Pennsylvania Casinos Hit Another Monthly Revenue High
Casinos in Pennsylvania continue to see record high revenues despite the ongoing threat of the COVID-19 pandemic.
Over the past few months, casinos across the United States and the world have been trying to recover from the closures and limited services due to the pandemic. With services back to normal for the most part, casino operators are hopeful that revenues will start coming in to make up for the losses from 2020 and early 2021. For Pennsylvania, the gaming venues of the Keystone State have been on fire, hitting record highs month after month. The recent July totals are a prime example as to how well the state is doing.
New Monthly High
Previously, the latest monthly high for the state came in May when $413.18 million was generated. July was much better, bringing in $423.65 million. The Pennsylvania Gaming Control Board recently provided the monthly totals, revealing the new record high. The month is the best for casinos since gaming began back in 2006.
Currently, casinos in the state are functioning without any COVID-19 restrictions. How long that will last is anyone’s guess, but for right now, that’s where it stands. With full service offerings, players are traveling to the venues to take advantage of dining, drinks, casino games, and more entertainment.
Indoor smoking is allowed again, which brings back patrons who wish to smoke while playing games. Slot machines that were closed down due to the need for social distancing have been turned back on, which provides more spots for players and of course, more revenues.
Table games are now offering full seating once again and it is helping. Last month, table games were up over 65% from the previous year and a 13% increase from July 2019. The month was actually the best for table games in the history of the industry.
Slots continue to do good as well, bringing in over $222 million. This as a nice year-over-year increase of 35%. When compared to two years ago when things were normal, the percentage is about 11.5% better. Sports betting also increased, with books bringing in just under $20 million in wagers. This is a huge 144% jump from the previous year.
Online casinos also continue to bring in large revenue numbers, with July being a solid month. Online slots generated over $63 million while online poker brought in $2.6 million. Interactive table games provided just under $23 million. Altogether, the iGaming industry brought in just over $88 million. This was a more than 60% increase from the same month last year.
The big earner for Pennsylvania in July was Parx Philadelphia. The casino was able to bring in $64 million, the largest portion for an operator in the state. Hollywood Penn National came in second with just over $53 million. Rivers Philadelphia was a close third with $50.2 million. Wind Creek Bethlehem dropped considerably at just under $44 million.
The casino resort used to maintain the top spot when it was owned by the Las Vegas Sands. The casino was purchased in 2019 by the Poarch Band of Creek Indians of Alabama for over $1 billion. While the new owners have changed things up, it does not seem to be enough to maintain that top position.
It will be interesting to see if the state will be able to hold on to its high revenue numbers. Will the number of positive COVID cases increase and cause restrictions to appear once again? Only time will tell if the casinos will continue to see the high number of visitors and outstanding revenue numbers. The totals are needed, especially after a rough 2020.