Barstool Sportsbook Seems To Be Holding Their Own In PA. However…

Things seem to be going well for the Barstool Sportsbook in PA. But there may be a slight problem: they’re not making much money.

The competitive sportsbook market in Pennsylvania has over a dozen retail locations and thirteen PA sports betting apps. These feature local options and major national names.

At the top are the two names we see fighting for pole position in most states – FanDuel and DraftKings

What’s interesting to watch on the monthly revenue and handle charts is who can secure that third spot behind the two OG powerhouses. For much of 2021, that position has been heavily contested by two names: BetMGM and Barstool Sports.

Get Up to $500 At BetRivers Sportsbook!

Barstool vs BetMGM for the Current Third Place Spot

Could we have two different brands locked in competition?

BetMGM Sportsbook, the slick, high-profile company associated with some of America’s finest casinos, with celebrities touting the product. And then – the “pirate ship”, associated with controversy and feather-ruffling, the online content brand serving as the face of Penn National Gaming.

Barstool first offered their online book in PA and have held their ground so far. Eight out of 10 months so far, they’ve come in third ahead of BetMGM. Interestingly, both operate as the licensee with Hollywood Casino – albeit different locations.

BetMGM holds the license for the Morgantown location in the western portion of the state. Barstool runs the book at the flagship location in Grantville in central PA. Morgantown does not offer retail sports betting, which gives Barstool a slight edge, albeit not enough to register the difference in handle.

Overall, Barstool has risen to third overall in the historical revenue, surpassing both Rivers Casino locations, Parx, and FoxBet/Mt. Airy. They’re doing this without constant barrages of television ads, sponsoring teams, or having a location in a prime market.

Barstool Sportsbook: High Volume / Low Revenue

Yes, they’re doing it with a lot of social media ads and leveraging their content to drive business. Things seem to be going well for Barstool. There might be a slight problem: they’re not making much money.

  • In a month where Pennsylvania saw handle shatter records with over $776 million wagered, Barstool did over $73.5 million for the month, their highest amount in the calendar year.
  • However, their revenue was only $118,000 on $71.5 million in online handle.
  • In contrast, the Hollywood casino retail location collected $126,000 in revenue on just $2.0 million in volume. 

While Barstool finished last in revenue among the top-5 books in handle, they didn’t finish dead last in the table. 

In February of this year, they finished last in the revenue category, losing over $726,000 online for the month. Some books struggle with the Super Bowl (if anyone recalls any giveaways tied to Portnoy’s beloved Tom Brady, let us know). 

Can Barstool Keep Up With The Top PA Sportsbooks?

So what’s wrong with the Stoolies? How aren’t they making money?

We did a study in late October, covering their promoted PA sportsbook odds boosts each night of the week during the NBA season’s start, baseball playoffs, and other leagues operating. Of the tracked sites, they were the only ones to not offer a winning bet among the “Barstool Exclusives” in seven straight days. 

This will be something to watch as Barstool tries to maintain its position in the Keystone State and expand to other states. Love the brand or hate them, viable sportsbooks run by responsible operators keep markets competitive, which means better opportunities for players.

If the market consolidates, bigger brands will need reliable revenue to survive. Penn National Gaming has spent over half a billion so far, so don’t expect the “pirate ship” to sink anytime soon.

However, keep a weathering eye on the horizon, in case the problems persist and some executives have to walk the plank.

PA Crosses $1 Billion in Online Casino Revenue for 2021, Shatters Gaming Records in October

PA online casinos and sportsbooks broke records in October 2021, joining NJ as the first state to cross $1B in yearly iGaming revenue.

Gaming in Pennsylvania continues to recover from the worst of the pandemic. In fact, it is still growing like gangbusters, October revenue numbers released by the Pennsylvania Gaming Control Board (PGCB) show.

October was a month of revenue records, for sports betting and online casinos.

PA gaming revenue has a record-setting October

PA crossed into the $1 billion stratosphere for iGaming revenue in a single year. And it did it the same month that New Jersey accomplished the same feat.

Sports wagering handle last month was staggering, nearly $776.3 million. That’s the highest to date. That easily beats the former record of $615.3 million total set in January 2021 by an impressive $161.1 million.

Total gaming and fantasy revenue (AGR) last month was $425.9 million, an increase of 33% compared to revenue in October 2020 when it was $320.2 million. The figure from this October is an all-time monthly revenue high.

Keep in mind there were more than 9,100 fewer retail slots in operation a year ago.

Retail table games set a record of just more than $89 million, a 41% increase year-over-year. That was also the single highest month ever, besting the July 2021 figure of  $86.9 million.

