Pennsylvania Casinos See Play Cool, as May Retail Revenue Totals $292.5M
Pennsylvania casinos saw their in the flesh(p) toy slacken inwards May, as the 17 brick-and-mortar properties reported retail receipts gaming revenue of or so $292.5 million. Compared with May 2022, finally month’s land-based win represents a $1.7 1000000 reduction, or a 0.6% year-over-year decrease.
The slump was mostly mat on the tables, as dealer games saw poorer win rates for the house. Retail tables at the state’s 17 casinos totaled $81.6 million, a 7.8% free fall from May 2022. Slots tried to continue the tabular array losses with more than $210.8 trillion inwards coin-in hold, but the 2.5% premium on May 2022 wasn’t enough to span the gap.
Hollywood Casino at William Penn National Race Course remained the whirligig participant inwards the country market. Revenue in that location totaled o'er $74.3 million, an 18% leap from the previous May. Valley Forge Casino Resort, largely because of its iGaming and sports wagering business, placed a surprising second, with revenue northward of $64.2 gazillion — a nearly 22% year-over-year improvement.
Individual gambling casino GGR includes income from retail, iGaming, and sports betting.
After Hollywood Penn National and Valley Forge, Parx Casino close Philadelphia was third at $58.8 million, Rivers Casino Philadelphia was fourth at $50.2 million, and Wind Creek Bethlehem rounded come out the top of the inning quint at $46.3 million. All but Wind Creek, which posted a 5% year-over-year decline, saw improved revenue in May 2023.
iGaming, Sports Betting Increases
Though in-person spiel cooled a chip inwards May, something non unique to Keystone State but also experienced inwards neighboring Atlantic Ocean City, online casinos and sportsbooks continued to get growth.
iGaming, inclusive of online slots, tabularise games, and poker rake, totaled more than $140.9 million. That’s a 24% surge on May 2022, or near $27.7 million.
Interactive slots won $100.6 gazillion — up nearly 29% — while online tables generated $37.8 million, or 17% to a greater extent than a yr ago.
Oddsmakers kept $41.1 one thousand thousand of the $495.6 gazillion wagered, which severally correspond year-over-year increases of 17% and 0.5%. As the numbers show, oddsmakers fared significantly better against their bettors in conclusion month than they did during May 2022.
Notable events lastly month included the Bluegrass State Derby, the PGA Championship, the capital of Indiana 500, and the take up of the French people Open.
Video gaming terminals privileged truck stops added most $3.6 one thousand thousand in revenue and day-to-day phantasy sports operators reported $1.2 meg inwards competition fees. When GGR from all verticals is combined, Pennsylvania’s gaming industry reported May 2023 revenue of some $479.37 1000000 — upwards 7%.
Bridge Concerns
iGaming and sports betting bridged the in-person reductions at the Keystone State casinos finally month. The online verticals will likely have to a greater extent act to fare inward June, as some retail gambol is expected to live hampered past the I-95 bridge deck give inwards Philadelphia.
On June 11, a tanker truck carrying petrol crashed piece attempting to go out the highway in northeastern United States Philadelphia at Route 73. The truck caught firing underneath the main road bridge over and the extreme hot up resulted in the bridge collapsing.
State and federal officials say the nine-mile closing of I-95 testament reopen as before long as this weekend. But the traffic and backlogs surrounding the surface area are presumptively keeping some would-be gamblers out from the III casinos in the surface area — Parx, Rivers, and Live!
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