Online Gambling In Pennsylvania Sets Records Only Two Weeks After Launch

Gambling in Pennsylvania

The state of Pennsylvania’s recently regulated online gambling market has been in operation for sixteen days now and generated an astounding $812,306 in revenue. Customers’ total handle during that time period was $49.2 million.

The state’s online market went live on July 15. The Pennsylvania Gaming Control Board (PGCB) has the numbers since then broken down as follows: As far as game categories go, numbers were split almost evenly with layers putting down $23.8 million on online video slot machines and $25.5 million on table games.

The three operators that launched online casinos in the state earned revenue totalling $517,712 from slots while the take from table games came to $295,594. SugarHouse Casino, which is operated by Rush Street Gaming, contributed more than half of the total revenue—$442,796. Customers there laid out bets worth $10.1 million on slots, earning the casino $261,869. $5.8 million was wagered on their table games and brought them another $160,927 in profit.

Parx Casino turned up second place numbers with a total revenue of $260,124. They took in wagers totalling about $10 million on slots while keeping just $139,903 for themselves. Somehow they managed to get wagers nearly doubling that amount at table games—$19.3 million—but somehow generated even less profit, coming in at only $120,221.

Last in the rankings was Penn National’s casino which had wagers totalling $4.1 million and revenue coming to $117,284. $115,940 of that came from online slots while $13,446 was generated by table games.

Tax revenue for the first 16 days of Pennsylvania’s iGaming industry was just as impressive. Online slots were responsible for 34% of the overall taxes generated, bringing the state $176,022 with $67,303 from the 13% country grants tax. Table games are taxed at a rate of 14% and contributed $41,243.

Sports Betting Breaking State Records

July also proved to be a record-breaking month for the sports betting industry in Pennsylvania. Operators reported a handle of $59.3 million, of which $39 million came from online wagers. The amount breaks the previous record for the month of June, which was $46.3 million. It is also the first time that online sportsbook wagers surpassed retail wagers.

Impressive Totals

Overall, gambling within the state of Pennsylvania generated $5.1 million in revenue and $969,727 in taxes. Out of that, $2.9 million in revenue was generated by online gambling venues, even though only four operators had launched online services.

LauraK

Blogger and Casino Fan, originally from Argentina.

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