Performance, however, remained uneven from property to property. That was especially so in the online casino segment with one big winnerHollywood at Penn National and its affiliated brands – and three clear losers.

We take a closer look at the key numbers for continuing strong online casino performance and record-setting sports betting numbers.

Online casinos set new record, surpass $1B yearly revenue

Casino games available online generated gross revenue of $117 million during October 2021, increasing 58.7% compared to October 2020, when revenue was $73.7 million.

That’s a new high.

The tax revenue generated from internet casino play in October was $43.3 million.

So far this year, iGaming has generated just over $1 billion in revenue and $1.8 billion over its lifetime.

There are some clear winners and losers here, with the top three operators (making up 9 of 17 online brands) making up around 80% of market share.

LicenseeOnline Brand(s)Total RevenueSlots RevenueTable Games RevenuePoker Revenue
Hollywood Penn NationalHollywood | DraftKings | BetMGM | Barstool$44,444,677$30,388,315$13,753,252$303,110
Rivers PhiladelphiaSugarHouse | BetRivers | Borgata$31,025,369$27,509,521$3,407,780$108,068
Valley ForgeFanDuel | Stardust$19,570,740$11,441,383$8,129,357$0
Mount AiryPokerStars$7,330,911$3,959,319$1,515,758$1,855,834
ParxParx$4,589,775$3,849,743$740,033$0
Harrah's PhiladelphiaCaesars$3,185,474$2,055,915$542,248$587,311
Mohegan Sun PoconoUnibet$2,446,901$1,991,867$455,034$0
Wind CreekWind Creek$1,861,652$1,669,670$191,982$0
Presque IsleTwinSpires$1,427,382$1,055,154$372,228$0
Live PhiladelphiaPlayLive | Betway$1,156,567$948,356$208,211$0
Total$117,039,448$84,869,243$29,315,882$2,854,323

Sports betting revenue sets new high

Helped by five NFL weekends and the start of NBA season, PA had its best-ever month for handle three years into legal sports betting. Also, with about half of all sports betting revenue and handle in PA coming in 2021, the segment is still gaining steam.

Sports revenue so far this year is more than $382.6 million with lifetime revenue at nearly $766.8 million.

Valley Forge Casino Resort, allied with FanDuel Sportsbook, had a total handle of $275.4 million with online revenue of $19.3 million. Their retail revenue added $566K.

Penn National’s Meadows Casino, partnered with DraftKings Sportsbook online, had a handle of $204.1 million, with online revenue of $9.6 million and total sports revenue of $9.8 million.

Land-based retail casinos fully recovered

In October, retail slot revenue was more than $203.3 million, up from $154.7 million a year ago.

Retail table revenue topped $89 million. A year back, table revenue was $63.3 million.

Penn National brands continue to suck up online casino market share

The dominant winner in the online casino segment was Hollywood Casino at Penn National Gaming, with $44.4 million in iGaming revenue. Its brands include DraftKings, BetMGM and Barstool.

But Mount Airy Casino, Parx Casino and Mohegan Sun Pocono were down double-digit percentages year over year in the online casino sector.

Lead image via Shutterstock.

Near Record May for PA Online Casinos as Revenue Tops $100 Million Yet Again

PA online casino revenue hit a near-record $110.7 million in May 2021, led by Penn National and Rivers Philadelphia iGaming brands.

May was a near record-breaking month for Pennsylvania iGaming, including online slots, table games, and poker. PA online casino gross gaming revenue (GGR) was just more than $110.7 million for the month, according to revenue reports from the Pennsylvania Gaming Control Board. The total fell just shy of the record $111.6 million set in March, and just above April’s $105.4 million figure.

Online slot revenue was more than $76.7 million in May, and online table games accounted for nearly $31.4 million.

Tax revenue generated from internet gaming during this May was $41.7 million, according to the PGCB.

Poker makes a tiny gain despite first full month with three operators

Pennsylvania online poker had just Mount Airy‘s PokerStars PA for much of its history. Still, even with two more operators during the entire month of May, revenue barely nudged up from $2.4 million in April to $2.6 million in May.

Longtime provider PokerStars PA lost a little ground to the new guys, dropping to just more than $2.2 million in May from $2.3 million in April. But it remains solidly in the revenue lead.

Hollywood Casino Grantville’s BetMGM Poker added $279K to the pot, while Borgata Poker, aligned with Rivers Philadelphia, added just $67K.

The numbers show online poker interest – and revenue – in PA has plateaued, down more than 50% since the robust play the game experienced a year ago when COVID-19 restrictions kept players out of brick-and-mortar casino poker rooms.

