PA Online Casino Revenue Surges Past $70 Million in December 2020 with Big Push from Penn

PA online casinos set new record highs in December 2020, helped along by retail casino closures and new additions like BetMGM.

The Pennsylvania Gaming Control Board announced a new monthly record for revenue generated by iGaming. December sports wagering handle was also the highest ever for PA.

Casino games online generated more than $71.6 million in gross revenue during December 2020 compared to just above $10.6 million a year earlier.

December easily eclipsed the previous revenue high for online casino gaming, set in October 2020 at more than $59.7 million.

Online casino and online table games together had revenue of nearly $68.9 million in December. By contrast, retail revenue collectively tallied just more than $59.2 million.

Tax revenue generated from internet gaming play during December 2020 was more than $29 million.

Closures much of month for retail hurt revenue

The record results for iGaming came during a month in which retail operations at casinos and video gaming terminals (VGT) went dark.

Operations ceased on December 12th and remained closed through the end of the month due to statewide COVID-19 restrictions.

Even before that, the number of retail slot machines in operation on Dec. 11, 2020 – the day before a forced closure – was only 16,957 compared to 24,116 at the casinos on Dec. 30, 2019, according to the PGCB.

Some key figures from the December 2020 revenue report:

  • Online casino revenue was up a staggering 730.2% year over year.
  • Land-based casino slots were down 77.5% YoY.
  • Internet table games revenue was up 776.9% YoY.
  • Retail table games were down 78.2% YoY (from $78.1 million in Dec. 2019 down to $17.1 million last month).

With the closures, the combined total revenue in December from all forms of gaming and fantasy contests was more than $168.7 million, representing a decrease of 42.2% compared to revenue generated in December 2019.

Online wagering boomed, set new records

Recent growth in online gaming streams helped offset what would have been a much larger drop in YoY revenue.

Combined revenue for online casinos, poker, and online sports betting was $104.5 million, or 61.9% of the total PA gaming revenue for December.

Online poker was up slightly at $2.7 million, compared to $2.4 million in November. There is still just one operator, PokerStars PA, via Mount Airy Resort.

VGTs hurt by forced closures

Truckstop VGT terminals were down 8.67% to $802,918. Like casinos, they were ordered closed much of December.

A year ago, in December 2019, VGTs brought in $879,153.

Sports wagering boomed with the highest monthly handle

PA sportsbooks had their best month ever in December. The month’s total sports wagering handle was nearly $548.6 million or 11.5% above the November total of $491.9 million.

December was the highest monthly handle ever, eclipsing the previous record $525.8 million wagered in October.

The taxable revenue figure for December 2020 was just above $34 million, or 8.8% below the November taxable revenue of more than $37.3 million, which remains the highest for any month to date.

With two years of operating history for sports betting in PA, the Keystone State is the No. 3 jurisdiction for sports handle behind Nevada and New Jersey.

Daily fantasy contests were off 12.34%, with revenue of just more than $3 million.

December PA online casino breakdown by operator

A complete breakdown of December 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)$19.3 million$15.9 million$3.4 million
Penn National (DraftKings Casino)$13.7 million$6.0 million$7.7 million
Valley Forge (FanDuel)$11.2 million$5.1 million$6.1 million
Mt. Airy (PokerStars & Fox Bet)$7.0 million$2.8 million$1.4 million
Penn National (BetMGM)$5.7 million$3.9 million$1.8 million
Parx Casino$5.0 million$4.6 million$418,000
Penn National (Hollywood Casino)$4.0 million$3.9 million$128,000
Mohegan Sun Pocono (Unibet)$3.1 million$2.1 million$963,000
Harrah's Philly (Caesars)$1.3 million$978,000$351,000
Wind Creek Casino$591,000$441,000$150,000
Live! Casino Philadelphia (PlayLive!)$400,000$327,000$73,000
Presque Isle Downs (BetAmerica)$164,000$151,000$13,000
Totals:$68.9 million$46.2 million$22.6 million

Casino operators by the numbers

The clear front-runners in the online casino race in PA remain Penn National, Rivers Philadelphia, and Valley Forge.

The top five PA online casinos for December revenue include:

  • BetRivers/PlaySugarHouse (Rivers Philly): $19.3 million
  • DraftKings Casino (Penn National): $13.7 million
  • FanDuel Casino (Valley Forge): $11.2 million
  • PokerStars/Fox Bet (Mount Airy): $7.0 million
  • BetMGM (Penn National): $5.7 million

New additions, Penn on the rise

Penn National has made a large leap when it comes to online casino market share in PA. With the addition of BetMGM Casino on Dec. 4 (through its Hollywood Casino Morgantown license), Penn now boasts three iGaming options in PA: Hollywood online casino, DraftKings, and BetMGM.

BetMGM got off to a strong start, posting the fifth-highest iGaming revenue out of the gate.

Other recent additions – Wind Creek casino and Live! Casino Philadelphia’s PlayLive! – were near the bottom at $591K and $400K in revenue, respectively.

BetRivers/PSH had the largest slot revenue at $15.9 million. DraftKings won the online table category at $7.7 million, with FanDuel just behind at $6.1 million.

Did Colin Cowherd Win? He Predicted the Giants Upset, Bucs Rebound, Dolphins Win as Part of his “Best Blazin’ 5”

Colin Cowherd rebounded big in Week 10, going 4-1 with the help of the Bucs, Dolphins, Rams and a correctly predicted Giants upset of the Eagles.

