May 20, 2020

Pennsylvania’s online gaming revenue surges in April

Pennsylvania’s online gaming revenue surges in April

Pennsylvania—The state’s online gambling revenue almost doubled in April, and because all casinos were forced to close during the month, the vertical made up for 93.4% of the state’s gambling revenue for the month.

Total revenue suddenly went down to $46.1 million—an 83.8% year-on-year decline, with table games and land-based slots revenue completely demolished by the shutdown enforced on March 17. Last year slots and land-based casino venues contributed to roughly $200.4 million to the state total, with an additional $77.4 million generated from table games.

Online gaming, which was only launched in July 2019, made up for $43.1 million of the total. This represented a 77.5% increase in the iGaming revenue of $24.3 million on March.

For April 2020, iGaming revenue increased due to online slots, for which revenue doubled up to $27.3 million, a 121.2% month-on-month increase. In addition, table games reported growth as well, although not as much at 19.4% at $10.5 million.

Poker, which is only available by The Stars Group—through its partnership with Mount Airy Casino—made up for another $5.3 million, up by 67.7%.

Rush Street’s Rivers Casino Philadelphia took the lead in the market for April, with revenue up by 102.8% at $13.7 million. It was then followed by Mount Airy, for more than 50% of its $10.4 million revenue came from online poker.

Valley Forge and partner FanDuel saw an increase in its online casino revenue by 59.7% to $7.9 million. Penn National’s Hollywood Casino, on the other hand, reported a 67.0% month-on-month growth, taking it above Parx into fourth place.

April also included the first contribution from DraftKings’ and Caesars Entertainment’s online casino offerings. The Caesars offering, which was released on April 23 under the Harrah’s Philadelphia license, made around $231, 464.

DraftKings’ product began its test launch on April 29 under the Penn National license. This was done prior to its official roll-out early in May. The operator was able to make around $29.416 in those two days of live testing.

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