Figures launched on Monday by the Pennsylvania Gaming Management Board have been only a small appetizer forward of the primary course which for sportsbooks is the NFL. Pennsylvania sportsbooks dealt with $363 million in bets in August, a $30 million enhance from July. Income in August was $42.1 million (a 27% MoM bounce). PA sportsbooks’ maintain for August was 11.6%. That additionally meant one other good month for sportsbooks since July’s maintain was 9.9%.
It was one other large month for Pennsylvania on-line casinos as they reached $131.7 million in gross income.
PA playing regulators reported that income for all types of playing within the state hit $425.4 million in August, a 4.24% enhance from final 12 months.
August 2022 numbers for Pennsylvania sports activities betting
Figures from the Pennsylvania Gaming Management Board:
- Deal with: $363 million (7.8% MoM enhance)
- Income: $42.1 million/adjusted gross income (taxable): $8.2 million
- Maintain: 11.6% (up from 9.9%)
- P.c of bets positioned on-line: 91.7%
- Promotional credit: $8.2 million
- August sports activities betting taxes: $11.5 million to the state and $679,066 to native entities.
- Prime sports activities betting app by deal with: FanDuel Sportsbook with $130.8 million
- Prime sports activities betting app by income: FanDuel Sportsbook ($16.9 million)
PA sports activities betting deal with & income by operator August 2022
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $132,134,266 | $17,201,569 | 13.0% | $4,903,233 |
| Hollywood Meadows | DraftKings | $91,717,403 | $10,599,382 | 11.6% | $3,291,617 |
| Hollywood Morgantown | BetMGM | $39,294,581 | $3,887,315 | 9.9% | $930,650 |
| Hollywood Penn Nationwide | Barstool | $24,002,897 | $2,345,939 | 9.8% | $633,199 |
| Rivers Pittsburgh | BetRivers | $20,019,999 | $1,806,615 | 9.0% | $529,455 |
| Rivers Philadelphia | PlaySugarHouse | $12,943,334 | $879,937 | 6.8% | $280,668 |
| Parx | Parx | $10,730,014 | $1,296,634 | 12.1% | $392,175 |
| Hollywood York | PointsBet | $7,104,420 | $933,080 | 13.1% | $178,024 |
| Mount Ethereal | Fox Guess | $5,797,774 | $805,390 | 13.9% | $262,098 |
| Mohegan Solar Pocono | Unibet | $4,964,805 | $422,200 | 8.5% | $100,858 |
| Dwell Philadelphia | Betway | $4,827,702 | $778,291 | 16.1% | $280,185 |
| Harrah’s Philadelphia | Caesars | $2,886,886 | $308,382 | 10.7% | $110,544 |
| Presque Isle | TwinSpires | $2,068,079 | $229,137 | 11.1% | $82,012 |
| South Philadelphia Race & Sportsbook | $1,366,222 | $198,024 | 14.5% | $71,289 | |
| Wind Creek | Wind Creek | $1,121,940 | $210,167 | 18.7% | $75,271 |
| Downs at Lehigh Valley | $1,025,309 | $89,967 | 8.8% | $32,388 | |
| Dwell Pittsburgh | $780,693 | $159,454 | 20.4% | $57,403 | |
| Parx Shippensburg | $260,650 | $33,661 | 12.9% | $12,118 | |
| Whole | $363,046,972 | $42,185,145 | 11.6% | $12,223,188 |
August 2022 numbers for on-line casinos and poker in PA
- On-line slots income: $100.2 million
- On-line desk video games income: $28.7 million
- Poker income: $2.3 million
PA on-line on line casino income by operator in August 2022
| Licensee | Whole Income | Slots | Tables | Poker | Promos | Taxes |
|---|---|---|---|---|---|---|
| Hollywood Penn Nationwide | $52,207,411 | $38,216,567 | $13,764,170 | $226,674 | $10,177,308 | $15,414,407 |
| Rivers Philadelphia | $31,788,600 | $28,606,781 | $3,119,219 | $62,509 | $6,305,060 | $10,989,847 |
| Valley Forge | $19,513,978 | $11,631,533 | $7,882,445 | $0 | $1,112,826 | $6,204,984 |
| Mount Ethereal | $5,687,649 | $3,246,639 | $821,833 | $1,619,177 | $1,504,518 | $1,204,081 |
| Parx | $5,340,270 | $4,723,054 | $617,216 | $0 | $2,420,383 | $1,181,010 |
| Harrah’s Philadelphia | $3,656,193 | $2,173,454 | $790,722 | $692,016 | $390,026 | $1,061,484 |
| Dwell Philadelphia | $3,309,546 | $2,922,637 | $386,909 | $0 | $431,069 | $1,232,943 |
| Mohegan Solar Pocono | $2,588,905 | $2,174,877 | $414,029 | $0 | $344,176 | $926,674 |
| Wind Creek | $1,955,767 | $1,862,624 | $93,143 | $0 | $722,832 | $550,605 |
| Presque Isle Downs | $288,783 | $134,568 | $154,215 | $0 | $5,164 | $85,494 |
| Whole | $126,337,102 | $95,692,825 | $28,043,900 | $28,043,900 | $23,413,631 | $38,851,530 |
Fast evaluation from August PA sports activities betting and on line casino figures
Sports activities betting
- New Jersey launched its figures on Friday and the state’s sportsbooks dealt with $546.8 million (a 2.8% enhance from July). PA’s MoM deal with enhance was 7.8%. Income for NJ sportsbooks hit $65.3 million, a forty five% leap from final month and beating PA’s MoM for income. New Jersey and Pennsylvania sportsbooks have been very comparable by way of maintain. New Jersey sportsbooks’ win (maintain) was 11.9% and PA sportsbooks was 11.6%.
- FanDuel continues to keep up about 40% of the net sports activities betting market share in Pennsylvania. The sportsbook persistently takes about 38-42% of all bets positioned on-line in PA regardless of elevated competitors.
- September and the NFL season already shaping as much as be massive. It’s no shock or a scorching take that the NFL is primary course for sportsbooks. After Week 1, GeoComply which sportsbooks use to confirm the place bets are positioned, launched information that confirmed it was an “unbelievable begin.” Pennsylvania’s complete variety of geolocation checks leapt 29.7% to fifteen.3 million YoY. In line with the information from GeoComply, Pennsylvania was second in authorized US sport betting markets to solely New York for geolocation checks.
Casinos
- In an interview earlier final month with On line casino Replace, Parx Chief advertising and marketing officer Marc Oppenheimer stated visitation charges are good, however enterprise is down for slots. The August numbers confirmed a 10.7% YoY lower in slot income for Parx. However Parx nonetheless remained the highest PA on line casino for slot income in August.
- On-line casinos began arriving in Pennsylvania in the summertime of 2019. There are actually 18 on-line casinos in PA and plenty of of them have a deep library of slots, desk video games, video poker and the favored dwell supplier. In August, PA on-line casinos had their fourth-best month ever, reaching $131.7 million in gross income. It was a couple of 6.6% MoM enhance which reveals that iGaming in PA nonetheless has room to develop.
- Final month, Wind Creek On line casino broke a Pennsylvania report for desk video games income with $23.6 million (42% YoY enhance). What would it not do for an encore? In August, Wind Creek eked out Parx and led the state for desk video games income with $17.7 million. Nevertheless, it was a 6.2 YoY lower.
Lead picture by Katie Kohler