“This is the best Blazin’ 5 I’ve had this year,” Colin Cowherd said before giving out his Week 10 picks

This is one of the instances when Colin was right. He went 4-1 and correctly called the New York Giants upset of the Philadelphia Eagles.

His Boom Bet, the Miami Dolphins to win and Tua Tagovailoa to throw two TDs, turned out to be a winner, too.

This is the third time this season Cowherd has posted a 4-1 record. His overall record after 10 weeks is 24-25-1. 

Cowherd underestimated the Steelers

They weren’t a part of his Blazin’ 5, but the Pittsburgh Steelers beat the Cincinnati Bengals 36-10 to move to 9-0.

 

Colin Cowherd 2020 Week 10 NFL picks

Cowherd’s Blazin’ 5 airs Friday on The Herd at 1 p.m. EST. We break down his picks for you here and follow up on Monday with his results.

If Fox Bet Sportsbook users wager on Cowherd’s “Boom Bet” and it wins, they usually quadruple their winnings.

Tampa Bay Buccaneers (-6) vs. Carolina Panthers

Cowherd’s pick: Buccaneers

Colin’s final score: Buccaneers 33, Panthers 21

Cowherd said:

“Pretty easy one here. I’m all over it. Good players who get humiliated on national TV are almost always good the next week. Tom Brady is 0-2 against the Saints. He’s 6-1 against everyone else this year. After a 3+ INT game, he is 6-2. The Bucs defense still forces the most turnovers in the league and is tied for the most interceptions. The Panthers are a fun story, but there is a reason they have lost four straight games. They are not that good. Christian McCaffrey is not going to play.”

Actual final score: Buccaneers 46, Panthers 23

Did Colin win? Yes

Philadelphia Eagles vs. New York Giants (+3.5)

Colin’s pick: Giants

Colin’s final score: Giants 23, Eagles 21

Cowherd said:

This is one of my favorite picks of the week. Like it, I love it. I think the Giants are going to win. Moneyline bet, maybe I already did. Doug Pederson is 1-3  off a bye. He’s not one of those coaches who is great off a bye. Carson Wentz is the most hit and most sacked quarterback in the NFL. He does get a little healthier this week with some guys coming back. The Giants are 5-1 against the spread in their last six because the bettors haven’t caught onto it. They are a good football team but not a great football team. Their defense has forced 15 turnovers this year; only Tampa has more. The Giants are a better team than Philadelphia.”

Actual final score: Giants 27, Eagles 17

Did Colin win? Yes

Los Angeles Chargers vs. Miami Dolphins (-2.5)

Boom Bet: Turn $20 into $70 if Tua tosses two TDs and Miami wins 

Colin’s pick: Dolphins

Colin’s final score: Dolphins 26, Chargers 20

Cowherd said:

What happens when something is random and then becomes a trend? Here’s a trend: I like Miami -2.5. I think what’s happened to the Chargers is now a trend. They are not well-coached at the end of games. They are 1-6 in one-possession games this year, and they were bad in one-possession games last year. Their two wins have come over the Bengals and Jags. Tua looked really good last week. We know the Dolphins defense is good. Their offense is top 10 and average 28 ppg. I think this is going to be a wildly entertaining game. But I’m betting on the better defense, the home team with better momentum and a big coaching edge to the Dolphins.

Actual final score: Dolphins 29, Chargers 21

Did Colin win? Yes

Seattle Seahawks vs. Los Angeles Rams (-2.5)

Colin’s pick: Rams

Colin’s final score: Rams 32, Seahawks 26

Cowherd said:

“A lot of people like Seattle; I like the Rams. Jared Goff is 24-5 in his career when you sack him once or less. Seattle has no pass rush. Jared Goff will be comfortable. The Rams defense is actually the story. They rank second in PPG allowed, YPG allowed, pass YPG allowed and are first for yards per play allowed. Aaron Donald has given Seattle fits. He’s got 12 sacks in 12 games against Seattle, his most against any offense. He has sacked Russell Wilson more than any quarterback. The Rams are healthier and are coming off a bye.

Actual final score: Rams 23, Seahawks 16

Did Colin win?  Yes

San Francisco 49ers (+9.5) vs. New Orleans Saints 

Colin’s pick: 49ers

Colin’s final score: Saints 28, 49ers 23

Cowherd said:

“Favorite pick of the week. Love the Niners. You think that’s the Saints? They haven’t played that well in three years. They aren’t going to look like that coming off a huge divisional win. The 49ers still have a lot of good players, and after getting humiliated by Green Bay on Thursday Night Football, with a little extra time for Kyle Shanahan, I like it. In Vegas, they think Nick Mullens is about a point-and-a-half less than Jimmy Garoppolo, and he wasn’t playing well. This is also the 49ers’ season this week.

Actual final score: Saints 27, 49ers 13

Did Colin win? No

Blazin’ 5 Week 10 record: 4-1

Colin Cowherd 2020 Blazin’ 5 season record: 24-25-1

Boom Bet record — Cowherd’s “hottest pick” boosted 4X at Fox Bet: 4-6

Be sure to check back at PAOC each week of the 2020 NFL season to see if Colin Cowherd’s picks won.

Lead image via The Herd.