Pennsylvania has one of the biggest gambling markets in the country. With online and mobile sports betting expected to launch in June 2019, it is only going to grow. Not only will sports betting be launched, but so will online poker and casino games. In Pennsylvania the license covers all online aspects. One license enables an operator to offer sports betting, casino games and poker online.
Here is a breakdown of Pennsylvania’s Sports Betting & Casino revenue for April 2019. This information can be found on the Pennsylvania Gaming Control Board website: Sports Betting Report & Slots Revenue Report.
PA Sports Betting Revenue
Every sportsbook across the state took a drop in April compared to March, due to the end of March Madness. The only sportsbooks to see an increase from March to April were the two Valley Forge sportsbooks. The Valley Forge sportsbooks opened in March and were not fully operational for the entire month. All eight locations were in operation for the full month of April.
State tax is 34 percent of revenue and local shares of 2 percent.
Rivers Casino saw a drop of over $3.7 million in handle for April. Revenue was down nearly $470K. These were the biggest drops of the month for any Pennsylvania sportsbook.
SugarHouse saw a modest drop of $1.3 million in handle from March to April. Although, revenue was down $450K.
Parx Casino handle dropped $1.1 million and revenue was only down $77K. The Parx had the least drops of any Pennsylvania sportsbook in April.
Hollywood Casino at Penn National Race Course
Hollywood Casino at Penn National Race Course saw a drop of $1.4 million. Revenue was down $160K. Hollywood had the lowest hold percentage of any Pennsylvania sportsbook in April.
Valley Forge Casino Resort
Valley Forge Casino Resort saw handle increase by $1 million. However, revenue decreased by $70K despite the increase in handle.
Harrah’s Philadelphia saw their handle drop $1 million. Revenue was only down $44K.
South Philadelphia Race and Sportsbook
South Philadelphia sports betting handle dropped $950K and revenue was down $93K.
Valley Forge Race and Sportsbook
Valley Forge Race and Sportsbook saw a handle increase of $835K, more than double what it had in March ($706K). Revenue was up $75K.
Across the state, sports betting handle was down nearly $8 million. Revenue was down nearly $1.3 million.
State Tax (34% of adjusted gross revenue): $1,435,304
Local Share Assessment (2% of adjusted gross revenue): $84,430
Mohegan Sun slot wagers dropped over $22 million and payouts were down $20 million.
Parx slot wagers were down $53 million and payouts dropped $48 million.
Harris Philadelphia slot wager dropped $30 million and payouts decreased $26 million.
Presque Isle saw a drop in slot wagers of $15 million and payouts down $14 million.
The Meadows saw slot wagering drop $29 million and payouts drop over $26 million.
Mount Airy saw a small drop of $7 million in slot wagers and $6 million in payouts.
Penn National slow wagers dropped nearly $28 million and payouts were down $25 million
Sands Bethlehem saw a big drop in slot wagers, a total of nearly $42 million. Payouts were down $38 million.
The Rivers saw the biggest drop, $47 million. Payouts were down nearly $43 million.
SugarHouse slot wagers were down $25 million and payouts decreased by $22 million.
Valley Forge slot play dropped $15 million and payouts dropped $14 million.
Nemacolin saw $2.4 million less in slot play and $2.2 million less in payouts.
Statewide Pennsylvania saw a huge drop in slot wagering, down more than $315 million from March. Payouts were down almost $284 million.
Pennsylvania Casino Revenue Future
The numbers were down across the board, whether it was sports betting, slots, or even table games. March Madness no doubt is a big reason for this. Pennsylvania still doesn’t have online sports betting launched, so sports bettors had to make their way to the casinos in order to bet. That, in turn, helped generate more revenue on the slots and tables. Now with the three-week-long event over, casinos are seeing less traffic.
Online casinos, poker, and sports betting are all expected to launch very soon in Pennsylvania, possibly even in June. This will help increase revenue for all of those who are licensed to operate online. With the NBA Playoffs and the MLB season in full swing, May should produce better numbers for Pennsylvania. June, July and August’s numbers will depend on when these casinos get their online products launched.
Once the 2019 NFL season kicks off in Septembers we will begin to see the biggest sports betting months in Pennsylvania’s short history with legal sports betting. Nearly all, if not all, casinos that are licensed in the state should be online by then. We will finally get to see what a fully mature Pennsylvania gambling market will look like.