Gambling in the USA

Pennsylvania Online Casino Revenue Sees Drop in Early Q1 Results

Published

2 years ago

April 26, 2021

Pennsylvania Online Casino Revenue Sees Drop in Early Q1 Results

Reading Time: 4 minutes

2020 was a challenging year for the gambling industry due to the impact of the coronavirus pandemic. Gambling revenue in Pennsylvania dropped by 20%. The PA gambling industry has been trying to resurface after the 2020 dip.

January

The Pennsylvania online gambling market began 2021 on the right footing with a new monthly record of $80.4 million in revenue recorded in January. That marked seven consecutive months of high revenue records.

The monthly revenue witnessed in January was an 11% increase from the $71.6 million recorded in December 2020. The numbers are even crazier when compared to January 2020, when the PA online gambling industry generated under $14 million in revenue.

The collective total revenue collected from all forms of gambling in PA, including fantasy contests, witnessed a 2.73% increase in January, hitting $311.1 million. Online slots were the major contributor to the PA gambling revenue with $51million. That was a 609% upsurge compared to January 2020. Online table games followed with $26.7 million in revenue, a 479% increase. Online poker was third with $2.7 million, a 26.35% increase.

Revenue wise, the top performer in January was Penn National Gaming’s Hollywood Casino which managed to collect $44.6 million in revenue. Valley Forge Casino bagged $38 million, and Rush Street Interactive followed closely with about $36.9 million collected in January.

February

Following the strong start of the PA iGaming industry, even the best Pennsylvania online casinos, as listed at online-casinos.com, witnessed a slight drop in revenue in the month of February. The drop was entirely due to the impact of the covid-19 pandemic.

According to the Pennsylvania Gaming Control Board, gambling revenue collected across the state in the month of February amounted to $301.9 million, which was a $2.36 million (1%) decreased compared to February 2020.

Revenue from Online Table games and slots dropped by 26% and 27%, respectively. That translates to $20 million less in table game revenues and $53.8 million less in online slots revenue when compared to February 2020.

Every online casino in the state witnessed a drop in slots revenues in February. Only one casino in the entire state, Mount Airy Casino Resort, recorded an increase in online table games revenue by $286,610 in comparison to last year.

Meadows Racetrack and Casino saw a $5.9 million decrease in slots revenue and a $1.1 million dip in table game revenue. Rivers Casino saw a greater impact of $10.1 million in lost revenue for slots and $2.9 million losses in table games revenue. Lady Luck Casino Nemacolin also witnessed a decline, recording $65,570 less in-table game revenues and $1.3 million less in slots revenue.

Most of the impacts felt by land-based casinos were offset by the covid-19 prevention measure of social distancing, leading to low casino traffic. This has, however, resulted in growing popularity in iGaming, sports betting, and video gaming terminals.

March

iGaming poker revenue in PA dropped by 23% to $2.4 million in March. Of the five months where year-over-year comparisons were possible, March was the first to witness a decline. However, the dip does not come as a surprise. It’s now lapping one month of an increase in interest in online gambling following the impacts of covid-19 infections reported in Pennsylvania. In March 2020, online poker revenues surged by over 70% to $3.1 million.

Other verticals did not have an issue going up against the rough annual comparatives. As a matter of fact, online casino revenue exploded in March to $95.3 million – double the revenue collected in March 2020. Online slot machines recorded $66million in revenue, while online table games saw a growth of $20 million from $8.8 million in March last year to $28.8 million this year.

Online sports betting revenue is also showing a strong return. As of March, it was at $37.7 million, up by $7.5 million from February and about five-fold compared to March 2020. Online bookmakers contributed 92% of the total revenue collected from the sportsbook market.

The Revival of Online Gambling Revenue

With most players stuck at home; the popularity of online casinos has surged significantly. Statistics show that online slots revenue increased by $40.9 million, online poker by over $689,700, and online table games revenue surged by $16.6 million in the month of March. Revenues collected from video Big list of game genres gaming terminals increased by $1.17 million compared to last year.

According to the Pennsylvania Gaming Control Board, sports betting revenue grew by $11.6 million compared to last year. Out of the total $16.3 million collected in sports wagering revenue, $13.4 million came from online bets and only $2.9 million was generated in land-based sportsbooks. Rivers Pittsburg and Meadows saw a $57,380 and $2 million increase in sports betting revenue, respectively.

Despite the growth in online iGaming revenue, local casinos in the state witnessed an overall decrease in revenues in the first quarter of 2021 compared to the same period last year. Rivers Pittsburgh recorded a $13 million drop, Meadows a $5 million decrease in revenues, and Lady Luck Nemacolin a $1.4 million drop.

After being forced to close their doors twice last year in response to covid-19, casinos in the state have been trying to recoup. Collectively, casinos in PA saw a drop of $759 million Fgp Games in 2020 when compared to revenue collected in 2019.

