Pennsylvania Casino Revenue Flat While Online Gaming Surges 22% in October

Pennsylvania Casino Revenue Flat While Online Gaming Surges 22% in October

By Michael Davidson

November 21, 2024 at 05:51 PM

Pennsylvania's brick-and-mortar casino revenue reached $274.5 million in October 2024, showing a minimal 0.2% year-over-year increase. Slot machines generated $200.6 million while table games brought in $73.9 million, with slots growing 4% while table games declined 9%.

Casino dealer at gaming table

Casino dealer at gaming table

Online gaming (iGaming) continued its strong performance with $186.8 million in revenue, representing a 22.5% increase from October 2023. The breakdown includes:

  • Online slots: $140.8 million
  • Interactive table games: $46 million

Market leaders in iGaming:

  • Penn Entertainment: $69.4 million
  • Boyd Gaming's Valley Forge Casino: $51.9 million
  • Rivers Casino: $33.2 million

Other gaming segments faced challenges:

  • Sportsbooks saw a 43% decline in hold
  • Online poker revenue fell 6% to $2.2 million
  • Fantasy sports dropped 21% to $2.21 million

Regulatory Updates:

  • The PGCB fined two VGT operators for operating without board-credentialed employees:
    • TA Travel Center: $37,500
    • Love's Travel Stops: $32,500
  • Seventeen individuals were added to the Involuntary Exclusion List:
    • Five for leaving children unattended in vehicles
    • Four for iGaming fraud
    • Eight for various other offenses

Despite some segments showing decline, Pennsylvania's gaming market remains stable, particularly when compared to Atlantic City's 8.5% decrease in in-person play during the same period.

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