PA On-line Casinos Fail To Attain $160 Million In Income This July

The summer time months convey gradual occasions to the playing trade, however Pennsylvania on-line casinos stay as sturdy as ever. The Pennsylvania Gaming Management Board (PGCB) reported that on-line on line casino operators registered $157.1 million in income in July.

Whereas that quantity marked the primary time under $160 million since November 2022, it nonetheless outperformed New Jersey’s $155.2 million. Pending Michigan’s July income, on-line casinos in Pennsylvania might publish extra sturdy iGaming numbers than each states for a whole yr, final falling behind them in July 2022.

PlayPennsylvania Managing Editor, Chris Imperiale, stated:

“Pennsylvania on-line casinos truly had one among their worst showings in a while, however nonetheless generated a robust $157.1 million in gross income this July. This marks the primary time in eight months that the state didn’t attain the $160 million mark. Regardless of earnings dropping about 4.4% from final month, they elevated greater than 27% yr over yr. Even with the slower month, the PA market is clearly the chief within the US and may proceed to see high quality leads to August earlier than the NFL season will get underway.“

Breakdown of July 2023 revenues

• On-line slots income: $119.1 million
• Desk video games income: $35.4 million
• On-line poker income: $2.6 million

Full July income breakdown by PA on line casino licensee under.

PA on-line casinos proceed their dominance

Pennsylvania’s on-line casinos have damaged US iGaming information 4 occasions since October 2022 as they’ve discovered a brand new baseline above $150 million in month-to-month income.

• October 2022: $151.7 million*
• November 2022: $155.9 million*
• December 2022: $166.9 million*
• January 2023: $160.3 million
• February 2023: $162.3 million
• March 2023: $181.5 million*
• April 2023: $167.2 million
• Might 2023: $170.4 million
• June 2023: $164.3 million
• July 2023: $157.1 million

*signifies US iGaming file

Fast evaluation from July PA on-line on line casino figures

• July’s numbers would be the lowest of the yr, however they’re nonetheless up 27% from the $123.2 million they posted a yr in the past. July produced the bottom income totals in 2022 and may do the identical in 2023, leaving an opportunity at surpassing $2 billion in 2023 on-line on line casino income. PA’s on-line casinos must common $167.7 over the past 5 months to make it occur.
• Motion elevated considerably in desk video games and slots. Desk video games’ $35.4 million income grew 48% from $23.9 million a yr in the past, and slots’ $119.1 million represented 23.3% year-over-year progress from $96.6 million.
• On-line casinos are a money cow for Pennsylvania, second solely to retail slots. On-line slots outperformed retail desk video games ($86.7 million), and whole iGaming income almost doubled retail desk video games.

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