PA Online Casinos Boost Overall Gaming Revenue with Record $60 Million October

PA gaming revenue jumped nearly 13% year over year, thanks in large part to a record $59.8 million October for online casinos and poker combined.

In Pennsylvania, online casinos continued a rocketing revenue run with a record in October of nearly $59.8 million.

That’s a healthy increase from the former record of $57 million set just a month before, according to the Pennsylvania Gaming Control Board (PGCB) figures.

Total gaming — retail casino slots and table games, online casinos, retail and online sportsbooks, poker, VGTs and fantasy contests — generated combined revenue of more than $320.2 million. That’s up 12.87% compared to revenue generated in October 2019.

The total tax revenue generated through all forms of gaming was more than $130.1 million during October 2020. Of that, $24.9 million came from iGaming.

Online table game revenue really jumps

In October, interactive slots took in nearly $40.4 million, online table games nearly $17 million and poker more than $2.4 million.

In September, online slots had accounted for more than $39.9 million in revenue, with an additional $14.7 million from online table games.

Also in October, total wagers on table games topped $1 billion — a first.

Online poker steady, VGT revenue up

With just one operator, PokerStars PA via Mount Airy Resort, online poker generated more than $2.4 million in October. That continues a trend down from $2.7 million in revenue in August.

Truck stop video gaming terminals generated nearly as much revenue as online poker — more than $2.4 million. There are now four operators with machines in 37 locations; each location has five machines.

Sports wagering handle hits new highs

In October, sports betting was up significantly over the previous year, with a total handle of more than $525.8 million. That’s more than double the handle a year ago, when it was nearly $241.2 million.

Additionally, the taxable sports wagering revenue figure of $36.8 million for October 2020 set a record, eclipsing the previous monthly revenue high of more than $22.8 million in January of this year.

Nov. 17 marks two years since the very first legal sportsbook opened in Pennsylvania.

Casino-based games down

Casino-based slots and table games, with COVID-19 capacity restrictions, were down 17.22% and 13.43%, respectively, but online gaming channels have made up the difference and then some.

A year ago, there were 23,786 slots on the casino floors, but there were just 16,611 in operation this October.

October online casino breakdown by PA operator

A complete breakdown of October revenue, including slots and table games by operator (online gaming license holder), can be found here:

Casino OperatorTotal RevenueSlots RevenueTable Games Revenue
Rivers Philly (SugarHouse & BetRivers)$16.6 million$14.1 million$2.5 million
Penn National (DraftKings Casino)$11.0 million$5.1 million$6.0 million
Valley Forge (FanDuel)$10.0 million$5.0 million$5.0 million
Parx Casino$5.9 million$5.1 million$793,000
Mt. Airy (PokerStars & Fox Bet)$4.5 million$2.9 million$1.6 million
Penn National (Hollywood Casino)$4.5 million$4.2 million$269,000
Mohegan Sun Pocono (Unibet)$2.6 million$2.1 million$492,000
Harrah's Philly (Caesars)$774,000$628,000$146,000
Wind Creek Casino$596,000$534,000$62,000
Presque Isle Downs (BetAmerica)$485,000$375,000$110,000
Live! Casino Philadelphia $278,000$248,000$30,000
Totals:$57.3 million$40.3 million$17.0 million

Casino operators by the numbers

Five operators had total online casino revenue above $5 million.

  • Rivers Philly, which combines SugarHouse and BetRivers, topped $16.6 million, with more than $14 million in revenue from slots.
  • Penn National/DraftKings topped $11 million in online revenue, with more than half from table games.
  • Valley Forge/FanDuel hit more than $10 million in online revenue, with table games accounting for more than half.
  • Mount Airy, which includes PokerStars and Fox Bet, brought in more than $9.4 million when online table games, online slots and online poker are combined.
  • And Parx had nearly $6 million in iGaming revenue.

Live! Casino Philadelphia, which is still new, trailed everyone with just $278,463 in total online revenue in its third full month in operation.

Lead image via Dreamstime.

PokerStars PA Has Meteoric Rise To Record April Revenue, Biggest Prize Pool Yet

A look at the rise of PokerStars PA since its November launch and factors contributing to record March and April revenue for the lone PA online poker operator.

Another month, and another record broken.

In March, PA online gambling smashed through to record revenues. In particular, online poker soared to new heights, boasting a 71% month-over-month increase to the tune of $3.13 million in revenue.

The surge only continued in April. The lone PA poker operator, PokerStars PA, posted $5.25 million in revenue, with the state profiting $837,550. That was a 68% increase over the previous record, set in April.

The Keystone State ordered a forced shutdown of its brick-and-mortar casinos in mid-March as part of efforts contain the spread of the coronavirus (COVID-19), and housebound players have looked for other means of entertainment.

Primarily, PA online casinos have reaped the benefits of people staying home. PA iGaming was up 73% in revenue compared to March, which was the previous best for the industry. April saw online gaming revenue in PA shoot up to $41.3 million, which added up to $18.3 million in tax revenue for state and local entities.

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Looking back at PokerStars PA revenue since launch

Certainly, the lone online poker operator for the Keystone State has gone from strength to strength since its launch.

Even during its debut month in November 2019, PokerStars PA posted revenue numbers of close to $2 million. With a 16% tax rate (state and local combined), PA profited by $314,479.

PokerStars PA did see the traditional drop in revenue during the months of January and February, but this seems to also hold true when comparing New Jersey’s yearly numbers.

Since the closure of live gambling venues, online numbers have continued to climb.

MonthRevenue
Nov. 2019$1,965,494
Dec. 2019$2,473,137
Jan. 2020$2,157,266
Feb. 2020$1,830,356
March 2020$3,133,019
April 2020$5,253,304

First PASCOOP smashes guarantees by $1.2 million

A big bolster for the PA online poker revenue numbers in April was the successful completion of the inaugural Pennsylvania Spring Championship of Online Poker (PASCOOP).

PASCOOP consisted of 50 poker events made up of “High” and “Low” buy-ins. In total, 100 tournaments with an overall guaranteed prize pool of $2 million played out.

The increase in player traffic ultimately shattered the guaranteed prize pool to the tune of $3.2 million. Only four tournaments didn’t meet the guarantees, and the overlays added up to a measly $4,741.50.

PokerStars PA Ambassador Jennifer Shahade won Event No. 28-H, known as the Sunday Special. With an entry fee of $200, Shahade won $11,527 for her efforts while streaming her first Twitch session. For more about “JenShahadePA,” read the PlayPennsylvania interview.

Bright future ahead for PokerStars PA

For the foreseeable future, it appears that PokerStars PA will continue its meteoric rise, especially since brick-and-mortar casinos still remain closed.

In fact, it just offered up Pennsyl-MANIA, which ran May 17–18. For a buy-in of $200, the event posted the largest prize pool guarantee in the site’s history.

True to its word, Pennsyl-MANIA received double the entries needed to hit the guarantee. The tournament topped out at an official 2,774 total entries. The guarantee didn’t just meet the $250,000 mark, it hit a staggering $515,964 prize pool — the biggest yet in PA poker.

Even when casinos do reopen in PA, it’s likely that live poker rooms won’t reopen until some time later. With that being the case, and with the popularity of online poker in PA peaking, the record numbers are likely to be sustained for weeks to come.