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Pennsylvania sports betting and igaming revenue up in September

News

Licensed sportsbook operators in Pennsylvania generated collective revenue of $19.4m in the second full month of regulated sports wagering, while interactive gaming revenue in September amounted to $5.3m.

Overall sports wagering revenue was up from $9.9m in August, with consumers spending $194.5m in total, up from $109.0m in the previous month.

Online was again the primary source of income for operators, as licensees took in a total of $13.7m in revenue for the month, compared to $6.3m in August. Online spend also climbed from $83.2m to $158.2m

Figures from the Pennsylvania Gaming Control Board (PGCB) also show growth in the retail sports wagering market, with revenue up from $3.6m in August to $5.7m and retail handle climbing from $25.8m to $36.4m.

Valley Forge Casino recorded the highest sports betting revenue in September, posting $7.5m for the month, more than double the $3.1m it managed in August. Valley Forge also ranked first in terms of online sports betting revenue, with its FanDuel-powered sportsbooks bringing in $7.1m.

Parx Casino had the highest retail revenue for the month, posting $1.07m, which was marginally ahead of Sugarhouse Casino on $1.06m. However, Parx Casino’s total sports betting revenue came in at $2.9m, lower than Sugarhouse Casino on $3.6m, with the latter boosted by higher online income.

Rivers was another stand-out performer in September, posting $2.9m in overall sports betting revenue. However, none of the other licensed sportsbooks in the state were able to post revenue of more than $500,000, though both Presque Isle ($495,548) and South Philadelphia Race and Sportsbook ($490,153) came close.

For the 2019-20 financial year to the end of September, licensed operators have generated collective revenue of $34.3m and processed $362.9m in bets.

In terms of online gaming, overall revenue amounted to $5.3m for September, up from $3.4m in August. Consumers spent a total of $140.8m on internet gaming, compared to $111.8m in the previous month.

Interactive slots were by far the main source of income for operators, with this form of internet gaming generating $4.4m in revenue, up from $2.5m in August. Slots spend also climbed from $62.0m to $94.0m.

However, figures from the PGCB show a decline in the interactive tables market, with revenue dipping slightly from $902,914 to $900,245, due to a drop in spend from $49.8m to $46.8m.

Penn National led the way with $3.0m in overall revenue from $41.1m in total bets, driven by $2.8m in online slots revenue. Interactive tables revenue came in at $165,890 for the month.

Parx Casino followed with overall revenue of $1.3m for the month, posting the highest interactive table game revenue in the state ($505,744). SugarHouse Casino was just behind with $1.1m in revenue, the majority of which came from online slots ($840,072).

Online gaming revenue for the 2019-20 financial year to September 30 totalled $9.6m, with consumers spending $292.9m in the process.

The PGCB also published results for its land-based slots market for September, with revenue slipping from $206.3m in August to $188.4m last month. Player spend was also down from $2.59bn to $2.4m.

In terms of fantasy sports, overall revenue amounted to $2.9m, up 37.3% on the same month last year. DraftKings was the market leader with $1.6m in revenue, ahead of FanDuel on $1.4m for the month.

Image: ErgoSum88