Clicky

Pennsylvania's January Revenue Report Reveals Market's Status - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
revenue-rise
Published on
Update on
Author

The Pennsylvania Gaming Control Board (PGCB) released the monthly gaming revenues for January 2022, in mid-February. At first glance, everything seems to be going very well for the massive betting market. Overall gaming revenue, for instance, was up 26 percent from the previous year which is very impressive, to say the least.

However, the state’s gaming revenue is still on a downward spiral that began in November 2021. The revenue drop within that period has been quite subtle and could be nothing more than a fluke. Even so, it is very important to keep all that in mind as it will potentially determine the trajectory that the sector will take over the year.

The Figures

The Keystone States’ casino generated a whopping $393.1 million in total revenue throughout January. From this amount, $157.5 million went to state coffers in the form of tax revenue further proving just how lucrative the sector is.

Online gambling which is one of the fastest-growing gaming verticals in the state was responsible for a record $108.3 million. This broke the single-month revenue record of $102.9 million that the sector set in October 2021. The amount also represented a cool 35 percent surge in iGaming revenue compared to the same period last year.

Sports Betting Receives Big Boost from the NFL and the NBA

Incentivized by sports betting events that were lined up for the first quarter of the year, Pennsylvania sports betting operators generated $793.7 million in handles. That is the highest amount in the state’s industry. It is also significantly higher than what the state’s online and retail sportsbooks had posted the previous month.

The NBA events as well as the storied Super Bowl were, unsurprisingly, at the center of all these impressive figures. Coming from a year where most of that was not possible due to pandemic-induced restrictions and lockdowns, many people were looking forward to getting back to these activities.

For more details, here is a breakdown of the state’s gaming revenue by game type:

Type of Gaming RevenueJanuary 2022January 2021% Change
Retail Slots Revenue$168,441,692$140,740,37919.68%
Retail Tables Revenue$78,227,708$50,829,57153.90%
iGaming Slot Revenue$71,836,045$51,007,94240.83%
iGaming Tables Revenue$33,084,504$26,679,59024.01%
Sports Wagering Revenue$32,169,931$33,970,396-5.30%
iGaming Poker Revenue$3,390,093$2,725,60024.38%
Video Gaming Terminals Revenue$3,101,765$2,240,78238.42%
Fantasy Contests Revenue$2,892,349$2,908,488-0.55%
Total Gaming Revenue$393,144,086$311,102,74726.37%

Latest Headlines

PGCB Launches Campaign for Gambling Adults Who Leave Minors Behind

This year, the Pennsylvania Gaming Control Board has noticed an uptick in the number of instances when individuals have left their children behind while they gambled. Consequently, the gaming board has launched a fresh initiative to address the problem. The purpose of the PGCB’s “Don’t Gamble with Kids” campaign is to raise awareness and discourage […]

Parx Casino Sues Pennsylvania Skill Gaming Company

Parx Casino, located in Philadelphia, is arguably the most prosperous gambling operator in the state of Pennsylvania but the company believes that its profits would increase even further if the Commonwealth did not have any unregulated skill gaming machines. In the latest development, Parx Casino has taken POM to court in Philadelphia’s Court of Common […]

Pace-O-Matic Doubling Down on PA Lobbying Efforts?

During the summer, Wyoming hosts its most famous event, Cheyenne Frontier Days, which boasts of being one of the biggest outdoor rodeo and Western celebrations in the world. A professional bull-riding competition is just one of the many attractions of this year’s festival, which also features a music series, carnival, parade, cook-off, and air show. […]

Pennsylvania Brings In $429M in Gambling Revenue in July

The Pennsylvania Gaming Control Board (PGCB) has just published the gaming revenue data for July, which shows a notable rise in comparison to July of the previous year. According to the findings of the survey, Pennsylvania’s gaming industry saw modest year-over-year growth. In July 2022, the state’s gaming authority reported $429.07 million in earnings from […]

FanDuel Group Extends Footprint in Pennsylvania

In conjunction with Evolution, the FanDuel Group has launched its very first FanDuel-branded live dealer studios in the state of Pennsylvania. This move is part of the company’s plan to extend its portfolio of online casino games across the United States. The well-known online gaming and fantasy sports operator has also extended its services to […]

Similar Stories in Gambling

PGCB Launches Campaign for Gambling Adults Who Leave Minors Behind

This year, the Pennsylvania Gaming Control Board has noticed an uptick in the number of instances when individuals have left their children behind while they gambled. Consequently, the gaming board has launched a fresh initiative to address the problem. The purpose of the PGCB’s “Don’t Gamble with Kids” campaign is to raise awareness and discourage […]

Pennsylvania Brings In $429M in Gambling Revenue in July

The Pennsylvania Gaming Control Board (PGCB) has just published the gaming revenue data for July, which shows a notable rise in comparison to July of the previous year. According to the findings of the survey, Pennsylvania’s gaming industry saw modest year-over-year growth. In July 2022, the state’s gaming authority reported $429.07 million in earnings from […]

FanDuel Group Extends Footprint in Pennsylvania

In conjunction with Evolution, the FanDuel Group has launched its very first FanDuel-branded live dealer studios in the state of Pennsylvania. This move is part of the company’s plan to extend its portfolio of online casino games across the United States. The well-known online gaming and fantasy sports operator has also extended its services to […]

Pennsylvania Skill Negotiates Settlement for the of Return Its Games

According to a press release issued this week, Pace-O-Matic’s legal representatives have secured a settlement that involves the restoration of its confiscated skill games, equipment, and money. In September of 2021, the Pennsylvania Bureau of Liquor Control Enforcement and the Clearfield County District Attorney’s office conducted raids and confiscated this property wrongfully. This fight was […]