Clicky

PGCB Releases Revenue Figures for June 2020 - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
cash-dollars
Published on
Update on

Last Thursday, the Pennsylvania Gaming Control Board (PGCB) released the revenue figures posted by the state’s gambling industry in the month of June 2020. As expected, since the state is still reeling from the effects of the coronavirus pandemic, the overall gambling revenue took quite a hit once again. The closure of all of the Keystone State’s retail gambling facilities was quite a big blow to the industry especially considering their reliance on those properties.

Despite all this, the July 2020 revenue figures that were recently released bear both good and bad news. That is just one way to put it but the overarching idea is that the market dynamics are beginning to shift with the trend suggesting a possible balance in the retail and iGaming sector revenue figures.

The Return of Retail Gambling

Now, the month of June presented a lot of hope for the gaming industry as the state authorities as well as the gaming operators worked towards returning things to normalcy. While things did not really go back to the way they were before the pandemic, the industry has adjusted quite well to what has been defined as the new normal. A lot of safety measures are now in place to prevent any further spread of the virus.

All but one of the state’s land-based casinos reopened their doors in June and cumulatively, they brought in $74.1 million. Slot machine brought in a whopping $62.4 million. This was from the available slots and table games. $74.1 million is definitely a huge drop from what was recorded during the same period last year but considering all that has been going down, it is safe to say that things are looking up for the Pennsylvanian gambling industry,

Online Gambling Revenue Dips

Since the retail gambling facilities in the Keystone State shut down, online gambling has been on the lead bringing in millions of dollars. However, for the first time since then, the sector posted a revenue drop – in May, the online gambling industry brought in $55.8 million while in June this dropped to $50.1 million. In fact, this was the first drop of any kind since the nascent iGaming industry took off several months ago.

This drop has been attributed to the reopening of retail gambling venues which means that gamers are no longer restricted to placing their bets online. While this might be true, there are still very high hopes for online gambling in Pennsylvania.

Bright Future for Sports Betting

Sports betting was one of the sectors that took the hardest hit from the lockdowns due to the suspension of sporting activities from all around the world. There was a glimmer of hope in July as sportsbooks began to offer odds on a variety of markets. The state is now looking forward to an even more fruitful industry as plans for the resumption of major sports leagues intensify.

Latest Headlines

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Mohegan Digital Debuts New iGaming Option in Pennsylvania

Mohegan Digital, a pioneering force in the gambling industry, has recently unveiled its newest offering, an immersive online casino experience developed exclusively for the state of Pennsylvania. This marks yet another great development for the state’s lucrative iGaming sector. The launch is a triumph of ingenuity and complexity, and it was created under the capable […]

Online Gambling and Credit Card Debt Amid Pennsylvania’s Growth Streak

Pennsylvania State Senator Wayne Fontana (D-Allegheny) is advocating for stricter regulations on online gambling payment options, citing concerns about rising credit card debt among players. Now that online gaming and sports betting have joined Pennsylvania’s traditional brick-and-mortar casinos as part of the state’s gaming expansion, Fontana is spearheading a legislative effort to revise the regulations […]

Supremeland Makes US Market Debut with Pennsylvania License

The Pennsylvania Gaming Control Board (PGCB) has granted an interim license to Supremeland, a prominent gaming provider, allowing it to join the US market for the first time. This interim license is a common step in obtaining a license in the lucrative Keystone State gaming market. Supremeland joins the ranks of other successful applicants who […]

Similar Stories in Gambling

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Online Gambling and Credit Card Debt Amid Pennsylvania’s Growth Streak

Pennsylvania State Senator Wayne Fontana (D-Allegheny) is advocating for stricter regulations on online gambling payment options, citing concerns about rising credit card debt among players. Now that online gaming and sports betting have joined Pennsylvania’s traditional brick-and-mortar casinos as part of the state’s gaming expansion, Fontana is spearheading a legislative effort to revise the regulations […]

Supremeland Makes US Market Debut with Pennsylvania License

The Pennsylvania Gaming Control Board (PGCB) has granted an interim license to Supremeland, a prominent gaming provider, allowing it to join the US market for the first time. This interim license is a common step in obtaining a license in the lucrative Keystone State gaming market. Supremeland joins the ranks of other successful applicants who […]