Pennsylvania sets $5.04bn gambling revenue record in FY21-22 – Land-based casino

US

Pennsylvania set a new gambling revenue record for the 2021-22 fiscal year, generating a total of $ 5.04 billion (£ 4.19 billion / € 4.92 billion) over a 12-month period.

Revenues were 29.5% higher than the $ 3.87 billion reported in 20-21, which happened to be the state’s record total.

Land gambling generated the highest percentage of revenues of the year, with retail slot revenues up 27.7% to $ 2.41 billion and table game revenues up 40.7% to $ 1.02 billion.

Sports betting revenue was up 2.2% to $ 315.8 million, but the Pennsylvania Gaming Control Board (PGCB) did not disclose a breakdown of online and retail revenue in this market sector and also disclosed handle details. Is not …

Valley Forge, along with partner FanDuel, earned $ 160.1 million in the sports betting sector, far ahead of the $ 52.5 million Meadows Bar Stool Sportsbook Hollywood Casino, Pennation and DraftKings’ $ 23.8 million Hollywood Casino. It exceeds.

Looking at igaming, revenue reached $ 1.23 billion, an increase of 37.4% over the previous year. PGCB did not provide a complete breakdown of this market, but revealed that Penn National’s Hollywood Casino is leading the sector with revenue of $ 481.4 million.

Rivers Casino Philadelphia was second in the igaming sector with revenue of $ 319.2 billion, and Valley Forge Casino Resort had annual revenue of $ 221.8 million.

PGCB also saw its fiscal year video gaming revenues increase 32.7% to $ 41.6 million, while fantasy contest revenues fell 3.1% to $ 27.3 million, down year-over-year in the Pennsylvania market. It became the only area that was done.

Meanwhile, PGCB also announced results for the final month of 2021-22, with total market revenues in June increasing 0.24% from $ 388.9 million last year to $ 13.0 from $ 447.8 million in May 2022. It decreased by% to reach $ 389.8 million.

The main source of revenue for the month was retail slots, where revenue was $ 193 million, up 5.5% year-on-year. However, land-based table revenues fell 1.9% to $ 76.1 million.

Sports betting revenue was down 62.7% to $ 12.8 million, online revenue was $ 11.4 million and retail revenue was $ 1.3 million. PGCB also said the lunar handle was $ 393.5 million, down 6.4% year-on-year.

Valley Forge and Funduel have a total stake of $ 15820, with Meadows and Barstool’s Hollywood Casino at $ 88.6 million to $ 1.9 million and Penn National and Draft Kings’ Hollywood Casino at $ 24.2 million from a handle of $ 1.1 million. Leading the market with $ 5.4 million of $ 10,000. ..

In terms of gaming, revenue increased 15.8% to $ 102.9 million, online slot revenue was $ 72.3 million, internet table games revenue was $ 28 million, and online poker revenue was $ 2.6 million. ..

Penn National’s Hollywood Casino topped the list with $ 42.0 million in revenue, ahead of the $ 25.5 million Rivers Casino Philadelphia and the $ 18.4 million Valley Forge Casino Resort.

In other regions, video gaming device revenue was up 6.2% year-on-year to $ 3.5 million, while fantasy sports contest revenue was down 20.4% to $ 1.5 million.

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