Revenue beyond online casino and poker

Sources of all gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests, and VGTs.

The combined total revenue in May 2021 generated from all forms of gaming and fantasy contests was more than $413.1 million.

Total tax revenue before any adjustments was $169.3 million.

PA sports betting dips in May 2021, but surpasses $5B in handle for the fiscal year

PA sports bettors wagered $447.5 million in May, according to figures released by the PGCB. That’s a 6% decrease in handle since April.

But PA sportsbooks reported $37.4 million in revenue, a $1.4 million increase from the previous month. Bets were made largely through online sports betting apps.

April numbers pushed Pennsylvania sportsbooks over the $5 billion mark in wagers in the fiscal year with one month left to go.

PA online casino operator revenue in May 2021

LicenseeOnline Brand(s)Total RevenueSlots RevenueTable Games RevenuePoker Revenue
HollywoodHollywood | DraftKings | BetMGM$43,471,799$27,521,047$15,671,987$278,765
Rivers PhiladelphiaSugarHouse | BetRivers | Borgata$30,704,877$26,773,912$3,863,711$67,254
Valley ForgeFanDuel | Stardust$17,567,289$8,803,243$8,764,046--
Mount AiryPokerStars$8,617,943$4,790,479$1,570,054$2,257,411
ParxParx$5,179,401$4,768,164$411,237--
Mohegan SunUnibet$2,360,658$2,017,391$343,268--
Harrah'sCaesars$2,056,429$1,658,806$397,624--
Presque IsleTwinSpires$989,068$760,907$228,161--
Live PhiladelphiaPlayLive$856,670$809,279$47,391--
Wind CreekWind Creek-$1,034,051-$1,135,972$101,921--
Total$110,770,084$76,767,256$31,399,399$2,603,430

Penn National’s Hollywood still dominates in the online gaming space

Hollywood’s online gaming brands Hollywood CasinoDraftKings Casino, and BetMGM PA Casino, continued to dominate, combining for more than $43.4 million from iGaming. That again makes them the leader among 13 online casinos live during May. In PA, each land-based iGaming license holder can partner with up to three “skins” or online casino brands.

The PA-based company topped slots revenue with $27.5 million, up from $24.4 million the previous month. They also dominated in online table games, grabbing $15.6 million in revenue.

Poker chipped in nearly $279K in its first full month of having BetMGM Poker PA live.

Rivers Philadelphia in the second position

Gross online gaming revenue for Rivers Philadelphia, including SugarHouseBetRivers Casino, and Borgata Poker, crept up to $30.7 million, a smidge above April’s $30.4 million.

For online slots, revenue was nearly $26.8 million and $3.8 million for online table games.

Valley Forge, fueled by FanDuel, in third

Valley Forge Casino and their FanDuel PA Casino skin had gross online gaming revenue of more than $17.5 million, a nice bump up from almost $16 million the previous month.

As in previous months, the revenue was nearly evenly split between online slots and online table games.

Mount Airy fourth

Mount Airy’s PokerStars had total online revenue of $8.6 million, off about $500,00 from April. They still account for the majority of poker revenue, with more than $2.2 million.

Wind Creek reportedly lost more than $1M in online slot play

Live! Philadelphia, the Cordish Companies‘ marquee PA casino, is still lagging in revenue with just $857K for the newest online player, live since last August. Slot revenue was just $809K in April, and table revenue was a tiny $47K, dead last.

But that beat the reported revenue for Wind Creek, which was reportedly negative more than $1 million.

According to PGCB figures, they lost more than $1.1 on their slots. They were on the plus side for table games with $102K. But that still put them in second to last in the tables category.

Lead image via Dreamstime.

Latest Updates On PA Mini-Casinos: One Down, Four To Go

Pennsylvania will eventually be home to five mini-casinos, with only Live! Pittsburgh open so far. Here’s where the other projects stand.

Mini-casinos are the shiny new things in Pennsylvania for retail gambling. But not a new concept.

Plans for satellite casinos have kicked about for three years, ushered in by a gaming expansion plan passed in 2017. But it took another year to even start taking bids.

And then there were bumps and pauses along the way.

Plans for 10 PA mini-casinos, but reality is just five

PA lawmakers intent on adding more revenue initially had dreams of adding 10 sparkly new mini-casino sites.

That didn’t work out as planned. There were fits and starts. Just five satellites is the market reality.

That’s because over the auction process, interest waned among qualified buyers for shelling out millions simply for the rights to buy a license for a second-tier location.

Eventually, five licenses went out. Mt. Airy Casino had a winning bid of $21,888,888.88. They were later denied the license for a lack of financing, and got 75% of the bid back. One last auction for the freed-up license took place last September.

