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Pennsylvania gaming revenue leaps 162.7% in March reaching a new record high of $403.2m

Posted:: Apr 19, 2021 17:48 Category: Americas , Online , Sportsbetting , Posted by Maria

Online and retail sportsbooks surged to second-highest monthly volume in state history

Pennsylvania casinos reported a 162.7% year-on-year increase for the month of March. This revenue amounted to $403.2m (£292.4m/€336.3m) and is comprised from online casinos, slots, sports betting, fantasy sports, video gaming terminals and land-based table games. This revenue has undoubtedly shattered past records.

PennsylvaniaIn March last year casinos saw the GGR reach $153.5m marking this year’s revenue as a significant uptick from last year’s. When compared to February this year, the revenue was also higher as in the previous month casinos generated $302.0m in revenues.

Valerie Cross, analyst for PlayPennsylvania.com said “The year-over-year gains in revenue are staggering,”

The pandemic-related shutdowns of the state’s retail casinos changed bettor behavior for the foreseeable future. This is evident as online casino gaming keeps setting records, even as brick-and-mortar restrictions are eased.”

Online and retail sportsbooks collected $560.3m, in bets, which is up 326.6% from the previous year. This revenue totalled together produced 10m in state taxes $587,047 in local share assessment. So far since their launch Pennsylvania sportsbooks have generated $506.7m in gross gaming revenue.

Dustin Gouker, lead analyst for PlayPennsylvania.com said that “March’s results show just how important the NCAA Tournament can be in Pennsylvania and elsewhere, giving a huge boost to sportsbooks at a time when football is dormant.’

Get to know more about the US gaming landscape through our virtual roadshows. On 6th October SiGMA Group will revisit the US this time centered around New Jersey.

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