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Pennsylvania Online Gambling Generates $3.4 Million in AugustPublished September 23, 2019 by Elana K
According to the Pennsylvania Gaming Control Board, Pennsylvania online gambling generated $3.4 million in August.
August 2019 was the first full month of Pennsylvania online gambling, and its revenue has already exceeded expectations. According to the Pennsylvania Gaming Control Board, online gambling generated $3.4 million in August.
And that’s only from three online casino operators; Hollywood Csaino, Parx Casino, and SugarHouse. Sugarhouse dominated the scene with 48% of the market and $1.6 million in revenue. Parx also surpassed the $1 million mark, bringing in $1.1 million, while Hollywood came in third and last with approximately $684,000.
What’s on Offer in PA
As of now, the Pennsylvania online gambling landscape includes online slots and table games. Online poker has not yet gone live, and both daily fantasy sports and sports betting, while both legal, are not included in the tally for online gambling revenue.
Slots are the most popular category at this point, accounting for 74% of gross revenue and 68% of revenue post-taxes.
Sports betting, unsurprisingly, is doing unbelievable in the Keystone State. Its revenue nearly doubled that of online gambling in August with $6.3 million. Not only is it nearly double that of online gambling, but it’s also double the revenue generated from land-based sportsbooks. DFS is also showing solid numbers, with $1.4 million in net revenue in August.
Plenty of Room for Growth
While Pennsylvania is off to a nice start, it’s still one-tenth of the size of New Jersey’s online gambling market, to put things in perspective. However, New Jersey’s market has been active for six years, while Pennsylvania only just started. Plus, Pennsylvania has nearly 4 million more people than New Jersey, and online poker hasn’t even launched - in short, the potential is there for it to become an online gambling powerhouse.