Connect with us
SOFTSWISS

Gambling in the USA

Pennsylvania Online Casino Revenue Sees Drop in Early Q1 Results

Published

on

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.

 

Gambling in the USA

Gaming Americas Weekly Roundup – April 22-28

Published

on

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

The International Association of Gaming Advisors (IAGA) will hold its 41st International Gaming Summit Monday, May 27 through Thursday, May 30, 2024 at The Ritz-Carlton Washington, D.C. As a premier event that brings together leaders from all global gaming sectors, the Summit will provide operators, suppliers, attorneys, investors, bankers, regulators and other advisor delegates with an unparalleled opportunity to meet and discuss the most important issues facing gaming.

Marker Trax, a leader in cashless payment solutions for the gambling industry, has announced the appointment of John Henderson as its SVP of operations. Henderson is a seasoned, energetic industry veteran who brings to Marker Trax more than four decades of success in delivering technology-based business solutions, leading innovation-forward companies seeking to increase their industry footprints and to solidify their market shares.

Jackpot Digital, a leading manufacturer of electronic multiplayer dealerless poker tables, announced that it has successfully completed the installation of its Jackpot Blitz casino machines at Chukchansi Gold Resort & Casino, located in Coarsegold, California.

Affinity Interactive has announced the appointment of Scott Butera as President & Chief Executive Officer, effective immediately. Mr. Butera, who most recently led AI’s Sports Information Group (SIG) business, brings over 30 years of experience in gaming, hospitality, media, entertainment and sports to the pivotal role. In his new capacity, Mr. Butera will set strategy and oversee operations of the Company’s diversified portfolio of casinos resorts across Nevada, Missouri and Iowa.

North Star Network has acquired Um Dois Esportes, a sports coverage and analysis site created from the merger of Gazeta Do Povo and Tribuna do Paraná in 2020. NSN’s signing of Um Dois Esportes is the media house’s fourth acquisition of 2024, following the recent deals to purchase UK-based SportsMole and MrFixitsTips, as well as Chilean site AlAireLibre, which was announced in March.

Hollywood Casino at Greektown unveiled its new ESPN BET branded sportsbook and restaurant on the upper floor of the 100,000-square-foot Downtown Detroit casino. This sportsbook is the first ESPN BET branded retail location to open across PENN Entertainment’s (PENN) portfolio of properties.

Partnerships

Above the Felt, the leading poker and gaming marketing and talent agency, has announced a partnership with Potawatomi Casino Hotel in Milwaukee, Wisconsin for the grand opening of their state-of-the-art poker room this May. This collaboration marks a significant experiential poker event in the Mid-West US, bringing together top players, personalities and content creators with regional players for an unforgettable poker room grand opening.

SCCG Management, a leading advisory firm in the global gaming industry, has announced a strategic partnership with Comm100, a pioneer in AI-powered omnichannel communication. This collaboration signifies a pivotal moment in the gaming industry as it looks to revolutionise player engagement and customer support through personalised, 24/7 communication.

Betano and CBF (Confederação Brasileira de Futebol), the Brazilian Football Confederation, announced a new partnership that will see Betano become the new main sponsor and exclusive betting partner of Campeonato Brasileiro Série A. Starting from the 2024 season, which began on Sunday, April 14, the competition will be known as Brasileirão Betano.

Continue Reading

Gambling in the USA

Nebraska’s First Permanent Casino to Open in May in Columbus

Published

on

Reading Time: 2 minutes

 

Nebraska’s first full-fledged, newly built and state-sanctioned gambling casino is slated to open in Columbus next month, marking a milestone in the state’s rollout of casino gambling.

The Nebraska Racing and Gaming Commission last Friday approved a target opening date of May 13 for Harrah’s Columbus.

“This is a big deal,” commission Chairman Dennis Lee said.

The state’s three other casinos are open, but in temporary facilities. According to construction schedules, all should be open by early next year.

“We’re definitely excited to open the first permanent casino in the state,” said Don Ostert, Harrah’s Columbus general manager.

The 17,000-square-foot casino floor will feature 400 slot machines and 11 live table games, including roulette and craps, Ostert said. It will feature a Brew Brothers restaurant and will offer Caesar’s sportsbook and racebook, Ostert said.

