Noticias de ultima
  • 12.00 EGT’s high-potential novelties to fascinate operators and players at Belgrade Future Gaming 2025
  • 12.00 SBC Summit Malta: Payments Innovation Track to Shape the Future of Transactions
  • 12.00 Roland Garros: the National Gaming Authority relaunches its prevention campaign for Sports betting and addiction risks
  • 12.00 Wynn Resorts pays $5.5M fine related to illegal transactions
  • 12.00 Gambling Commission Supports OSR’s Review of the Gambling Survey for Great Britain
  • 12.00 Blackstone launches Clarion sale as markets stabilise, sources say
  • 12.00 ProntoPaga impacts SBC Summit Americas with technology that redefines payments in Latin America
  • 12.00 CT Interactive goes live on Starcasino.be
  • 12.00 Amusnet Introduces Extra Crown Classic Dice, Bringing Royalty to Dice Slots
  • 12.00 The Spotlight Expands for Ortak x B.F.T.H. Arena Awards 2025
Casino

Pennsylvania casino revenues return to pre-pandemic levels, but online gambling soars

Tuesday 18 de August 2020 / 08:11

2 minutos de lectura

(Pennsylvania).- Pennsylvania casinos reported that revenue returned to pre-pandemic levels in July, but the numbers also show how dramatically legal gambling has shifted from brick-and-mortar casinos to the internet in the era of COVID-19.

Pennsylvania casino revenues return to pre-pandemic levels, but online gambling soars

The Pennsylvania Gaming Control Board on Monday reported total gaming revenue of $283 million in July, up from $281.5 million a year ago, a 0.5% year-on-year increase that would be nothing to crow about during normal times. But it is remarkable because July was the first time since the coronavirus lockdown that most casinos were operating.

A significant amount of business has shifted from casinos to online platforms in the last year. Online slots, table games and poker generated $54.4 million in July. Along with online sports betting, internet gaming generated $61.2 million in revenue in July, or nearly 22 percent of all casino gaming revenue.

Internet gaming generated less than $4 million statewide a year ago in July, just two months after Rivers Casino Philadelphia, then called the SugarHouse Casino, was the first casino in Pennsylvania to launch I-gaming. The timing of I-gaming’s launch was auspicious because online platforms provided the only gaming revenue for casinos during several months of lockdown.

The boom in online gambling offset substantial year-on-year declines in retail betting, as some customers remained at home even after most casinos reopened in June. Retail slots revenue, which accounts for more revenue than all other types of games combined, was down 17% from a year ago. Revenue from casino-based table games was down 32% from a year ago.

Online slots play has quadrupled since February, but growth seems to be slowing now that the casinos have reopened, said Max Bichsel, vice president of U.S. business for Gambling.com Group.

“While online casino activity approached an all-time high in July with $54 million in revenue, growth for that sector of gaming in Pennsylvania seems to be flattening after a big surge during lockdown,” Bichsel said in a statement.

Sports betting, which was in its infancy when the coronavirus shut down most professional and collegiate competition, was up 22% from June as major-league baseball and the NBA resumed games in late July. But it is still not up to pre-pandemic levels. About 84% of sports-betting revenue was generated online.

Among the state’s 12 operating casinos, there were winners and losers.

Parx Casino in Bensalem generated $59.9 million in revenue, up 14.4% from a year ago — it was one of only three casinos to report increases in retail slots revenue. Total revenue at Parx was more than double the next closest Pennsylvania casino, the Wind Creek Bethlehem, where revenue was off 38% from last year. The Bethlehem casino launched I-gaming only on July 24, so it has missed out on the online gaming boom.

Rivers Casino Philadelphia, which did not reopen until July 17 following four months of coronavirus lockdown, experienced big declines in retail slots and table games revenue since it was open only half the month. But the Philadelphia casino was the statewide leader in internet casino-type gaming revenue, pulling in $15.5 million in revenue, making up for much of its decline in retail business.

Valley Forge Casino Resort, acquired in 2018 by Boyd Gaming of Nevada, reported a 57.7% increase in revenue over last year, largely because of its successful association with FanDuel for online sports wagering and casino games.
Online gaming has become so alluring that the state’s 13th casino, the Live! Casino & Hotel Philadelphia, announced on Monday that it has already launched its internet gaming platform, even though the physical casino is still under construction in South Philadelphia and will not open until 2021. The new gaming application can be accessed at www.playlive.com.

Categoría:Casino

Tags: Sin tags

País: United States

Event

SBC Summit Americas 2025

13 de May 2025

ProntoPaga impacts SBC Summit Americas with technology that redefines payments in Latin America

(Fort Lauderdale).- In just three years, ProntoPaga went from being a promising post-pandemic idea to becoming a benchmark in the Latin American digital payments ecosystem. With exponential growth of 700% year-over-year, the company has transformed the way payments operate in dynamic industries such as iGaming, sports betting, and the Fintech world.

Friday 23 May 2025 / 12:00

GMW Revolutionizes SBC Summit Americas: Innovation, Gamification, and Player Protection

(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, GMW reaffirms its commitment to strategic innovation, combining performance, adaptability, and compliance. Marga Fernández, Head of iGaming Business Development, highlights how the company integrates gamification and player protection to generate unique and sustainable experiences. Discover how these trends are redefining the future of gaming in emerging markets.

Friday 23 May 2025 / 12:00

Uplatform Glowed at SBC Summit Americas 2025

(Cyprus).- Uplatform brought serious sparkle and substance to SBC Summit Americas 2025 in Fort Lauderdale, lighting up Stand C470 with a dynamic mix of business and fun from May 13–15.

Thursday 22 May 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST