The summer months bring slow times to the gambling industry, but Pennsylvania online casinos remain as strong as ever. The Pennsylvania Gaming Control Board (PGCB) reported that online casino operators registered $157.1 million in revenue in July.
While that number marked the first time below $160 million since November 2022, it still outperformed New Jersey’s $155.2 million. Pending Michigan’s July revenue, online casinos in Pennsylvania could post more robust iGaming numbers than both states for an entire year, last falling behind them in July 2022.
PlayPennsylvania Managing Editor, Chris Imperiale, said:
“Pennsylvania online casinos actually had one of their worst showings in some time, but still generated a strong $157.1 million in gross revenue this July. This marks the first time in eight months that the state didn’t reach the $160 million mark. Despite earnings dropping about 4.4% from last month, they increased more than 27% year over year. Even with the slower month, the PA market is clearly the leader in the US and should continue to see quality results in August before the NFL season gets underway.“
Breakdown of July 2023 revenues
- Online slots revenue: $119.1 million
- Table games revenue: $35.4 million
- Online poker revenue: $2.6 million
Full July revenue breakdown by PA casino licensee below.
PA online casinos continue their dominance
Pennsylvania’s online casinos have broken US iGaming records four times since October 2022 as they have found a new baseline above $150 million in monthly revenue.
- October 2022: $151.7 million*
- November 2022: $155.9 million*
- December 2022: $166.9 million*
- January 2023: $160.3 million
- February 2023: $162.3 million
- March 2023: $181.5 million*
- April 2023: $167.2 million
- May 2023: $170.4 million
- June 2023: $164.3 million
- July 2023: $157.1 million
*indicates US iGaming record
Quick analysis from July PA online casino figures
- July’s numbers may be the lowest of the year, but they are still up 27% from the $123.2 million they posted a year ago. July produced the lowest revenue totals in 2022 and should do the same in 2023, leaving a chance at surpassing $2 billion in 2023 online casino revenue. PA’s online casinos need to average $167.7 over the last five months to make it happen.
- Action increased significantly in table games and slots. Table games’ $35.4 million revenue grew 48% from $23.9 million a year ago, and slots’ $119.1 million represented 23.3% year-over-year growth from $96.6 million.
- Online casinos are a cash cow for Pennsylvania, second only to retail slots. Online slots outperformed retail table games ($86.7 million), and total iGaming revenue nearly doubled retail table games.
| Licensee | Total Revenue | Slots | Tables | Poker | Promos | Taxes |
|---|---|---|---|---|---|---|
| Hollywood Penn National | $62,697,324 | $45,524,756 | $16,826,032 | $346,536 | $8,304,663 | $22,845,456 |
| Valley Forge | $34,890,032 | $24,400,719 | $10,489,313 | $0 | $5,668,830 | $11,793,510 |
| Rivers Philadelphia | $32,515,831 | $28,954,975 | $3,443,000 | $117,856 | $5,690,751 | $13,132,239 |
| Harrah's Philadelphia | $6,258,995 | $4,355,890 | $1,312,205 | $590,900 | $567,457 | $2,348,648 |
| Mount Airy | $5,425,753 | $2,991,375 | $849,797 | $1,584,581 | $1,310,978 | $1,294,638 |
| Parx | $5,152,590 | $4,301,886 | $850,704 | $0 | $587,098 | $2,142,098 |
| Live Philadelphia | $4,024,012 | $3,279,906 | $744,106 | $0 | $588,470 | $1,572,433 |
| Wind Creek | $2,688,580 | $2,458,826 | $229,754 | $0 | $825,619 | $918,692 |
| Bally's | $1,946,321 | $1,759,953 | $186,368 | $0 | $503,786 | $708,149 |
| Mohegan Pennsylvania | $1,495,437 | $1,060,944 | $434,493 | $0 | $187,225 | $541,326 |
| Total | $157,094,874 | $119,089,229 | $35,365,772 | $2,639,873 | $24,234,878 | $57,297,185 |
