PA Sportsbooks’ Income Rises in July Regardless of Deal with Dropping Once more

PA sportsbooks July 2022

Pennsylvania sportsbooks continued their summer season slumber in July. Sportbooks took $336.5 million in bets within the gradual sports activities month of July. Identical to in 2021, deal with has dropped from April to July. Nevertheless, income elevated in July to $33.2 million (a forty five% MoM bounce). It was good month the sportsbooks (and never for bettors) because the maintain (9.9%) was up from the 5.8% win price final month.

Pennsylvania on-line on line casino and poker websites stayed sturdy and picked up $123.2 million in gross income.

The Pennsylvania Gaming Management Board reported that income for all types of playing the state reached $429 million through the month of July, a 1.2% enhance from final 12 months’s quantity. The Pennsylvania playing business is coming off a record-breaking fiscal 12 months the place income handed $5 billion for the primary time ever.

July 2022 numbers for Pennsylvania sports activities betting

Figures from the Pennsylvania Gaming Management Board:

  • Deal with: $336.5 million (14.4% MoM lower)
  • Income: $33.2 million/adjusted gross income (taxable): $25.4 million
  • Maintain: 9.9% (up from 5.8%)
  • % of bets positioned on-line: 93%
  • Promotional credit: $7.7 million
  • July sports activities betting taxes: $8.6 million to the state and $508,890 to native entities.
  • High sports activities betting app by deal with: FanDuel Sportsbook with $124.9 million
  • High sports activities betting app by income: FanDuel Sportsbook ($14.9 million)

PA sports activities betting deal with & income by operator July 2022

Licensee On-line Model(s) Deal with Income Maintain Taxes
Valley Forge FanDuel $125,911,263 $15,008,452 11.9% $4,386,097
Hollywood Meadows DraftKings $76,743,375 $5,288,483 6.9% $1,646,637
Hollywood Morgantown BetMGM $42,366,381 $3,839,226 9.1% $488,978
Hollywood Penn Nationwide Barstool $21,256,091 $2,087,148 9.8% $574,662
Rivers Pittsburgh BetRivers $17,115,127 $1,635,543 9.6% $462,937
Rivers Philadelphia PlaySugarHouse $12,129,095 $1,281,514 10.6% $418,443
Parx Parx $9,829,676 $1,059,757 10.8% $312,080
Hollywood York PointsBet $8,361,475 $837,337 10.0% $163,463
Mount Ethereal Fox Guess $5,181,318 $345,278 6.7% $96,710
Reside Philadelphia Betway $5,138,890 $487,926 9.5% $175,653
Mohegan Solar Pocono Unibet $4,471,902 $388,572 8.7% $87,081
Harrah’s Philadelphia Caesars $2,477,516 $238,222 9.6% $85,760
Presque Isle TwinSpires $1,931,053 $230,851 12.0% $82,633
Wind Creek Wind Creek $1,031,784 $152,600 14.8% $54,466
South Philadelphia Race & Sportsbook $1,025,439 $129,449 12.6% $46,602
Downs at Lehigh Valley $841,239 $129,336 15.4% $46,561
Reside Pittsburgh $509,547 $36,277 7.1% $13,060
Parx Malvern $186,761 $50,547 27.1% $18,197
Complete $336,507,932 $33,226,517 9.9% $9.160,020

July 2022 numbers for on-line casinos and poker in PA

  • On-line slots income: $96.5 million
  • On-line desk video games income: $23.9 million
  • Poker income: $2.7 million

PA on-line on line casino income by operator in July 2022

Licensee Complete Income Slots Tables Poker Promos Taxes
Hollywood Penn Nationwide $49,419,587 $37,818,948 $11,325,297 $275,341 $10,834,272 $14,537,359
Rivers Philadelphia $31,918,733 $28,804,491 $3,006,028 $108,214 $7,200,041 $10,651,764
Valley Forge $18,635,608 $11,538,832 $7,096,775 $0 $1,180,145 $6,004,067
Mount Ethereal $6,232,151 $3,614,543 $980,181 $1,637,427 $1,747,651 $1,293,578
Parx $5,397,543 $4,755,213 $642,330 $0 $1,281,992 $1,735,187
Harrah’s Philadelphia $3,499,870 $2,413,519 $342,210 $744,141 $342,951 $1,142,650
Reside Philadelphia $3,232,098 $2,961,165 $270,932 $0 $832,506 $1,043,819
Wind Creek $2,435,533 $2,277,335 $158,198 $0 $847,456 $697,355
Mohegan Solar Pocono $1,732,888 $1,720,238 -$37,349 $0 $373,635 $650,427
Presque Isle Downs $709,928 $598,347 $111,581 $0 $2,539 $297,883
Complete $123,213,939 $96,552,632 $23,896,183 $2,765,124 $24,643,189 $38,054,089

Wind Creek breaks file for desk video games

Wind Creek On line casino broke a Pennsylvania file for desk video games income. The Betlehem on line casino introduced in $23.6 million in desk video games income in July. It represents an almost 42% YoY enhance. A spokesperson for the PGCB confirmed to PlayPennsylvania that it was a state file for desk recreation income for the Commonwealth. Final month, Wind Creek reported $18.2 million in desk recreation income.

Fast takeaways from PA sports activities betting and on line casino figures

  • Neighboring New Jersey additionally skilled an analogous July. New jersey sportsbooks took $531.9 million in bets throughout July, a 16% MoM lower. Income for NJ sportsbooks, elevated 17% to $45 million.
  • FanDuel continues its dominance in Pennsylvania. In July, FanDuel took 40% of all wagers positioned on-line. The subsequent closest competitor for market share? DraftKings who took about 24% of all bets positioned on-line in PA.
  • Not like sportsbooks that are topic to seasonality and the lingering influence of COVID on the sports activities calendar, PA on-line casinos have established a powerful rhythm. On-line on line casino income in June was $123.2 million, down from $126 million in June. Penn Nationwide’s manufacturers (Hollywood, DraftKings, BetMGM, Barstool) are the market leaders in PA
  • In an interview earlier this month with On line casino Replace, Chief advertising officer Marc Oppenheimer famous that they don’t seem to be dropping guests however enterprise is down for slots.

“The spend-per-trip, particularly for sure segments, is down considerably, and that’s the place the loss in income is coming. Individuals should have discretionary earnings and discretionary time for us to do effectively and proper now they don’t have discretionary earnings.”

Parx led all PA casinos with $33.6 million in slot income. Nevertheless it was a 12.6% YoY decline.

Lead picture Derik Hamilton/AP

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