Pennsylvania Gets Record-Breaking Gaming Revenue In November

The gaming industry in the American state of Pennsylvania had a great month in November 2021, reporting record-breaking revenue figures of 432.5 million dollars. The state also set a new record for sports betting revenue.

The new record revenue represents an increase of 52.1 percent compared to the same month of 2020, when the reported revenue was 284.3 million dollars. The increase in revenue is even greater compared to September 2020, when the Pennsylvania gaming industry produced 55.9 million dollars.

The biggest contributor to the revenue total in November 2021 was Hollywood Casino at Penn National, a venue which generated 60.1 million dollars. Valley Forge Casino Resort was in second place with 57.1 million dollars, while Parx Casino generated 56.3 million dollars in revenue.

Live! Casino Philadelphia recorded the biggest revenue increase in the state’s gaming industry, increasing its revenue no less than 6140.1 percent compared to November 2020, to 18.4 million dollars.

The most popular form of gaming in the state was represented by land-based slots, which generated revenue of 185.5 million dollars, a 43.2 increase year-on-year. Land-based table games added another 82.9 million dollars to the state’s gaming revenue, while sports betting generated 63.7 million dollars, an increase of 70.5 percent compared to the previous year.

The online casinos operating in the state of Pennsylvania also did very well in November 2021, generating revenue of 93.9 million dollars, which represents an increase of 57.1 percent compared to the same month of 2020.

The biggest chunk of that revenue came from online slots, which generated 63.5 million dollars. Online table games were also quite popular, with revenue of 27.7 million dollars.

Hollywood Casino at Penn National, which operates a DraftKings-branded product alongside its own gaming website, was in pole position again, with revenue of 37.4 million dollars. Parx Casino also did well on this front with revenue of 31.6 million dollars, 14.7 percent more than in 2020, while Wind Creek Bethlehem recorded revenue of 22.6 million dollars.

As for sports betting, the statewide handle for the month of November 2021 amounted to an impressive 761.6 million dollars, an increase of 55 percent compared to the same month of the previous year. Sports betting revenue for the month was 63.7 million dollars, a record high and an increase of 70 percent year-on-year.

SOURCE: “Pennsylvania breaks gaming revenue record in November as betting spikes”. iGaming Business. January 4, 2022.