Collectively, bids for mini licenses raised nearly $121.3 million. That figure does not include ongoing fees and eventual income revenue.

But only one mini is open to date, though three will be operating by the end of 2021.

PA State Income From Mini-Casino Auctions

Parent CasinoBid AmountLocation
Hollywood Casino$50,100,000York in York County
Live! Casino Pittsburgh (Stadium Casino LLC)$40,100,005Greensburg in Westmoreland County
Parx Casino$8,111,000Shippensburg in Cumberland County
Hollywood Morgantown$7,500,003Morgantown in Berks County
Bally's Casino$10,000,101Unionville in Centre County
Mount Airy Casino Pittsburgh (license application denied) $21,888,888.88 (Lost $5,472,222.22)Beaver County (Western PA)

The PA mini-casino lineup

Here’s the satellite casino lineup:

  • Live! Casino Pittsburgh opened last November in a suburb of the ‘burgh. It is a mall rehab.
  • Another mini is opening in August. Hollywood York, another mall rehab, opens in a York suburb in August.
  • Hollywood Morgantown should open in November.
  • Bally’s Casino near State College is in the early planning stage and could open in late 2022. It is also a mall rehab. It is the license freed up by Mt. Airy’s stumble. Cordish, Live! Philadelphia Casino’s parent company, lost out in the bidding.
  • Parx Casino Shippensburg is also likely to open in 2022, but earlier than Bally’s with its planning further along. The planned rehab of a stand-alone big box store, a former Lowe’s, is relatively simple.

Next, we look at the details of each.

Live! Casino Pittsburgh

Live! Casino Pittsburgh was the first mini to open, back last November. It opened a few months before the full-sized Live! Casino Philadelphia. Parent Cordish Companies introduced its online product, PlayLive! last August. All have a shared Live! rewards card.

The location was the first to reimagine vacant mall space for gaming.

Investment in the rehab was $150 million.

There are more than 100,000 square feet of gaming, dining and entertainment space, along with 750 slots and approximately 30 table games.

The suburban casino has more than 6,000 parking spaces. Sports bettors have a FanDuel-branded retail sportsbook.

Annual economic impact is projected at $188 million. Annual taxes will likely be about $47.5 million. Live! should provide about 500 permanent new jobs.

Hollywood York

Penn National’s mini at a rehabbed mall space in suburban York is set for an August opening.

A sportsbook, casual dining, bar, entertainment facilities, slots – up to 750 – are allowed, and 24 to 40 table games are planned for the 80,000-square-foot facility, projected initially to cost $120 million before the virus delay.

Penn National, the parent company, had to halt construction, both because of virus restrictions and also due to revenue woes, delaying work there and at a sister mini-site in Morgantown. Work resumed in November 2020.

A Barstool Sportsbook and Bar with “interactive experiences” is planned. Hollywood Casino York will offer mychoice loyalty program, rewarding online play at HollywoodCasino.com, Barstool Sportsbook and online casino, and land-based play at York and other mychoice properties.

Hollywood Morgantown

A brick-and-mortar ground-up casino is coming to the side of the PA Turnpike at the Morgantown exit, likely in November.

Up to 750 slot machines, 30 table games, a betting lounge, a restaurant and food outlets, and an entertainment lounge on a 36-acre lot are planned. The location is about half the way between Philadelphia and Harrisburg.

They partnered early with BetMGM PA for their online sportsbook. Hollywood Casino Granville already has three PA online casino skins its iGaming license.

Bally’s State College and Parx Shippensburg

These two properties, Bally’s State College and Parx Shippensburg, are early in the planning stage.

Shippensburg had a public input hearing on the campus of Shippensburg University on May 20. A vacant Shippensburg Lowe’s is the target location for Parx.

Bally’s has yet to hold a required public hearing.

But they hope casino construction will begin during the first half of 2021 and work should take a year. The casino should have up to 750 slot machines and 30 table games.

Bally’s plans a retail sportsbook as well as a Bally’s online casino and PA online sportsbook.

But details are pending for both locations.

Looking For The Best Military Benefits At Pennsylvania Casinos? Look No Further

If you’re looking for the best military casino benefits at Pennsylvania casinos, we have you covered with our shortlist.

Many businesses in Pennsylvania provide regular benefits for active and retired members of the United States Armed Forces, and Pennsylvania casinos are no exception. Because of the volume of offers available, it can take time to find the absolute best military casino benefits, though.

