Pennsylvania casinos start to see gains as 2021 gets underway
By Bob Garcia
January brings welcome relief to Pennsylvania’s casinos as revenue starts to rebound
It looks to be a very good and strong year for Pennsylvania casinos as facilities work to recoup revenues lost to the coronavirus pandemic. As per the Pennsylvania Gaming Control Board (PGCB), last month, all the casinos together generated around $311 million in gambling revenues, which is around 3% more than the $302.8 million in revenue achieved in the same month a year ago.
In comparison to January 2020, online gambling saw some of the largest increases, after having slot machine revenues growing by $43.8 million and table games revenues going up by $22 million. In addition, sports wagering revenues also increased, $11 million to be specific, only adding to the industry’s success since it was legalized in November 2018.
Despite the improvement, retail in-person slot machine and table game revenue continued to decrease last month. Compared to January 2020, slot machines revenues decreased by $49.5 million, while table games decreased by $21.7 million, according to the report. Local casinos have been very affected, such as the case of Rivers Casino, which saw a 37% decrease, down from $34.5 million in January 2020 to $21.6 million in revenues generated last month, and this has been the case for many others.
Casinos across the state closed last spring because of COVID-19 before reopening at various intervals in the summer. Later, they were forced to close in December once again and, but the time the year ended, Pennsylvania’s gambling houses had lost $759 million compared to the prior year.