For racing fans, the complex will feature the state’s only 1-mile horse track, though racing isn’t scheduled to begin until August 16. By June, officials hope to have some horses out on the track to test the new surface.

Ostert said officials hope to draw customers from Norfolk and Grand Island, but also from Omaha and Lincoln.

Columbus Mayor James Bulkley said that, from the city’s standpoint, “we are very excited to see it get started and become part of the community.”

The developers incorporated some Columbus history into the casino, he said.

“The location where it is used to be called Wishbones, and it was a venue for years for entertainment, and so people recognize that name, and they have kept that name for the sports bar,” he said.

He expects the casino will draw from Omaha. Although driving to Columbus from downtown Omaha might take close to an hour and a half, the drive from west Omaha is more like an hour, he said.

“I can hit Elkhorn in a short hour today, which is now western Omaha,” he said.

In a few months, Omahans won’t have to leave town to visit a brand-new casino.

At Horsemen’s Park in Omaha, Warhorse Gaming officials are aiming to open their new casino in early August. It will open with 900 gaming positions, including table games and a Sweetwater Cafe.

Continue Reading

Gambling in the USA

Gaming Americas Weekly Roundup – April 15-21

Published

on

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

Caesars Entertainment announced that the Caesars Sportsbook Mississippi app is accepting mobile sports bets at Harrah’s Gulf Coast in Biloxi, Mississippi. Sports fans 21 and older who are interested in wagering on sports via mobile devices can download the Caesars Sportsbook Mississippi app to register and deposit statewide but must be physically present on-property at Harrah’s Gulf Coast to wager.

The Office of Lottery and Gaming (OLG) has announced that FanDuel’s sports betting app and website has officially launched. This development will introduce FanDuel’s sports wagering platform to District residents and visitors, completely replacing the current GambetDC sports betting app and website.

eCOGRA has been officially authorised by the Secretaria De Prêmios e Apostas (SPA) to operate as a certifying entity for betting systems, live gaming studios and online games in Brazil. This announcement marks a significant milestone as eCOGRA continues to extend its international offering of iGaming testing, inspection and certification (TIC) services in regulated markets across the globe.

Jennifer Shatley, a recognised expert in the field and a highly sought speaker and advisor, has joined the Responsible Online Gaming Association (ROGA) as Executive Director. Shatley has had 25+ years worth of experience, working closely with the treatment community, academics, researchers, government bodies, state councils and gaming industry representatives to promote responsible gaming.

Odditt, a leading provider of innovative sports betting data, tools and analytics, has appointed Elaine Milardo as its new Chief Technology Officer (CTO). With over 25 years of experience in the data industry and key roles at DraftKings and Vistaprint, Elaine brings a wealth of expertise to Odditt’s growing team.

Partnerships

Trustly, the global leader in Open Banking Payments, and Light & Wonder, the leading cross-platform global games company, are bringing cashless, in-person deposits to casino floors with Light & Wonder’s cashless solution, RAPIDPLAY. Building on Trustly’s success with guaranteed payments in online sports betting and iGaming, Trustly will deliver the same seamless, quick and secure online payment experience to the physical casino floor.

Fintech company Sightline has entered into an exclusive partnership with compliance and anti-fraud technology solutions leader GeoComply to bolster the security and efficiency of digital transactions within the regulated gaming industry. Sightline will integrate GeoComply’s cutting-edge IDComply identity verification solution as well as GeoComply’s compliance-grade geolocation tools across its comprehensive suite of digital payment solutions for land-based casinos and online gaming operators.

BetMGM has announced a partnership with GameCode, a distinguished iGaming company focused on the North American market. The partnership includes the launch of Boom Boom Boom, HammerCash, Gold Gold Gold and Super3 series which are now live at BetMGM in Michigan and New Jersey through direct integration. BetMGM plans to offer GameCode’s full portfolio of games in all jurisdictions where the operator’s iGaming platform is live pending regulatory approvals.

SCCG Management has announced a joint venture investment with Numb3rs, an innovative all-in-one payment solution provider built for gaming operators. The partnership aims to transform the gaming sector by integrating Numb3rs’ proprietary tech stack, ECRYPT, into the marketplace, thereby offering a comprehensive suite of payment processing solutions.

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

SaaS-builder for partner program development and performance marketing optimization

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement

LEADING AFFILIATE MARKETING SHOW

Trending (Top 7)

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.