{"id":2204,"date":"2023-11-21T16:01:55","date_gmt":"2023-11-21T16:01:55","guid":{"rendered":"https:\/\/www.pennsylvaniacasinos.com\/news\/?p=2204"},"modified":"2023-11-21T16:01:55","modified_gmt":"2023-11-21T16:01:55","slug":"pa-sports-betting-posts-record-breaking-performance-in-october","status":"publish","type":"post","link":"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-sports-betting-posts-record-breaking-performance-in-october\/","title":{"rendered":"PA Sports Betting Posts Record-Breaking Performance in October"},"content":{"rendered":"\n<p>October saw a staggering increase in Pennsylvania&#8217;s sports betting handle, reaching an amazing $829.0 million. This mind-boggling sum was a notable 4.0% rise from the prior peak of $797.1 million, boosting the industry to an all-time high.<\/p>\n\n\n\n<p>A substantial 18.8% year-on-year gain in sports betting income, reaching $48.2 million, was propelled by the recent spike in sports betting activity, which notably influenced <a href=\"https:\/\/gamingcontrolboard.pa.gov\/?pr=1052\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow\">revenue data. <\/a>There was a total of $43.1 million from online wagers and $5.1 million from retail wagers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"other-sectors\">Other Sectors<\/h2>\n\n\n\n<p>Overall gaming income in Pennsylvania hit a remarkable $483.0 million in October, thanks to strong performance across many parts of the gambling sector. Compared to the same time last year, when it was $450.2 million, and to September 2023, when it was $476.3 million, this represented a significant 7.3% gain.<\/p>\n\n\n\n<p>Retail slots stood out among the other income sources, contributing a substantial 40.0% of the overall gambling revenue for the month, totaling $192.5 million. This was a little 3.3% drop from last year, although land-based table games had a 2.0% increase from the prior year, bringing in $81.5 million.<\/p>\n\n\n\n<p>Online slot machine revenue increased 27.2% to $109.8 million, revealing the growth factors in the online gaming industry. Online table games also saw a respectable 19.4% increase, reaching $42.6 million, while poker experienced a small decline of 5.8%, reaching $2.3 million.<\/p>\n\n\n\n<p>Overall, <a href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/online-gambling-continues-to-thrive-in-pennsylvania\/\">internet gambling<\/a> saw a jump in income to $154.8 million from slot machines, table games, and poker. Falling shy of September&#8217;s record-breaking $159.5 million, this was a considerable 24.3% gain over the previous year&#8217;s $124.5 million.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"casino-performance\">Casino Performance<\/h2>\n\n\n\n<p>A record-breaking $258.3 million in bets helped Hollywood Casino at the Meadows and Barstool reassert thei<strong>r <\/strong><a href=\"https:\/\/www.pennlive.com\/casinos\/reviews\/local\/\" target=\"_blank\" rel=\"noreferrer noopener\">market supremacy<\/a><strong>,<\/strong> resulting in 18.9 million in revenue. While Valley Forge and FanDuel handled $328.4 million, they only managed to bring in $18.2 million in revenue, falling below their September lead. Combined, Rivers Casino Pittsburgh and BetRivers won $2.3 million out of $33.5 million wagered, enough for third place.<\/p>\n\n\n\n<p>Among Pennsylvania&#8217;s online gambling businesses, Hollywood Casino at Penn National continued to dominate in October, earning $62.2 million. Rivers Casino Philadelphia and Valley Forge Casino Resort came in second and third with $35.4 million and $29.3 million respectively.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of Gaming Revenue<\/strong><\/td><td><strong>October 2023<\/strong><\/td><td><strong>October 2022<\/strong><\/td><td><strong>% Change<\/strong><\/td><\/tr><tr><td>Retail Slots Revenue<\/td><td>$192,519,568<\/td><td>$199,049,045<\/td><td>-3.28%<\/td><\/tr><tr><td>iGaming Slot Revenue<\/td><td>$109,835,907<\/td><td>$86,318,909<\/td><td>27.24%<\/td><\/tr><tr><td>Retail Tables Revenue<\/td><td>$81,458,654<\/td><td>$79,848,316<\/td><td>2.02%<\/td><\/tr><tr><td>Sports Wagering Revenue<\/td><td>$48,150,055<\/td><td>$40,514,020<\/td><td>18.85%<\/td><\/tr><tr><td>iGaming Tables Revenue<\/td><td>$42,637,039<\/td><td>$35,697,789<\/td><td>19.44%<\/td><\/tr><tr><td>Video Gaming Terminals Revenue<\/td><td>$3,406,170<\/td><td>$3,547,774<\/td><td>-3.99%<\/td><\/tr><tr><td>Fantasy Contests Revenue<\/td><td>$2,652,804<\/td><td>$2,771,894<\/td><td>-4.30%<\/td><\/tr><tr><td>iGaming Poker Revenue<\/td><td>$2,345,997<\/td><td>$2,491,217<\/td><td>-5.83%<\/td><\/tr><tr><td><strong>Total Gaming Revenue<\/strong><\/td><td><strong>$483,006,194<\/strong><\/td><td><strong>$450,238,963<\/strong><\/td><td><strong>7.28%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"October saw a staggering increase in Pennsylvania&#8217;s sports betting handle, reaching an amazing $829.0 million. This mind-boggling sum was a notable 4.0% rise from the prior peak of $797.1 million, boosting the industry to an all-time high. A substantial 18.8% year-on-year gain in sports betting income, reaching $48.2 million, was propelled by the recent spike [&hellip;]","protected":false},"author":9,"featured_media":1949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[36,67,80,97,108],"class_list":["post-2204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events","tag-gambling","tag-online-casino","tag-pgcb","tag-revenue","tag-sports-betting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PA Sports Betting Posts Record-Breaking Performance in October - PennsylvaniaCasinos.com News<\/title>\n<meta name=\"description\" content=\"A substantial 18.8% year-on-year gain in sports betting income, reaching $48.2 million, was propelled by the recent spike in sports betting activity, which notably influenced revenue data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pennsylvaniacasinos.com\/news\/pa-sports-betting-posts-record-breaking-performance-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PA Sports Betting Posts Record-Breaking Performance in October - 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