As the Keystone State’s online casinos and poker rooms continue to produce a string of excellent showings, Pennsylvania sportsbooks have set the stage for a potentially record-breaking Autumn.
After finishing at $103.2 million in August, the latter recorded a sixth consecutive month with gross gaming revenue exceeding $100 million, up 54.8 percent from $66.7 million in August 2020, but down 1.2 percent from $104.5 million in July.
Taxable revenue was unchanged from a month ago at $88.7 million, resulting in $39.4 million in state and local taxes. Gambling on online casino games remained strong in August, with $3.2 billion wagered, which was the same as in July.
Leading the industry
With $35.1 million in gross revenue, Penn National, which includes the DraftKings, BetMGM, Barstool, and Hollywood casinos, once again lead the industry.
Valerie Cross, analyst for PlayPennsylvania said: “While sportsbooks ebb and flow with the seasons, the growth at online casinos has been consistent and relentless.
“As the weather cools, that growth should continue. There are no signs yet that point to any kind of slowdown on the immediate horizon.”
Importance of football
Dustin Gouker, analyst for the PlayUSA said: “Revenue generation is important this time of year, too, but football is often a springboard for operators to build relationships with new customers.”
“This is why operators are aggressive with their football-related promotional offerings and advertising campaigns, particularly around the opening weeks of the season.
“It’s also a time when giants such as FanDuel and DraftKings really can exploit their resource advantage over smaller operators.”