PA Gambling Market Analysis

One key trend in the Pennsylvania iGaming market is that table games are gradually outpacing slots. Revenue collected from table games exceeds that collected from slot machines in both online and land-based casinos. Monthly revenue growth has been favoring table games since July 2020.

January 2021 was not exceptional. Gamblers in PA wagered $1.55 billion at table games and $1.4 billion on slot machines. Table games contributed 34% of the total casino revenue, and their contribution surged 17.9% compared to slots’ 10.3%.

At Rivers Pittsburgh, table game revenue increased by 30.8% in January 2021 while slots grew by 3.7%. Slots are taxed almost triple the rate of taxing other gambling verticals in PA. The high taxes levied on slots revenue is one of the factors underlying this trend.

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Gambling in the USA

Gaming Americas Weekly Roundup – September 18-24

Published

1 day ago

September 26, 2023

Niji Narayan

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

SB22 has introduced Lucky22, a first-of-its-kind wager placement streamlining system that is fully integrated into its proprietary K22 self-service gaming kiosk. The patent-pending Lucky22 button provides the player with a set of simple, tailored wagering offers, which can adjust the bet and amount wagered based on how much the player wants to win.

Twenty-Nine Palms Band of Mission Indians, a Native American Tribe in Southern California, has standardised its growing business and government operations on Oracle Fusion Cloud Applications Suite to support its mission of being a self-sustaining, independent Tribe.

Several points in Shawnee, Okla., are shining brighter now that JCM Global has installed numerous outdoor digital signs for the Citizen Potawatomi Nation. The Citizen Potawatomi Nation Monument now glows with a 10mm Mitsubishi NXL Series measuring 9.5 feet wide x 5 feet high and enables the Tribe to dynamically communicate messages to members and visitors.

In an effort to combat illegal gaming activities, Michigan Gaming Control Board Executive Director Henry Williams recently met with Flint Mayor Sheldon Neeley and State Rep. Cynthia Neeley (D-Flint) to discuss strategies to help deter and crack down on illegal gaming operations in the city.

Win Systems is going to attend G2E Las Vegas, to be held October 10–12 at the Venetian Expo. The company will be at the same booth as last year, #4447, where visitors will be able to see and learn first-hand about all the latest innovations designed to optimise casino operations and player experience.

edX, a leading global online learning platform from 2U Inc., and global technology leader HP Inc. announced a new online Professional Certificate programme in Esports Management, Game Design, and Programming to bring cutting-edge skills to learners globally.

CT Gaming has officially announced its attendance at G2E 2023, taking place in Las Vegas from 10-12 October. The Expo is recognised across the industry as a crucible of innovation and business opportunities, where CT Gaming will be presenting a blend of its legacy products and new developments at stand 2050.

INTELITY announced that it will exhibit at the 2023 Global Gaming Expo from October 9–12 at The Venetian Expo in Las Vegas, Nevada. During G2E 2023, INTELITY will highlight the latest updates to its cloud-based Platform R5, as well as its newly updated API capabilities, both used by dozens of casinos around the world.

Partnerships

SharpLink Gaming announced that SaharaBets will be the first U.S. sports betting operator to begin integration of SharpLink’s innovative new C4 BetSense technology into its online betting platform.

CT Interactive has signed a distribution deal with Vivelo24. Through this agreement, the Mexican players will get the chance to experience the amazing products of the leading online provider CT Interactive.

Playtech has announced its continued partnership with betPARX. Under this collaboration, betPARX has integrated Playtech’s industry-leading IMS platform and native mobile applications to power its launch in Maryland.

With the grand opening of The Queen Baton Rouge, the first land-based casino in the city, The Queen Casino & Entertainment has successfully launched Konami Gaming’s SYNKROS casino management system.

Gambling in the USA

Gaming Americas Weekly Roundup – September 11-17

Published

1 week ago

September 19, 2023

Niji Narayan

Reading Time: 2 minutes

Latest News

Potawatomi Hotel & Casino has opened the second phase of its $190m renovation project with two new gaming areas; ElevenHundred and the Atrium, offering more slots, table games, new bars and new restaurants.

Tipico Sportsbook has launched a new digital marketing campaign for the NFL and college football season. Named “Bet Against Your Rival,” this initiative engages NFL fans in Colorado, Ohio and New Jersey, where Tipico operates. The eligible customers in these states will receive weekly bet credits, allowing them to bet against their home team’s historic rivals.

Rush Street Interactive’s BetRivers and PlaySugarHouse platforms have introduced the Prop Central offering to coincide with the start of the NFL season. The product presents multiple player prop wagering options in one location, allowing bettors to navigate through the range of markets with fewer clicks.

Caesars Entertainment, in partnership with Keeneland and Red Mile Gaming & Racing, celebrated the grand opening of Caesars Sportsbook at Red Mile. The more than 4600-square-foot sportsbook in Lexington is the only retail sportsbook in Central Kentucky.

