The ongoing success in the Pennsylvania online casino market is continuing at quite a pace, with the latest set of numbers showing high revenue once again. September saw the region hit a new earnings record of $187.3 million, and October was similarly high, with $186.9 million being accrued.
Earnings in the state are above and beyond that national average, and those in the state who want to make their experience all the sweeter can do so with this incredible FanDuel casino promo code, which will help you get more bang for your buck.
The surge in revenue in PA is further proof that the market is strong, and PlayPennsylvania’s Managing Editor, Chris Imperiale, believes this is just the tip of the online casino iceberg, stating,
“Pennsylvania online casinos once again had a stellar performance during the month of October. Coming off a record-setting September, PA online casinos just missed posting a new high, producing more than $186.9 million in gross revenue.”
“The noteworthy showing saw earnings drop just slightly from the prior month; however, revenue was up over 23% from October 2022. The state’s platforms have now exceeded $160 million in 10 of the last 11 months. October also pushed lifetime online slot revenue beyond $4 billion. It’s clear the Pennsylvania online casino market is thriving at the moment and has no reason to slow down going forward.” Imperiale added.
A breakdown in the numbers of October shows, unsurprisingly, that slots garner the lion’s share of the revenue, making up an astonishing 75.9% of the total, with table games covering another 22.8% and the remaining 1.3% coming from online poker.
Online casino revenue is broadly up everywhere it is allowed, which is currently just six states: Connecticut, Delaware, Michigan, New Jersey, West Virginia, and Pennsylvania (with Nevada not included in this list on account of only internet poker being allowed), and there is much discussion as to why this list of states is not expanding faster.
In the decade that New Jersey has allowed internet casino action, it has generated a massive $7 billion in revenue, and that has led to more than a billion dollars in tax revenues for the state’s coffers.
On the subject of this lack of expansion, the Managing Director of gambling analytics company Eilers & Krejcik, Chris Krafcik, believes “Online casino has always been a tough sell. ”
Issues for this could be down to a state’s legislators having moral issues against such a move towards allowing legalized online casino action while there is some blowback from the operators of brick-and-mortar offline casinos, worried about how it may impact their bottom line.
Revenue in Pennsylvania since July 2019 is at $4.34 billion, which puts them ahead of Michigan, Connecticut, West Virginia, and Delaware.
During the coronavirus pandemic, the usage of online casinos increased and offered users an alternative to the offline alternative, and the ongoing success of this option is clearly a sign of things to come.