Pennsylvania Casino Revenue Falls In SeptemberState Casinos Still Eyeing Online Gambling, Sports Betting |
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Pennsylvania gaming regulators said Tuesday that the state’s 12 casinos won a combined $268.5 million last month, which marked an uncommon year-over-year decline.
The state, which has already legalized sports betting, is waiting on its first sports books to launch. The Keystone State could use the new form of betting, as the gaming win was down nearly one percent compared to the $271 million won a year prior.
Table games accounted for $72.3 million, a decrease of 4.3 percent over September of last year when revenue was $75.6 million. The Sands Bethlehem casino won $18.4 million from table games, a decline of 18.8 percent year-over-year.
Sands was no. 1 at the tables, while Parx held the top spot in slot revenue. The Philadelphia-area casino won $33.1 million from slots, an increase of 4.6 percent year-over-year. Statewide slot win was $196.2 million, up just 0.4 percent.
The state’s 10 poker rooms, which have a combined 225 tables, generated $4.1 million in rake last month, down nearly nine percent from $4.5 million in September 2017.
Pennsylvania regulators have already handed out multiple sports betting licenses, but the casinos are still preparing to launch. That could come this fall.
The market for sports betting could grow to as much as $6 billion in the next several years, depending on how many states have active industries.
Pennsylvania has also yet to launch online casino gambling, which it legalized last year along with preemptively authorizing sports betting pending the Supreme Court decision.
Keystone State casinos reported gambling win of $3.22 billion in 2017, virtually flat (0.4 percent gain) over 2016. Nationwide gaming win grew 3.4 percent in 2017.
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