Yaamava’ Resort & Casino at San Manuel has been named the winner in two categories in the 2023 USA Today 10Best Readers’ Choice Awards. First for the Best Casino Outside of Las Vegas, ranked No. 1 among fans nationwide; and Yaamava’s fine dining restaurant, The Pines Modern Steakhouse, was also voted the “Best Casino Restaurant” this year.

Mohegan INSPIRE has appointed Chen Si as its President and Wade Howk as its chief operating officer. As President, Chen Si will guide strategic planning and operational results at Mohegan INSPIRE. As COO, Wade Howk will serve as the second in command at the property and assist the President, Chen Si, in carrying out his duties.

Betfred USA has appointed Kresimir Spajic as its new CEO. He will spearhead the sportsbook’s vision, strategy and operational execution across ten US states, which include the likes of Colorado, Ohio and Nevada.

Partnerships

Table Trac Inc. announced it has signed an agreement to replace a competitor’s system with the CasinoTrac casino management system, for the Red Cliff Band of Lake Superior at Legendary Waters Resort and Casino, in Bayfield, Wisconsin.

Braight AI has formed a strategic partnership with Amazon Web Services (AWS) in Mexico. The collaboration marks a significant milestone for Braight as it extends its international reach and harnesses the power of AWS cloud services to equip financial institutions in Mexico to make informed data-driven decisions, mitigate risks and optimise their marketing strategies.

Quick Custom Intelligence (QCI), a leading enterprise solutions provider, announced an extension of their partnership with Black Oak Casino & Resort. Building on the success of the QCI Enterprise Platform, Black Oak will now incorporate the QCI Power Pack and Events modules to elevate guest satisfaction and bolster profitability.

Genius Sports Limited has struck a new partnership with Snap Inc. to power immersive augmented reality (AR) fan experiences via Snapchat Lenses. Genius Sports will help to power the next wave of Snapchat Lenses through NFL Official League Data, providing millions of fans with phone-based, highly shareable content.

Gambling in the USA

Gaming Americas Weekly Roundup – September 4-10

Published

2 weeks ago

September 12, 2023

Niji Narayan

Reading Time: 2 minutes

Latest News

MGM Resorts International and BetMGM announced that they are launching a responsible gaming campaign at nine National Football League (NFL) stadiums, promoting their responsible gaming programme GameSense during this football season. With this development, MGM Resorts and BetMGM are among the first gaming operators to promote responsible gaming through marketing within League venues.

Mobile sports betting is coming to Kentucky, and Caesars Entertainment announced that its flagship sports wagering app, Caesars Sportsbook, is now available for download and registration. Sports fans who want to prepare for the launch of mobile sports wagering can download the Caesars Sportsbook app on iOS and Android or visit caesars.com/sportsbook on desktop to register and take advantage of a special early deposit offer when depositing between September 7 and 27.

Pragmatic Play has launched a localised Roulette table for operators in Brazil. Creating its first Brazilian Portuguese-language version of its leading Live Casino product, the new release includes Pragmatic Play’s signature high-quality studio, boasting a 4K immersive view which Brazilian operators will now benefit from.

BetMGM announced that Buffalo, a land-based casino favourite, is now available at its online casino. BetMGM is the world’s first online casino to offer the Buffalo slot. Buffalo now is available to play at BetMGM in New Jersey and the operator plans to launch the game in the near future in Pennsylvania and Michigan.

SharpLink Gaming announced the successful launch of LeagueSafe’s new, highly rated mobile app, with over 16,000 downloads by fantasy sports players since the app’s debut in Google Play and the Apple App Store in early August.

Betr Holdings announced it has officially launched its real money sportsbook product in Virginia, its third real money online sports betting (OSB) state following Ohio and Massachusetts. The Betr Fantasy & Sportsbook app is available on the iOS store and the Betr – Microbetting app is available on the Google Play store.

Century Casinos announced that it completed the sale of the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta (collectively, the Century Canadian Portfolio) to subsidiaries of VICI Properties Inc. for an aggregate purchase price of CAD 221.7 million (USD 162.4 million) in cash.

Gaming Laboratories International is now the first laboratory accredited in the State of Paraná and the first laboratory to be accredited following a formal laboratory accreditation process in Brazil. The milestone achievement builds on GLI’s 25 years of service to the gaming industry throughout Latin America and the Caribbean.

Partnerships

Bravery Gaming and Konami Gaming announced a groundbreaking partnership that will revolutionise the Coin Operated Amusement Machine (COAM) landscape in Georgia. Konami has chosen Bravery Gaming to be the exclusive distributor of its games in regulated non-casino markets, beginning with the state of Georgia.

SCCG Management announced a strategic partnership with the innovative sports league, Pillow Fight Championship (PFC). This collaboration aims to elevate PFC’s global stature, leveraging SCCG’s extensive experience with sports leagues and teams across North America.