The Pennsylvania casino industry is once more proving to be one of the strongest and most stable in the nation. Gaming revenue totaled $429 million in July across all retail and online casino gambling, an increase of 1.28% from July 2021 ($423.7 million), as the Pennsylvania Gaming Control Board reported.
Retail slots ($213 million) accounted for nearly half of all adjusted gross revenue (AGR), but numbers in that vertical are down almost $9 million (-4.03%) year-over-year. On the other hand, online slots and sports wagering revenue are up 13.73% and 28.14%, respectively, more than picking up the slack from retail slots.
PA iGaming revenue continues to grow
Some verticals and properties carried more weight than others, despite overall numbers in the green statewide.
July was the first month in 2022 where retail slots were down YoY. Recent months have shown increasing slot revenue, and we expect that trend to resume during the fall months, making July’s dip that of an outlier.
Retail table games ($86.7 million AGR) and video gaming terminals ($3.6 million AGR) also took hits in July, though not by sizable absolute dollar figures. Table game revenue was within $250,000 AGR (-0.27%) of July 2021, and VGT revenue was around $140,000 less AGR YoY.
Meanwhile, iGaming keeps charging forward, showing that it is not subject to the same potential downsides as retail gaming, such as distance and seasonality. All iGaming verticals showed an increase in AGR from July 2021:
- Slots: $71.9 million; +13.73%
- Sports wagering: $25.4 million; +28.14%
- Table games: $23.9 million; +4.54%
- Poker: $2.8 million; +6.5%
Wind Creek and Valley Forge thrive, others not so much
Valley Forge ($41.4 million AGR; +17.09%) and Wind Creek Bethlehem ($50 million AGR; +13.93%) had the highest YoY increases in July.
Wind Creek also set a state record with $23.6 million in table game revenue, with PlayPennsylvania confirming that statistic as a nearly 42% increase from July 2021. It’s also up almost 30% from the $18.2 million reported in June.
Hollywood properties at Penn National, Meadows, York, and Morgantown all reported YoY increases, and Harrah’s Philadelphia was in the green by a narrow margin of 0.55%.
Just about every other casino had a down month in July 2022 YoY. Parx ($56.4 million AGR) nearly lost its top position in the market, edging out Hollywood Casino Penn National by just $580,000 after reporting a 11.99% YoY decrease.
Rivers Casino Philadelphia ($43.3 million AGR; -13.72%), Mount Airy ($23.6 million AGR; -8.49%), Live! Philadelphia ($21.2 million AGR; -7.55%), Mohegan Sun Pocono ($21.1 million AGR; -8.95%), and Presque Isle ($11.2 million AGR; -16.04%) all got hit in July, too.
PA iGaming July revenue remains fairly consistent
Monthly Pennsylvania iGaming revenue dropped slightly in July. Online casinos reported $123.2 million in revenue, down $3.1 million (-2.5%) from June. Still, Pennsylvania’s iGaming industry has established itself as one of the best in the nation, and another month above $120 million confirms that.
Penn National retained its market share with 40.1% of iGaming revenue. Its brands of Hollywood, DraftKings, BetMGM, PointsBet and Barstool combined for $49.4 million in revenue.
Rivers had another 25.9% of the pie, reporting $31.9 million in revenue from its three brands of BetRivers, SugarHouse, and Borgata.
Valley Forge (FanDuel and Stardust) was third with $18.6 million. Combined, the three fell just $26,000 short of $100 million in total revenue, or 81.1% of all PA iGaming revenue in July. See below for a full breakdown of the numbers:
PA online casino revenue breakdown July 2022
|Hollywood Penn National||$49,419,587||$37,818,948||$11,325,297||$275,341||$10,834,272||$14,537,359|
|Mohegan Sun Pocono||$1,732,888||$1,720,238||-$37,349||$0||$373,635||$650,427|
|Presque Isle Downs||$709,928||$598,347||$111,581||$0||$2,539||$297,883|
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