PA On-line Casinos, Sportsbooks See Finest Month But in January 2022
Pennsylvania’s gaming business ended final 12 months on a excessive notice and carried that momentum proper into 2022, beginning the 12 months off with information in each sports activities betting and iGaming.
In 2021, Pennsylvania’s business gaming business set a brand new report for the state and ranked second solely to Nevada with $4.83 billion in gross gaming income (GGR), in accordance with a latest report from the American Gaming Affiliation.
That was a 79.2% improve over 2020 and up 41.6% from 2019. New Jersey was not far behind with $4.74 billion in GGR final 12 months.
In January, PA sportsbooks took a report of $793.7 million in bets in an NFL-packed month, good for $53.4 million in income. On-line casinos and poker websites generated a report $130.0 million in income, besting the earlier excessive of $127.6 million from the earlier month.
All PA gaming verticals totaled for $393.1 million in January income, a 26% improve over January 2021, in accordance with figures launched by the PGCB on Friday.
PA iGaming income by operator in January 2022
| Licensee | Complete Income | Slots | Tables | Poker | Promos | State/Native Taxes |
|---|---|---|---|---|---|---|
| Hollywood Penn Nationwide | $51,243,158 | $35,446,103 | $15,538,708 | $258,348 | $10,039,635 | $16,241,383 |
| Rivers Philadelphia | $33,538,309 | $29,667,067 | $3,784,200 | $87,042 | $6,122,590 | $13,331,145 |
| Valley Forge | $20,981,100 | $11,236,650 | $9,744,449 | $0 | $496,539 | $7,358,772 |
| Mount Ethereal | $7,490,245 | $3,774,006 | $1,478,229 | $2,238,011 | $1,645,612 | $1,742,202 |
| Parx | $4,174,506 | $3,703,651 | $470,855 | $0 | $983,687 | $1,544,117 |
| Harrah’s Philadelphia | $3,832,400 | $2,510,963 | $514,745 | $806,692 | $923,056 | $1,061,392 |
| Reside Philadelphia | $3,477,831 | $2,687,223 | $790,609 | $0 | $664,637 | $1,218,694 |
| Mohegan Solar Pocono | $2,284,725 | $1,850,299 | $434,426 | $0 | $352,854 | $878,129 |
| Presque Isle | $1,555,138 | $1,277,512 | $277,626 | $0 | $112,633 | $673,455 |
| Wind Creek | $1,415,620 | $1,364,963 | $50,657 | $0 | $341,148 | $560,965 |
| Complete | $129,993,032 | $93,518,436 | $33,084,504 | $3,390,093 | $21,682,391 | $44,610,254 |
For a full rundown of PA sports activities betting and on-line on line casino income, see our full month-to-month income press launch.
Wanting on the Pennsylvania gaming income image to kick of 2022, listed here are three key takeaways from January.
PA on-line casinos keep purple sizzling, set to interrupt extra information
It could be winter within the northeast, however Pennsylvania on-line casinos proceed their sizzling streak. January marks the eleventh straight month that this vertical has produced over $100 million in gross gaming income. The consequence has meant huge bucks for the Keystone State.
After bringing in $466.4 million in state and native taxes in 2021, final month added one other $44.6 million. That places PA iGaming on observe to set new GGR and tax income information for the state once more in 2022.
Prime canine stay and proceed to outspend the competitors
The highest three PA iGaming operators (accounting for 9 of 17 on-line skins) mixed for 81.3% of market share, leaving the underside seven to struggle for lower than 1 / 4.
This continues a protracted development of Penn Nationwide and Rivers Philadelphia sustaining the No. 1 and No. 2 positions. With extra websites underneath their licenses, together with among the greatest manufacturers out there, it’s no shock these two proceed to dominate. However they’re additionally gifting away essentially the most in promos, that are deducted from GGR earlier than taxes are utilized.
Highest promotional spend amongst PA on-line casinos in January 2022:
Penn Nationwide and Rivers on-line on line casino skins led the way in which in promo spend, by a big margin. Penn’s 4 manufacturers handed out $10.0 million and Rivers’ three manufacturers gave away $6.1 million in January promos.
Third was Mount Ethereal ($1.6 million) with PokerStars on line casino and poker website. The third-highest income producer, Valley Forge, was seventh in promo spend with $497,000.
| Operator | Manufacturers | Promo Spend (Jan. 2022) |
|---|---|---|
| Penn Nationwide | Hollywood, DraftKings, BetMGM, Barstool | $10.0 million |
| Rivers Philadelphia | BetRivers, Borgata, SugarHouse | $6.1 million |
| Mount Ethereal | PokerStars | $1.6 million |
| Parx | Parx | $984,000 |
| Harrah’s Philadelphia | Caesars | $923,000 |
| Reside! Philadelphia | PlayLive, Betway | $665,000 |
| Valley Forge | FanDuel, Stardust | $497,000 |
| Mohegan Solar Pocono | Unibet | $353,000 |
| Wind Creek | Wind Creek | $341,000 |
| Presque Isle | TwinSpires | $113,000 |
Brick-and-mortar and on-line on line casino synergy continues
The PA gaming business set new information on each main entrance in 2021. As on-line casinos flourished, so too did the land-based playing scene, helped alongside by the addition of Reside! Philadelphia and two Penn Nationwide mini-casinos – Hollywood York and Hollywood Morgantown.
In the meantime, sports activities betting has made a gentle climb in deal with and in addition had its greatest 12 months but.
All advised, Pennsylvania reaped in $1.93 billion in gaming tax income in 2021 (in comparison with $1.10 billion in 2020).
- iGaming: $466.4 million
- Sports activities betting: $122.5 million
The remaining $1.34 billion in gaming tax income got here principally from land-based casinos, which posted a state report $4.83 billion in GGR final 12 months. (It additionally contains tax income from day by day fantasy sports activities and video gaming terminals, each minor contributors to the general gaming tax image.)
In January, the PGCB reported complete gaming income of $393.1 million for a tax take of $157.5 million, on observe to not less than match the 2021 report for PA.
Lead picture through Shutterstock.
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