Pennsylvania casinos continue to break revenue records

Pennsylvania casinos continue to break revenue records

The Keystone State’s casinos are having a banner year as they recover from COVID-19

While many may have thought that Pennsylvania casinos’ record-breaking July earnings would be virtually impossible to beat, October came along to prove them wrong. In July, Pennsylvania’s gaming industry reported revenues totaling $423.7 million, a figure never seen before. However, that record was subsequently overshadowed a few months later, when October reported a new record of $425.9 million in gross gaming revenue (GGR).

In addition to breaking an impressive record, other important data was also recorded in different areas of the industry. For example, iGaming revenues seem to be growing more and more, with revenues of $102.9 million, divided into $70.7 million from online slots and $32.2 million from interactive tables. On the other hand, on-site table games also made a great contribution, with a total of $89 million. And finally, there was also a contribution from fantasy sports and video gambling terminals (VGTs), adding $3.7 million and $3.3 million, respectively.

In March of this year, GGR surpassed $400 million in a month for the first time. October now stands to become the fourth consecutive month of over $400 million in monthly revenues. Many experts and analysts believe that this upward trend is due to the huge exposure that the iGaming industry is starting to get. While this area has been around for some time now, the arrival of COVID-19 made its popularity grow even more, as many gamblers now have the ease of spending an entertaining moment simply using a smart device. It looks like the post-pandemic era is going pretty well for Keystone State casinos.

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