There’s no need to spend any further time searching. Here at PAOnlineCasino, we’ve done that work for you, creating a shortlist of the top offers for military personnel. Registration for these programs simply requires your military ID. With the search done for you, you can spend your time enjoying the perks!

The best military casino benefits around Pennsylvania

The newest such perk for members of the military at brick-and-mortar casinos in PA comes courtesy of Penn National Gaming. The company, which also makes its headquarters in the Keystone State, has enhanced its mychoice program.

Starting on Armed Forces Day (May 15) 2021, the myheroes program is available for not only active-duty military and veterans but first responders as well. Qualifying visitors to all of PNG’s properties will enjoy special benefits and unique events throughout the year, such as:

  • Ability to designate a family member or friend to share benefits
  • Commemorative pin
  • Dining, hotel, and retail discounts of up to 30%
  • Special players club card
  • Tier upgrade to Advantage

In PA, PNG properties include the Hollywood Casino at Penn National Race Course, Hollywood Gaming at Mahoning Valley, and the Meadows Casino. PNG isn’t the only company to make such benefits available across all of its properties, though.

Claim Your $760 BONUS CASH Today! 

Caesars Rewards Salute card

Both active-duty military and veterans can obtain a Caesars Rewards Salute card at any Caesars property in the country. The program is also open to military spouses as well. In addition to a 10% hotel discount and automatic upgrade to Platinum status, perks include:

  • Complimentary self and valet parking at appropriate locations
  • Early access to tickets for live entertainment
  • One complimentary stay at Atlantis, Paradise Island in The Bahamas
  • Restaurant and retail discounts
  • Special discounts on Norwegian Cruise Line
  • Tier status match with Wyndham Rewards

Harrah’s Philadelphia Casino & Racetrack is a Caesars property where you can enjoy many of these benefits. The last entries on our list focus on a great dining experience while you’re on-site at the casino and a discount for a special day.

Free entrées, wedding discount

This is another promotion that is not only open to active-duty military and veterans but first responders as well. Simply present your appropriate ID when you visit Jack’s Bar + Grill or Mian inside Rivers Casino Philadelphia. When you buy one entrée at regular price, the casino will reward you with another of equal or lesser value for free.

Valley Forge Casino Resort is in on this as well. For all active-duty military or veterans, the resort offers a 15% discount on all wedding packages. To take advantage of the discount, you must mention the offer prior to executing the booking contract and present valid identification.

If you’re going to visit one of these properties anyway, there’s no reason to not enjoy these perks if you qualify. With this information, you know exactly where to go and how to take advantage of the best that PA casinos have to offer military personnel.

Lead image credit: AP Photo/Keith Srakocic

PA iGaming Sites Soar Toward Record $100 Million Revenue In March

A huge spike in slots and table games, led by Penn National and Rivers iGaming brands, spurred a new record for PA online casinos in March.

PA iGaming reached new record highs in March 2021, flirting with $100 million in monthly revenue for the first time ever, according to numbers released by the Pennsylvania Gaming Control Board on Thursday.

Altogether, PA online casinos (online slots and table games) and online poker brought in $97.7 million, besting last month’s revenue of $77.8 million by a whopping 25.6%.

Last month, newly-launched Michigan got the nod for second in online casino revenue, behind New Jersey, but MI and PA were neck and neck.

While it’s not likely that Pennsylvania will surpass NJ in online casino revenue just yet, these numbers may help the Keystone State regain its second-place spot...at least for this month.

Breaking down PA online casino revenue in March 2021

After a strong and steady Dec.-Feb., the only months with revenue above $70 million, March brought all-time highs for slots and table games at Pennsylvania’s now 13 online casinos.

Online slots in March:

  • Total wagers: $1.8 billion
  • Revenue: $66.4 million
  • State tax: $22.6 million
  • County/local tax: $13.3 million

Online table games in March:

  • Total wagers: $1.5 billion
  • Revenue: $28.9 million
  • State tax: $4.0 million
  • County/local tax: $577K

Slot revenue saw a massive 31.3% revenue jump over the previous month, while online tables had a healthy 16.9% increase.

PokerStars PA, still the only online poker operator in the state, took a slight dip from February’s $2.5 million to $2.4 million in March revenue.

PA online casino leaders in March 2021

With relatively recent additions of BetMGM Casino and Borgata Online Casino, the PA iGaming market is zooming toward maturity. In PA, each land-based iGaming license holder can partner with up to three “skins” or online casino brands. As a result, it’s no surprise that Penn National remains a leader in online casino revenue. Penn now has Hollywood Casino, DraftKings Casino, and BetMGM Casino contributing to its online revenue. Those three sites combined for $33.6 million in revenue in March, a 20% increase over Feb.

