Retail sports betting is already having an impact on PA casino bottom lines, but it will reach even further once online betting matures.
Pennsylvania experienced a slot revenue decline for the first time since October. That led to total casino revenue falling by 1% year-over-year.
March 2019 was a record-breaking month for PA casino revenue on a number of fronts, including overall slots and table games revenue.
Pennsylvania casino revenue held steady in February, even though there was an addition of a whole new vertical of sports betting revenue.
Slot revenue keeps going up at several Pennsylvania casinos, but the biggest of all is Valley Forge Casino, which is climbing the revenue ranks.
Sands Bethlehem revenue keeps slipping. In November it fell to third in slots revenue, as Rivers Casino asceneded to second.
Two of Pennsylvania’s top casino operators, Penn National and Parx, are preparing to launch sportsbooks in neighboring New Jersey via Freehold Racetrack.
October was a down month for Pennsylvania casino revenue, but the addition of sports betting revenue in November could quickly turn things around.
PA casinos held relatively steady on the revenue front in September, but expect at least some uptick when sports betting launches later this year.
Valley Forge has seen revenues soar after ridding itself of the Category 3 casino amentiy fee requirement. Lady Luck has oddly decided not to pay.