The Pennsylvania Gaming Management Board launched figures on Thursday that confirmed Pennsylvania breaking information in sports activities betting and on-line on line casino handles.
With all 4 main sports activities in motion, Pennsylvania sportsbooks set an all-time report for deal with with a complete of $797.1 million within the month of October, a $151.9 million improve from September, and a 2.7% improve from final 12 months. Income in October was $61.3 million, a 18% MoM lower from September.
The earlier report for sportsbook deal with was set in October 2021 with a complete of 776.3 million.
PA on-line casinos (together with poker) additionally recorded an all-time report month of October, reaching $151.7 million in gross income. Pennsylvania on-line casinos set the earlier report for gross income again in March with $147.7 million.
“Whereas year-over-year sports activities betting development is starting to degree off, the net on line casino market continues to indicate great development,” stated Chris Imperiale, Managing Editor of PlayPennsylvania. “PA on-line casinos’ $151 million October gross gaming income is an all-time, all-market report for iGaming within the US. October additionally made Pennsylvania the primary state within the nation to cross $1 billion in tax income, beating out the rather more mature neighboring New Jersey market.”
October 2022 numbers for Pennsylvania sports activities betting
Figures from the Pennsylvania Gaming Management Board:
- Deal with: $797.1 million (19.1% MoM improve; 2.7% YoY improve)
- Income: $61.3 million (18% MoM lower; 45.5% YoY improve) / Adjusted Gross Income (taxable): $40.5 million
- Maintain: 7.6% (down from 11.7% final month)
- % of bets positioned on-line: 91.9%
- Promotional credit: $21 million
- October sports activities betting taxes: $13.8 million to the state and $810,280 to native entities.
- Prime sports activities betting app by deal with: FanDuel Sportsbook with 292 million (40% market share)
- Prime sports activities betting app by income: FanDuel Sportsbook (289.6 million; 58% market share)
Full October income breakdown under.
October 2022 numbers for on-line casinos and poker in PA
- On-line slots income: $113.5 million
- On-line desk video games income: $35.7 million
- Poker income: $2.5 million
Full October income breakdown by PA on line casino licensee under.
Fast evaluation from October PA sports activities betting and on line casino figures
PA sports activities betting October takeaways
- Thanks to 5 full weekends of NFL, school soccer and a full month of an sudden Phillies playoff run, Pennsylvania set a report in deal with with a complete of $797.1 million. Within the fourth NFL season of PA on-line sports activities betting, Pennsylvania beat the earlier report of $776.3 million set in October 2021.
- FanDuel and DraftKings proceed to co-dominate the market after DraftKings considerably closed the deal with hole in September. In October, FanDuel regained its edge by producing 40% market share of on-line bets positioned in comparison with DraftKings’ 31%. FanDuel’s maintain share is significantly higher at 11.2% vs. DraftKings’ 4.5%.
- It was a extra helpful month for bettors in comparison with the sportsbooks in October. Maintain share got here down to 7.6% from 11.7% in September.
PA casinos October takeaways
- Regardless of tax charges of 54% for on-line slots and 16% for on-line desk video games and poker, PA grew to become the first state to cross $1 billion in tax income.
- On-line casinos are nonetheless rising as PA set the US iGaming report in deal with. With greater than 10 on-line casinos able to launch, PA will not be finished rising.
- Getting into October, Hollywood Penn Nationwide and Rivers Philadelphia are the most important on-line on line casino winners in PA with lifetime revenues of $1.8 billion and $899.1 million, respectively. The 2 continued the pattern in October as Hollywood Penn Nationwide reported $64.3 million in income and Rivers Philadelphia recorded $36.7 million.
PA sports activities betting deal with & income by operator October 2022
| Licensee | On-line Model | Deal with | Income | Maintain | Taxes |
|---|---|---|---|---|---|
| Valley Forge | FanDuel | $292,046,075 | $32,732,565 | 11.2% | $7,961,355 |
| Hollywood Meadows | DraftKings | $231,105,439 | $10,615,488 | 4.6% | $2,814,236 |
| Hollywood Morgantown | BetMGM | $56,151,112 | $5,268,662 | 9.4% | $501,055 |
| Hollywood Penn Nationwide | Barstool | $48,784,088 | $2,548,361 | 5.2% | $596,658 |
| Rivers Pittsburgh | BetRivers | $33,367,989 | $3,297,910 | 9.9% | $944,804 |
| Harrah’s Philadelphia | Caesars | $26,609,893 | $732,685 | 2.8% | $41,868 |
| Parx | Parx | $24,280,488 | $1,135,433 | 4.7% | $303,799 |
| Rivers Philadelphia | PlaySugarHouse | $22,125,556 | $1,534,761 | 6.9% | $509,216 |
| Hollywood York | PointsBet | $17,353,534 | $1,107,074 | 6.4% | $95,169 |
| Reside Philadelphia | Betway | $11,438,638 | $971,890 | 8.5% | $349,880 |
| Mount Ethereal | Fox Wager | $10,308,596 | $392,082 | 3.8% | $109,170 |
| Mohegan Solar Pocono | Unibet | $7,553,097 | $429,622 | 5.7% | $87,741 |
| Reside Pittsburgh | $4,781,762 | -$283,320 | -5.9% | -$101,995 | |
| Presque Isle | TwinSpires | $3,804,697 | $497,729 | 13.1% | $178,930 |
| Wind Creek | Wind Creek | $2,833,350 | $102,248 | 3.6% | $36,061 |
| South Philadelphia Race & Sportsbook | $2,185,498 | $226,141 | 10.3% | $81,411 | |
| Downs at Lehigh Valley | $1,923,603 | $165,549 | 8.6% | $59,598 | |
| Parx Malvern | $471,318 | $44,697 | 9.5% | $16,091 | |
| Whole | $797,124,732 | $61,519,576 | 7.7% | $14,585,047 |
PA on-line on line casino income by operator October 2022
| Licensee | Whole Income | Slots | Tables | Poker | Promos | Taxes |
|---|---|---|---|---|---|---|
| Hollywood Penn Nationwide | $64,289,132 | $46,770,151 | $17,210,167 | $308,814 | $11,584,925 | $19,336,989 |
| Rivers Philadelphia | $36,741,658 | $32,611,534 | $4,041,731 | $88,393 | $7,456,363 | $12,482,584 |
| Valley Forge | $27,112,571 | $16,379,489 | $10,733,082 | $0 | $3,718,230 | $7,668,085 |
| Parx | $5,859,880 | $4,912,186 | $947,693 | $0 | $1,146,114 | $1,921,685 |
| Mount Ethereal | $5,698,104 | $3,110,538 | $1,064,410 | $1,523,155 | $1,487,023 | $1,172,866 |
| Harrah’s Philadelphia | $3,778,568 | $2,505,278 | $702,435 | $570,855 | $383,592 | $1,190,857 |
| Reside Philadelphia | $3,013,343 | $2,730,089 | $283,255 | $0 | $357,259 | $1,160,551 |
| Mohegan Solar Pocono | $2,574,176 | $2,048,192 | $525,985 | $0 | $451,173 | $834,756 |
| Wind Creek | $2,354,651 | $2,193,329 | $161,322 | $0 | $622,545 | $764,080 |
| Presque Isle Downs | $293,932 | $266,223 | $27,709 | $0 | $877 | $129,146 |
| Whole | $151,716,015 | $113,527,008 | $35,697,789 | $2,491,217 | $27,208,099 | $46,661,599 |
