The Keystone State gaming industry is at present on a three-month revenue sliding board after posting record book revenue inwards November. Gross gaming revenue (GGR) finally month totaled a small to a greater extent than $375.6 million, which represents a 4.4% month-to-month decline.
Pennsylvania is the nation’s third-largest gaming state, behind Sagebrush State and New Jersey. The commonwealth is home to 16 land-based casinos, iGaming, retail and online sports betting, day-by-day fantasize sports, and motortruck stoppage video gaming terminals (VGTs).
GGR from all verticals hitting an all-time commonwealth put down of $425.9 trillion inwards October, and so again inwards November with $432.5 million. But since then, monthly revenue has declined inward December, January, and February.
The bead comes despite Keystone State enjoying a comparatively mundane winter season. But the absence of major snowfalls didn’t command prompt Pennsylvanians into visiting their local cassino at rates they did inward Oct and November.
February Recovery
Despite Feb marking Pennsylvania’s thirdly unbowed month-to-month GGR decline, the month shows that the securities industry is continuing to recover from COVID-19. Compared with February 2021, in conclusion month represented a 24.4% increase.
If it weren’t for sports betting, Feb 2022 would experience been practically better, as oddsmakers lost $442,847. In Feb 2021, Pennsylvania sportsbooks won to a greater extent than $16.3 million.
The Los Angeles Rams’ three-point win shoemaker's last month o'er the Cincinnati Bengals in Super Bowl LVI was considered a best-case scenario for books inwards Las Vegas. But with Pennsylvania neighboring Ohio, bettors to a greater extent to a great extent backed the Bengals than inwards other parts of the country. With the consensus overspread being Los Angeles spotting Cincinnati 4.5 points, the Bengals’ three-point loss was stock-still a win for many bettors.
Every other major perpendicular posted year-over-year increases inward Feb 2022, compared with Feb 2021. Retail slots increased 33% to $194.7 billion and retail tables 30% to $74.3 million.
iGaming revenue from slots, tables, and stove poker totaled $102.4 billion — or so 30% better from 2021.
Hollywood Leads Again
Hollywood Casino at William Penn National took the teetotum recognise in February. The Penn National Gaming dimension has been the boilersuit GGR leader inward apiece of the past foursome months.
Penn has naturalized itself as the iGaming front-runner in the state. And that’s how its flagship Hollywood dimension managed to top Parx Casino, despite intemperately tracking inward brick-and-mortar win. Hollywood William Penn National reported retail slot income of just now $15.1 million, and table revenue of only when $2.4 million.
Parx led the path inward brick-and-mortar expansion slot play, the Philly-area casino winning nearly $33.7 one thousand thousand from its terminals. Wind Creek Bethlehem Ephrathah won the to the highest degree money on tables, the Lehigh Valley cassino keeping $17.5 billion of the tabularise gamy bets.
But Hollywood Penn National’s iGaming hale of more than $42.6 trillion easy countervail its brick-and-mortar shortcomings. Rivers’ online casino program was a removed second at $24.5 million.
Smoking Considerations
A looming occupy for the Pennsylvania gaming industry is a forthcoming travail inwards Harrisburg to end indoor cassino smoking. Casinos are currently allowed to designate up to 50% of their gaming story for smoking.
Some politicians inwards Pennsylvania, as fountainhead as in neighboring New Jersey, say it’s clip to last the unclouded indoor transmit loopholes for casinos. Two Pennsylvania Democratic lawmakers are leading the sweat inwards the commonwealth to pretend gamblers proceed outside to light up. They say they testament introduce such legislating in the coming weeks.