iGaming and sports betting push PA revenue up in August

17 September 2020

The Pennsylvania Gaming Control Board (PGCB) has reported a 5.8% year-on-year increase in revenue in August, driven by igaming and sports betting growth.

Overall gambling revenue in August amounted to $310.4m (£239.6m/€263.6m), up from $293.4m in the same month last year and 9.6% higher than in July this year, despite the state still having to contend with certain measures and restrictions linked to the novel coronavirus (Covid-19) pandemic.

Pennsylvania’s online gambling market witnessed significant growth during the month, with revenue here rocketing 1,544.1% from just $3.4m in August 2019 – the first full month of activity – to $55.9m, a new monthly record for the state.

Online slots were the main source of income for licensed operators, with revenue amounting to $39.6m afters players wagered more than $1.06bn during the month.

Internet-based tables games generated $13.6m in revenue from $812.4m in bets. Online poker, however, performed poorly after growing under lockdown. Revenue for the vertical only reached $2,729, with just one operator – Mount Airy Casino Resort, and its partner PokerStars – offering this form of gambling.

Read the full story on iGB North America.