Pennsylvania experiences YoY online revenue growth in May

The Barstool Casino brand

The Barstool Casino brand's Hollywood Casino at Penn National was the principal performer in May's total igaming revenue in Pennsylvania.

The Barstool Casino brand’s Hollywood Casino at Penn National was the principal performer in Pennsylvania for May’s total igaming revenue with $45.5m. 

New figures released by the Pennsylvania Gaming Control Board revealed that casino games offered online generated gross revenue of $113.3m last month, which represents an 11.91 per cent increase from May in 2021 ($101.25m). 

The aforementioned Hollywood Casino performance also highlighted a 10 per cent increase from the same period in the previous year ($41.3m). 

Other notable performers during May were BetRiver’s River Casino Philadelphia with $26.9m, a 0.24 per cent decline from May last year ($27.01m), and FanDuel Casino’s Valley Casino Resort, which totalled $21.2m, a 30.12 per cent increase from the previous year. 

Aside from the top performers revenue wise, Live! Casino Philadelphia, whilst coming in at $3.8m, showed the biggest percentage increase from the year prior, showcasing a 390.38 per cent surge (2021: $648,424). 

Moreover, revenue by game type witnessed retail slots come out on top in May, contributing $205.7m, a 2.12 per cent uptick from 2021 ($201.4m). In addition, retail table revenues experienced a 14.69 per cent jump from the same period last year, coming in at $88.2m (2021:77.2m). 

Alternatively, looking into the online vertical, igaming slot revenue saw a 16.30 per cent jump from its May 2021 figures ($67.2m), totalling $78.2m. Furthermore, igaming tables revenue had a 2.81 per cent increase with $32.3m in total revenue (2021: $31.4m).

Total gaming revenue across the board in May experienced a 8.38 per cent uptick reporting $447.8m, compared to $413.2m in 2021. 

On the sports betting vertical, Pennsylvania’s handle witnessed a drop from April to May, down 13.9 per cent from $572.8m in April to $493.4m last month. This is in line with other states, which all experienced an expected dip with the winding down of the pro hockey and basketball betting options. Hold was a mere seven per cent, resulting in $35m in revenue.

Author: Ava Harvey