Rivers Philadelphia is not far behind with its sister brands, BetRivers and PlaySugarHouse. Those two sites brought in $27.1 million in March revenue, representing a huge 50% increase over the previous month. Most of that growth came from slots, which brought in $22.6 million ($15.1 million in February).

The third place operator is Valley Forge Casino. With just one online gaming brand, FanDuel, VF took in $16.4 million in revenue. There is a large drop-off between FanDuel and the next highest revenue earner, Parx.

PA iGaming operator revenue in March 2021

Casino OperatorTotal RevenueSlots RevenueTable Games Revenue
Penn National (DraftKings, Hollywood, BetMGM)$33.6 million$22.2 million$11.4 million
Rivers Philly (SugarHouse & BetRivers)$27.1 million$22.6 million$4.4 million
Valley Forge (FanDuel)$16.4 million$7.1 million$9.3 million
Parx Casino$6.1 million$5.3 million$801,000
Mount Airy (PokerStars & Fox Bet)$4.8 million$2.9 million$1.9 million
Mohegan Sun Pocono (Unibet)$3.4 million$2.9 million$489,000
Harrah's Philly (Caesars)$1.6 million$1.3 million$298,000
Wind Creek Casino$1.4 million$1.4 million-$2,000
Presque Isle Downs (TwinSpires)$499,000$168,000$330,000
Live! Casino Philadelphia (PlayLive!)$426,000$396,000$30,000
Totals:$95.3 million$66.4 million$28.9 million

Lead image via Dreamstime.

PA-Based Penn National Could Become An Industry Leader In Cashless Gaming

Cashless gaming is another way that gambling companies like Pennsylvania’s Penn National are trying to modernize their services.

You’ve possibly used Apple Wallet, Google Pay, or a number of other apps to make purchases in stores using nothing but your smartphone before. That same technology could soon become as commonplace in Pennsylvania casinos, as cashless gaming systems mature.

Cryptocurrencies like Bitcoin are also on the horizon as banking options for gamblers. It’s all an effort by companies like PA-based Penn National Gaming (PNG) to make sure they accept the payment forms consumers prefer to use.

Is cashless gaming coming to PA casinos?

New, electronic payment options seem more a matter of when than if at this point. Last week, PA Gaming Control Board executive director Kevin O’Toole told PlayPennsylvania the agency is working toward providing a regulatory framework for various cashless funding sources.

The use of such payment methods is already available in disparate, sparse places in the US when it comes to gambling. For example, Boyd Gaming has introduced a digital wallet into its rewards program. Patrons at Boyd properties in Nevada, Indiana, and Ohio have access to “BoydPay.”

For gamblers unfamiliar with the concept of a digital wallet, it’s essentially an electronic version of your bank card. The payment tool is an app on your smartphone, which has the payment details stored. Soon, any business that doesn’t accept this kind of payment will become obsolete.

Why cashless systems are popular

There are three benefits to both payees and payors in this system. First, it provides an added layer of protection for customers’ financial details, as the system doesn’t actually use the 16 digits on your bank card.

Secondly, it reduces contact between employees and guests in a couple of ways. There is less physical currency that changes hands and customers never have to touch processing equipment as they would in the process of swiping a bank card.

Third, it allows companies like Penn National a way to seamlessly integrate customer loyalty programs. Research shows consumers are starting to expect such offerings. It’s a natural marketing tool, as well.

How close are PA gambling companies like Penn to implementing acceptance of this type at their brick-and-mortar facilities? PNG is working on the answer to that question.

PNG properties could see program soon

Eric Schippers, PNG’s senior vice president for government relations and public affairs, signaled that this effort is getting the company’s foremost attention.

“We recently launched our MyChoice loyalty program mobile app,” Schippers explained. “Which will provide us with an environmentally friendly and more efficient way to communicate, interact, and engage with our guests. The 35 to 54 age group is currently the most engaged audience with the app, which is very encouraging as this group represents a growing segment of our different business channels.”

When retailers like grocers have been accepting cashless payments for years, why has it taken so long for the gambling industry to catch up? Concerns about responsible gambling have slowed rollout. However, it’s all about perspective.

How cashless systems actually benefit responsible gambling efforts

The primary hesitation about giving gambling operators the green light to use cashless systems is responsible gambling. Put simply, the fear is that with no physical currency leaving gamblers’ wallets, more of them will struggle to stick to their budgets.

That’s more of a lack of an understanding of the technology than a legitimate concern, though. The fact is that cashless systems give gamblers who prefer to play in-person rather than online some of the same protections that online gamblers enjoy.

