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Pennsylvania’s market grows in September thanks to record igaming revenues

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The gambling revenue of Pennsylvania rose 6.2% on an annual basis in September, to $476.9m. This was partly because igaming revenues were record highs during that month.

The total revenue for September was higher than the $448.5m generated in the same period last year. This figure is also 4,2% higher than the $457.8m in Pennsylvania generated in August of this year.

Slot machines in retail still lead in revenue, generating $199.9m in 2018, an increase of 0.7% over last year. Another $75.2m was generated by physical table games. However, this is 7.8% less than September 2022.

In September, the igaming sector reported the largest growth. The state’s revenue jumped by 41.5%, to reach $159.5m, a record high. This is a new all-time highest for the State, exceeding the $148.2m mark set in March.

Internet table games revenues grew 31.7%, to $42.4m. Online slot revenue jumped 47.3%. Online poker revenue fell 10.4%, to $2.4m.

Hollywood Casino, Penn National is the market leader in September with a $64.9m igaming revenues. Valley Forge Casino Resort is again in second place with $35.4m and Rivers Casino Philadelphia comes third at $29.2m.

Pennsylvania’s sports betting revenues continue to fall

Pennsylvania, on the other hand, reported a further drop in its sports betting industry. This segment’s revenue fell 27.1% on an annual basis to $36.6m despite handling increasing 12.6%, to $726.3m.

Valley Forge and FanDuel have regained the top position in the market, after falling to second place last August. In September, the partnership generated $19.1 from 256.4m total bets.

Hollywood Casino Meadows and Barstool – which led in the segment last month – placed second, with $8.6m of revenue from a $230.5m total. Parx Casino was third, with $2.2m revenue, from wagers of $22.6m.

In Pennsylvania, revenue from video gambling terminals was down 7.2% at $3.2m. Fantasy sports revenues also declined by 6.6%, to $1.8m. DraftKings led the way with $1.3m.

Operators fined for violating regulatory laws

Pennsylvania Gaming Control Board has fined operators who have violated state laws. Three operators were fined a total of $73,075.

Live! is operated by Stadium Casino Westmoreland. Casino Pittsburgh was fined $30,000 Casino Pittsburgh was fined $30,000. This included $20,000 for allowing self-excluded people to gamble in its casino.

A $10,000 additional fine was issued to the casino for allowing underage gamblers. This individual had access to the casino floor, where he played slot machines.

Love’s Travel Stops & Country Stores, meanwhile, was fined $25,000. This is because it failed to inform the PGCB about ownership changes in five VGT Truck Stop Establishment sites.

The PGCB also sanctioned Greenwood Gaming and Entertainment (Parx Casino operator) for a late submission of two renewal license applications. Operator ordered to pay $18,075.

Rivers Casino Philadelphia renews its license in Pennsylvania

In Pennsylvania as well, the PGCB unanimously approved the renewal of the Category 2, stand-alone, casino license for Sugarhouse HSP Gaming (Operator of Rivers Casino Philadelphia). This license was renewed for a further five years.

Rivers Casino Philadelphia generated gross revenues of $4.47 since its opening on September 10, 2010. This facility has retail slot machines, table games and sports betting as well as igaming. The state has collected over $1.94bn through tax revenues.

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