Online casino, sports betting ride to Pennsylvania’s rescue

Pennsylvania’s online gambling and sports betting revenue helped paper over the double-digit losses suffered by state casinos’ land-based slots and tables in November.

Figures released by the Pennsylvania Gaming Control Board (PGCB) show the state’s gambling licensees reported combined revenue of nearly $284.3m in November, down a modest 2.7% from the same month last year but a significant step back from October 2020’s $320.2m. 

Land-based slots revenue slumped 31.6% year-on-year to $129.5m while table games fell 30% to $52.3m as the state’s casinos continued to struggle under pandemic restrictions. The retail revenue slide will accelerate when December’s numbers are released, following their second state-ordered medical shutdown last Saturday that will extend into early January.

The outlook is significantly brighter at the state’s online casinos, which reported revenue of just under $59.8m in November, a new monthly record, although just barely, rising a mere $15k from October. Online slots brought in $39.4m, digital table games added $18m and the state’s lone online poker operator (PokerStars) contributed $2.4m.