For instance, users of PNG’s MyChoice app could use the app to set custom spending and time limits. The app can also provide them with real-time statements of their gambling activity, including how much money and time they’ve spent.

Awareness is a key safeguard against developing a compulsive gambling issue. Gambling companies are also becoming more aware of cryptocurrencies.

Kicking the tires on Bitcoin

Right now, acceptance of cryptocurrencies is something that gambling companies are keeping at arms’ length. They are making sure to keep it within their sights, though.

IGT, which provides gaming software to a number of US companies, has a patent on cryptocurrency acceptance in its digital wallet system. While it does not have any partners currently employing that option, it could only be a matter of time.

The unregulated nature of the currency that makes it attractive to many consumers could be an exact hindrance in the gambling industry. Cashless gaming systems are in their infancy. For that reason, it’s likely regulators will want to stick to federally-regulated bank cards for the time being.

PNG seems on board with that idea as well. When it does start accepting digital wallet payments, it will likely restrict the options to debit cards.

In the near future, playing a slot at The Meadows may only require you to wave your phone in front of the machine. PNG wants to be among the first to make that option available not only in PA but across the nation.

Lead image credit: AP Photo/Wayne Parry

February Revenue: Online Casinos Save The PA Gaming Bacon With Another $70M-Plus Month

Overall PA gaming revenue was steady year-over-year in February thanks to some huge gains in online casinos and sports betting.

According to state figures, the combined total revenue generated from all forms of gaming and fantasy contests during February was almost $302 million, a decline of less than 1% compared to a year ago.

January revenue, by contrast, was more than $311 million.

PA online casino revenue in February was above $70 million for the third month straight.

The release of the gaming revenue figures came exactly one year since the virus pandemic led to orders to shutter all Pennsylvania casinos for what was then an indefinite period, setting off a rippling shockwave that is still being felt.

The virus’s effects began several weeks before the ordered state shutdown and likely had some influence on last February revenue numbers.

Michigan sprints past PA in revenue

Despite a record for per-day revenue of $2.8 million for all online games in February, Pennsylvania is now just the third-largest online casino market in the U.S.

Newly launched Michigan is in second place, and New Jersey remains first.

Looking back a year, PA statewide revenue was down by just .78%, from $304.4 million in 2020 to nearly $302 million this February.

Total online gambling revenue in February was nearly $77.8 million.

Online slots accounted for nearly $50.9 million. Table games brought in nearly $24.7 million in revenue and poker revenue in February was just above $2.5 million.

Total tax revenue generated collectively through all forms of gaming, including video gaming terminals and fantasy contests, was nearly $122.9 million during February.

Revenue online rocketed, retail hung on

Over the past year, retail slots were down by nearly 27% to $145.8 million, and retail table games revenue fell off by nearly 25.9%.

But PA online casino games saved the gaming revenue bacon.

Online slot revenue jumped more than 425% in 12 months. And online table games climbed 207.5%.

While down from record revenues, online poker was still up YoY in February by almost 37.7%, with more than $2.5 million in revenue.

Sports betting revenue from all sources was up more than 246.9% over last year, with combined revenue of more than $16.4 million. Total handle was $509.5 million, PA’s fourth best month.

An uneven experience year-over-year

The bounce-back from the worst of the COVID-19 pandemic appears extremely uneven at the casino properties.

Double-digit decreases in revenue percentages during this February versus a year ago were the norm for most casinos, but several properties defied the trend.

Two – Hollywood and Valley Forge – posted amazing numbers.

Hollywood Casino at Penn National was up just over an astounding 82% at almost $41.9 million, largely due to online. Online accounted for nearly $28 million at Hollywood. The online slot revenue was nearly $17.7 million. Online table games were more than $10.3 million.

The other gainers were:

  • Valley Forge Casino Resort up more than 66.4% with more than $31.5 million.
  • Mount Airy Casino up more than 3.9%,  up to nearly $19.5 million this February.

Revenue percentage losers outnumbered winners

The biggest loser year-over-year was Rivers Pittsburgh, down nearly 38%, with revenue of nearly $21.5 million, compared to $34.6 million a year ago.

The other percentage losers were:

  • Parx at 18.8% down.
  • Rivers Casino Philadelphia at nearly 6% off.
  • Wind Creek Bethlehem off more than 29.3%.
  • Mohegan Sun Pocono down 25.6%.
  • Harrah’s Philadelphia off more than 32%.
  • The Meadows Casino down more than 26%.
  • Presque Isle Downs and Casino off more than 27.6%.

