Pennsylvania gaming revenue totals $483 million in October, oddsmakers bet $800 million
Pennsylvania gambling revenue totaled $483 million in October 2023, a 7.3% increase from the previous year.Funding includes revenue generated from the state’s 17 land-based casinos as well as iGaming, sports betting, fantasy sports and video gaming terminals (VGT).
It's time for this month's revenue reports, as state gaming regulators reveal how the commercial gaming industry fared in October - with Pennsylvania ranking third in the country behind Nevada and New Jersey with $483 million.
New Jersey casinos and sportsbooks won about $487.1 million last month. Nevada has yet to release October figures, but its gross gaming revenue (GGR) has topped $1 billion for the 31st consecutive month.
Slot machines at Pennsylvania's 17 casinos earned players $192.5 million in October 2023, a 3.3% decrease from the same month in 2022. Table games performed better, retaining $81.5 million, up 2% year over year. Annual improvements.
iGaming and sports betting drive growth in Pennsylvania
While in-person GGR is down, these losses can be easily offset online. iGaming revenue from interactive slot machines increased 27% to $109.8 million. Online gaming table profits increased 19% to $42.6 million. Online poker rake increased by $2.3 million, bringing total Internet GGR to approximately $154.7 million.
Fantasy sports fees totaled $2.6 million, down 4.3%, and truck stop VGT revenue fell 4% to $3.4 million.
Oddsmakers accepted more than $800 million in bets for the first time in state history. Of $829 million at risk, bettors lost $48.1 million. The proportion of sports betting increased by 19% year-on-year. Most of the $43 million in profits came online.
The oddsmakers in Pennsylvania did a great job as the Philadelphia Phillies lost to the Arizona Diamondbacks in seven games in the National League Championship Series. Philadelphia jumped out to a 2-0 lead but lost its next two games at Arizona State. They won Game 5 and returned to Citizens Bank Park 3-2, but lost their final two home games and ended their season.
Information about smoking
This week in Harrisburg, a House committee advanced a bill to ban smoking in indoor casinos. This is the first time since the passage of the Pennsylvania Clean Indoor Air Act in 2008 that legislation to change the law and close a smoking loophole in casinos has passed a General Assembly committee.
Rep. Dan Frankel (D-Allegheny), chairman of the House Health Committee, believes now is the time to protect casino workers from the dangers of secondhand smoke. He and 14 Democrats on the House Health Committee passed his smoking bill, with all 10 Republicans on the committee voting against sending the bill to the full House.
Pennsylvania casinos allow indoor smoking on up to 50% of gaming floors. All casinos except Parkers Casino in North Philadelphia and its satellite casino Shippensburg Parkers utilize smoking licenses.
Parks Casino in Bensalem remains the leader in Pennsylvania's land-based casino industry, although smoking is prohibited anywhere inside the casino. Parx won $30.3 million in its slot games last month, about $8.5 million more than second-place Wind Creek Bethlehem, which won with $21.8 million.
Parx table gaming revenue of $17 million ranked second in the state behind Wind Creek's $20.4 million.
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Source: www.casino.org
