Pennsylvania’s online gambling industry is on fire!
Last month, the state’s legal online slots, poker, and table games brought in $112.5 million in revenue. That not only keeps the hundred-million-dollar streak alive but also keeps the current year on pace to be the strongest calendar period yet for the PA online gambling industry.
This is great news for Pennsylvania, as the money generated from online gaming not only benefits casinos but also helps support important state programs.
September Figures for Pennsylvania Casinos’
The gambling industry in the United States is continuing to grow, with regulated online casinos in Pennsylvania generating $112.5 million in gross revenue during September 2022. The Pennsylvania Gaming Control Board released the latest figures, which showed a significant 13.2% increase compared to the same month last year.
This also makes Key Stone State casinos generate nine-figure gambling revenue in eight of the first nine months of the current year. Only the July reports failed to breach the hundred million mark. Regulated online slots remain to be the most popular casino game as they accounted for $77.8 million winnings of operators or 69.1% of the total revenue.
Overall, PA casinos already retained $975.3 million through the first nine months of the year which is 16.7% compared to the $812.7 million in revenue from the same games during 2021.
Online casino revenue is having a great showing since the beginning of the year and is on track to breach the 1 billion mark this year and be the best year for online platforms.
Other Segments also Had a great September
In addition to online casinos, which have been performing well for quite some time, brick-and-mortar casinos and the sports betting industry also saw significant growth. Pennsylvania sportsbooks retained in a total of $50.2 million of bets, Table games generated $81.6 million, while the in-person slot machines earned early $200 million.
Overall, Gambling Industry in Pennsylvania won $448.5 million in September alone. With the industry going strong, other states will likely follow suit and legalize online gambling soon.
Growing US Online Gambling Industry
The growth of the industry is sure to continue, as more states are looking to legalize gambling, especially through online platforms. Currently, only six states in the US allow mobile gaming, namely, Pennsylvania, New Jersey, Connecticut, Delaware, Michigan, and West Virginia.
With more states likely to get on board like New York and Indiana, the gambling industry is sure to keep growing.
Sports betting can be one of the vital factors to consider it comes to deciding the legalization of online casinos in a state as sports betting can be seen as a glimpse of what online casinos will look like. the continuous growth in sports wagering also prepared operators for online casinos as the infrastructure is already there, making it easier for them to establish an online presence.