February PA online casino breakdown by operator

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

Casino OperatorTotal RevenueSlots RevenueTable Games Revenue
Penn National (DraftKings, Hollywood, BetMGM)$28.0 million$17.6 million$10.3 million
Rivers Philly (SugarHouse & BetRivers)$18.0 million$15.1 million$2.8 million
Valley Forge (FanDuel)$15.5 million$6.7 million$8.9 million
Mt. Airy (PokerStars & Fox Bet)$4.7 million$3.3 million$1.4 million
Parx Casino$4.0 million$3.5 million$475,000
Mohegan Sun Pocono (Unibet)$2.1 million$1.9 million$204,000
Harrah's Philly (Caesars)$1.4 million$1.1 million$242,000
Wind Creek Casino$656,000$718,000($62,000)
Presque Isle Downs (Twinspires)$518,000$200,000$319,000
Live! Casino Philadelphia (PlayLive!)$397,000$370,000$27,000
Totals:$75.3 million$50.6 million$24.7 million

Casino operators by the numbers

The clear front-runners in PA’s online casino race are Penn National (which includes DraftKings, Hollywood, and BetMGM), Rivers Philadelphia (which includes SugarHouseBetRivers, and the brand new Borgata Casino), and Valley Forge, with FanDuel.

A look at top PA online casino operators in February:

  • Penn: Total revenue $28 million (slots: $17.6 million; table games: $10.3 million).
  • Rivers Philly: Total revenue $18 million (slots: $15.1 million; tables: $2.8 million).
  • Valley Forge: Total revenue $15.5 million (slots: $16.7 million; tables: $8.9 million).

Lead image via Dreamstime.

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.

Penn National Strikes A Deal With Barstool Sports For Sportsbook, Casino Products

In a somewhat surprising move, Penn National Gaming bought a large stake of Barstool Sports, with plans to use the brand for online sportsbook and casino.

Penn National Gaming (Penn), based in Pennsylvania, recently closed a deal with digital sports media brand Barstool Sports.

According to the company’s press release, Penn agreed to the valuation of Barstool at $450 million. The casino operator will shell out $163 million for a 36% stake in Barstool.

In another three years, another $62 million will increase the stake to 50%. Once that transaction is complete, Penn National will be the controlling owner.

Penn to use Barstool branding with major growth potential

Penn has come far from its humble roots as a racetrack in South Central, PA. It plans to use the Barstool brand for the online sportsbook and online table games. The already established Hollywood Casino app will remain as the brand for online slots.

Jay Snowden, Penn National Gaming president and CEO, plans to use the Barstool Sports audience to ascend and capture a large share of the PA online gambling market. He says:

“With its leading digital content, well-known brand and deep roots in sports betting, Barstool Sports is the ideal partner for Penn National and will enable us to attract a new, younger demographic, which will nicely complement our existing customer database. In addition, with 66 million monthly unique visitors, we believe the significant reach of Barstool Sports and loyalty of its audience will lead to meaningful reductions in customer acquisition and promotional costs for our sports betting and online products, significantly enhancing profitability and driving value for our shareholders.”

Penn’s focus on national growth is nothing new. The company is not just a Keystone State operator, but has planted flags in 18 other US states.

Legalized sports betting states among them include:

  • Illinois 
  • Indiana 
  • Iowa
  • Michigan 
  • Mississippi 
  • Nevada 
  • Pennsylvania

Controversy surrounding Barstool

Barstool has certainly enjoyed a meteoric rise since its humble beginnings. According to Forbes, the company, founded by Dave Portnoy, started out by handing out free black-and-white gambling tip sheets at subway stations throughout Greater Boston. It has now grown into a media behemoth and is certainly enjoying even greater success with the Penn deal.

In 2016, the Chernin Group purchased Barstool for around $10-$15 million. Then the Chernin Group increased Barstool’s popularity despite the cancellation of its high-profile ESPN show.

On one hand, Barstool is known for a vulgar, misogynistic culture with a founder who has unapologetically degraded women, passing it off as humor. On the other hand, its audience is still growing thanks to its popular sports and comedy material.

Taking the good with the bad

Its content successfully caters to the young male demographic, which translates well into Penn’s growth plan. Penn’s stock soared after the partnership announcement was made.

However, Barstool is shunned and will likely always be shunned by certain organizations because of its reputation. For example, Barstool was escorted out of NFL Opening Night and was unwelcome during the Super Bowl.

But that’s not to say the deal won’t turn out favorably for Penn in terms of new customer acquisition.

It could also be good for Kambi, according to Legal Sports Report. Headquartered in Philadelphia, Kambi will be the technology platform provider for Penn’s online sportsbook.

Claim Your $760 BONUS CASH Today!