Pennsylvania Gambling Market Sets Revenue Record
In the latest gambling news, the Pennsylvania Gambling Market shows us just how profitable it will be if you learn how to open an online casino and go live. Casinos in the state record a new monthly record in revenue at $554.6 million. The record month for iGaming in the state gives us a 7.6% year-over-year growth from March 2023. In addition, it is also 11.1% higher than February 2024’s $449.1 million.
When you use a casino pay per head software, you will be able to see which games are popular in your online casino. For casinos in Pennsylvania, slots were the most popular, generating $227.9 million in a month. Meanwhile table games are at $85.2 million. These are for retail table games and retail slots.
Pennsylvania Gambling Market: iGaming is Growing
Of course, online gambling is catching up as one of the fastest growing sectors in the gaming industry. In the US, not all states offer iGaming. Pennsylvania, however, allows its residents to play online casino games. And online gaming has a revenue of $191.1 million, which is 29% higher than the previous month. This is also the highest handle for iGaming in the state.
Similar to retail gaming, online slots are the most popular choice of players in the state, with a 29.3% increase in revenue at $145.5 million. Meanwhile, table games are up by 31.2% to $53.1 million. Meanwhile, online poker shows a decrease in revenue by around 14.4% to $2.5 million this March.
The numbers for gambling are actually higher than that of sports betting in the state, where revenue drops by 10% year-over-year to $45.6 million. Out of the total revenue, $42.3 came from online sportsbooks while $3.2 million come from retail sportsbooks. This shows that even with the growth in the sports betting industry, trends will easily pull the numbers up or down. iGaming, meanwhile, has a more stable performance throughout the year. So when you do open a sportsbook, make sure to include casino gaming in your portfolio.
