revenue, this level of wagering also surpassed the previous record set in March 2021, and was up 2.1% on April’s figure.

The record igaming revenue led to the highest recorded tax receipts from the vertical as well, at $27.3m.

Online slots and table games achieved new records in both revenue and handle in May. Revenue from slots came to $67.2m, up 73.2% from May 2020, on stakes worth $1.77bn. Table games, meanwhile, brought in $31.4m, up 153.2% year-on-year, as players staked $1.54bn.

The state’s leader in igaming revenue was Hollywood Casino at Penn National, placing first in both slots and table games with $25.4m and $15.7m respectively. Hollywood Casino offers both its own casino brand and a DraftKings casino skin.

Rush Street Interactive partner The Rivers Casino, meanwhile, brought in $27.1m in revenue, of which $23.1m came from slots.

FanDuel partner Valley Forge, which brought in $7.5m from slots and $8.8m from table games for a combined $16.3m, followed.

In sports betting, meanwhile, the state’s sportsbooks reported handle of $447.5m, the lowest since August 2020, but revenue of $37.4m, which was up 3.9% from April.

With the sports calendar still heavily limited in May 2020 as a result of the novel coronavirus (Covid-19) pandemic, betting revenue and handle were up 673.1% and 477.4% year-on-year, respectively.

Online sports wagering revenue grew 3.4% from April to $32.2m, but handle from online bets was down to $407.4m, which again was the lowest total since August 2020.

Retail betting, on the other hand, was down 0.7%, while revenue was up 9.0% to $5.2m.

The $37.4m in sports betting revenue led to the state collecting sports betting tax of $9.4m.

Leading the way in sports betting revenue and handle was the Valley Forge Casino, which is partnered with FanDuel. The casino took in $17.9m in revenue from bets worth $163.5m.

Barstool Sports partner the Meadows Casino was second in handle, with $101.4m, and brought in $5.2m in revenue.

DraftKings partner Hollywood Casino at Penn National was a distant third in revenue, with $3.0m, and hande, with $45.0m.

In the land-based sector, slot machine revenue came to $201.4m, up by less than $5,000 from April. Table game revenue on the other hand was down by less than 1%, to $77.2m.

Yesterday, the state’s regulator, the Pennsylvania Gaming Control Board (PGCB), also issued fines amounting to $284,000 to three license holders including Boyd Gaming and Penn National Gaming.