Pennsylvania online casino operators are continuing to find ways to launch new content. Spectrum Gaming Group, an independent research group specializing in legalized gambling policy, is reporting that the Pennsylvania market has added the equivalent of 13,000 slot machines to online platforms since the legalization of iGaming.
Online operators are growing at a rapid pace, both in the amount of operators and the revenue they generate. Pennsylvania is in a good spot, because retail casinos are at least remaining stable, too.
Pennsylvania online casino slot libraries expand gaming
PA online casinos have proven to make up the most robust market in the nation. The state has been busy as of late, launching two new operators over the summer, which helped set the second-highest revenue total ever in August at $171.9 million.
Over the last 11 months, Pennsylvania has set the online casino revenue record four times. March 2023 is the highest mark at $181.5 million.
To achieve those milestones, online operators have supplied players with fresh, unique content that has kept them coming back. Altogether, there are more than 8,000 slot games across 20 different platforms in Pennsylvania.
That number has obviously grown over the years. Analysts at Spectrum Gaming Group said operators have added the equivalent of more than 13,000 slot machines to the market. It’s an increase of more than 50% above the inventory of casino slots.
Spectrum Gaming Group reached that conclusion with the following explanation:
“We determined that number by applying the win per unit of casino slots to iGaming revenue, giving us an estimate of the number of ‘virtual slot machines.’”
Who has the largest Pennsylvania online casino slot library?
The Pennsylvania online casino industry is the largest in terms of revenue, but isn’t in terms of slot libraries. Michigan online casinos are approaching 10,000 slots in October, while Pennsylvania produces more than 8,000.
Only Borgata Casino PA offers more than 1,000 slots in the Keystone State. Michigan has four online platforms that have more than 1,000 slots. Here is the ranking of slot count in Pennsylvania:
- BetMGM Casino PA: 867
- PlaySugarHouse Casino PA: 750
- DraftKings Casino PA: 699
- BetRivers Casino PA: 691
Pennsylvania still outpaces Michigan in online casino revenue despite a slightly smaller number of games. However, the Keystone State continues to be innovative.
BetMGM just partnered with Atlantic Digital to debut “The Godfather” slot, along with other titles from popular TV shows and movies down the road. It has also recently unveiled a popular restaurant slot, Buffalo Wild Wings, as another way to connect a large brand to the players.
There have been several operators partnering with game developers to enhance and expand slot options for players.
Some of those deals include:
- Two new online slots inspired by classic games added to Bally Casino PA library
- Bragg Gaming debuted two new slots on PokerStars Casino PA and BetRivers
- Fort Knox Cleopatra added to FanDuel Casino PA
Those are just a few of the examples of ways operators are growing the slot sector of online gaming. Online casinos accounted for $1.53 billion of revenue last fiscal year, about 28% of the total gaming revenue.
The Pennsylvania market is not expected to slow down, with existing operators continuing to innovate and new operators eying the Keystone State.
Retail Pennsylvania casinos remain stable despite slot reductions and online growth
The retail industry had to battle through adversity to remain relevant and competitive in Pennsylvania. Not only is enduring a pandemic tough, but retail locations had to adjust because of the popularity of online casinos.
Pennsylvania casinos have invested $250 million since the pandemic to reinvent themselves as more than gambling facilities. There is now more entertainment in casinos than ever before, such as restaurants, bars, hotels, comedy shows, concerts and more.
Despite losing 950 slots since 2021, Pennsylvania casinos recorded the highest slot revenue ($2.45 billion) this past fiscal year since FY 2012/2013. They also generated $974 million in table games revenue, the second-largest total ever.
With a lot going against them, Pennsylvania casinos are still finding ways to be relevant. It makes the Keystone State a robust gambling state.