Pennsylvania’s gambling revenue is rising with new online options

Three of Pennsylvania’s online gaming sites outperformed their four (4) other online sports-betting counterparts in August, while land-based gambling somehow managed to avoid being eaten by these mythical cannibals.

The figures released Monday by the Pennsylvania Gaming Control Board (PGCB) showed that the state’s three licensed online casino websites – Parx, SugarHouse and Hollywood – reported total sales of $ 3.43 million in August, their first full month. Earned dollars. The sum is more than four times the sum generated in the last half of July.

Online slots generated $ 2.5 million in revenue, of which the state claimed $ 1.36 million based on its Cockamamie 54-percent slot tax. Revenues from online table games totaled $ 903,000, a slightly lower tax rate of 16%. The state has not yet witnessed the denlanz of online poker operations.

SugarHouse is currently running on online casino revenue, claiming $ 1.65 million of August total, with Parx managing well back at $ 1.1 million and Hollywood just $ 684,000.

On the sports betting front, the sports books of the state handled combined bets of $ 109 million in August, compared to just $ 59.3 million in July and a new market high. The four licensed online sports books reported digital grip of $ 83.2 million, over 76% of the total. August winnings amounted to $ 2.54 million (after advertising credits), with government spending declining 36%.

The betting surge in August was partly due to the launch of FanDuel’s locally licensed operations on July 22, which claimed $ 35.3 million of the total monthly hand. PlaySugarHouse was pushed to second place with a $ 25 million digital reach. The numbers in September are likely to receive a similar boost from the September 4 launch of the Stars Group’s Fox Bet brand in partnership with the Mount Airy Casino.

In the meantime, the 12 casinos in the market, with their stationary slot machines and table operations, were not too bad. Revenues from the nationwide table game increased 4% to $ 76.2 million, while slots increased 2.2% to $ 206.3 million. And just so they do not feel like starving, we can not forget the modest $ 1.4 million the state fantasy sports operators have earned (+ 47% y / y).

Overall, the state’s gaming operations totaled nearly $ 290 million last month, about 6.3% more than in August 2018, and added another hole in the argument that online options are the traditional gaming industry. Reduce the verticals of a state.