The Pennsylvania Gaming Control Board (PGCB) revealed today that online slots won just shy of $39.4 million last month. That’s a staggering 673 percent gain in November 2019. Online casinos went... Pennsylvania's 13 operating casinos, fantasy sports operators and truck stops took in $2.65 billion in gross revenue in 2020, compared to $3.4 billion taken in by 12 casinos in 2019, the... Pennsylvania Online Gambling Revenue Soars Again In December, Capping Off A Year Of Massive Growth. onlinepokerreport.com | 12d. Save for a dip in June and a flat month in November, 2020 was a year of constant growth for the Pennsylvania market. That’s not surprising, as the market was only six months old to start the year, and hadn’t yet reached maturity. Even so, the extent of the growth Pennsylvania Online Gambling Revenue. Revenue / ∆ Monthly / ∆ Yearly: · Total: $55.9 million / +3% / +1,532% · Slots: $39.6 million / 0% / +1,469% · Table games: $13.6 million / +14% / + 1,404% · Poker: $2.7 million / -9% / N/A. While breaking down revenue vertically, August repeated July patterns. Slots held almost steady, while essential all of the industry’s growth was the outcome Still, it’s Pennsylvania that comes out on top of the all-important tax revenue category. As the chart below shows, Pennsylvania generated $96.54 million in online gambling and sports revenue compared to New Jersey’s $151.95 million. It’s no secret that gambling revenue has nosedived across the globe during the COVID-19 pandemic. In fact, it’s been one of the hardest-hit sectors, rivaling the automotive and travel industries, according to analysts at H2 Gambling Capital.. However, according to new data from H2, while the retail sector has been hard hit, online gambling revenues have been relatively unscathed. Total revenue for Pennsylvania online casinos and poker rooms in December amounted to $71.6 million, a nearly sevenfold increase over $10.6 million in the final month of 2019. There are four major reasons for the growth: Pennsylvania online casinos brought in a combined $57.4 million in November, almost exactly the same as in October. Online poker in PA was also almost unchanged at $2.4 million in revenue. For both verticals, what little change there was amounts to a rounding error. That said, online gambling did not completely suffer. Rather, both online casinos and online poker saw an uptick. Last month, industries in both New Jersey and Pennsylvania seemingly compensated despite the lack of sports. New Jersey online gambling flourishes. Believe it or not, online gambling has been a mainstay in New Jersey for going on Gambling revenue in Pennsylvania took a significant hit in 2020. The state's gaming control board reported a drop of more than 20 percent from the previous year.
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