Online Casino Gambling revenue is continuing to defy all odds in PA and topped $50 million again for the third straight month and was up 8.6% on the June numbers. According to the results submitted to the Pennsylvania Gaming Control Board (PGCB) by the operators in the Keystone State, the state has made a heady recovery in the first month of restart of most gambling operations, but again it is the online casino sector that is doing best.
With the economic effects of the global pandemic still rampaging across the nation, a lot of the brick-and-mortar casino revenue took a tumble in Q2 2020, but it has also now recovered to pre-pandemic levels, and now even posting some improved results in July.
Online Casinos Starring in Pennsylvania
Online Casinos in the Keystone State of Pennsylvania generated gross revenue of $54.4 million in July 2020. Looking at the numbers in comparison to the previous months of May and June 2020 when online casino revenue was $55.8 million and $50.1 million respectively, July’s $54.4 million was a handy result, particularly considering that online casinos had to compete with the return of professional sports for the gaming dollar for the last 8 days of July.
Taking a longer-term perspective at the impressive growth in PA online casino numbers, 12 months ago, there were only three online wagering options available in the Keystone State and monthly revenue was a mere $812 000. More immediately beforehand, the best revenue report in Pennsylvania pre-pandemic closures came in at $19.5 million, just one-third of the numbers for the last three full months.
Online Slots and casino table games produced $51.4 million in revenue, with $23 million going directly into the Keystone State’s consolidated revenue state. Just over $3 million in online gambling revenue for July 2020 came from online poker.
What’s more, it was the third consecutive month that total wagers for online slots amassed more than $1 billion in Pennsylvania.
Slot revenue in July totalled a reported $39.4 million, up a stunning $3 million from June. Online Casino table games revenue increased by $2 million up to a healthy $11.9 million.
Total play (online slots and table games combined) in July rallied and increased by $160 million from the previous month of June, however, fell short of the $17.5 million reported by the PGCB for the May 2020 result.
How the PA Online Casino Operators Fared in July 2020
Rivers continued its impressive results from the last few months with PA’s top online casino licensee reporting $15,549,938 in combined revenue from its two casinos, PlaySugarHouse and BetRivers. Rounding out the Top 3 online casinos in PA in July 2020 were;
- Hollywood Casino at Penn National – $10,752,504 in July 2020 up from $129,386 in July 2019
- Par Casino – $7,428,752 in July 2020, a huge increase on the $260,125 in July 2019.
Looking at the overall picture in the State of Pennsylvania considering the closure of land-based casinos due to the pandemic and it makes for compelling reading.
In a year-on-year comparison with July 2019, the total land-based casino and online casino revenue in Pennsylvania was up 0.56% from $281.5 million reported in July 2019 to $283.1 million this year.
While who knows how the gaming industry maybe affected in the fall and winter (given the pandemic continues), however, Pennsylvania has shown that more having gambling options available presents more opportunities for economic recovery.