Pennsylvania's gambling income went up 10.7% in April thanks to growth in online gaming.
In April, Pennsylvania's iGaming income came in just short of a monthly record high.
Pennsylvania's gambling income in April
Pennsylvania's gambling income rose 10.7% year-over-year in April, following 10 percent growth in the state's online gambling market.
In April, the different types of legal games brought in a total of $558.7 million in sales. This was more than the $504.7 million made in the same month last year, but it was still $2.8% less than March's record-setting $574.5 million.
Trends seen in the past few months continued in April, with iGaming once again being the main source of the rise in income, according to the Pennsylvania Gaming Control Board. Sports betting income stayed the same from one year to the next. On the other hand, the land-based market had mixed news: slots income went down while table games income went up.
A nearly record amount of money made from online games
Online slots, table games, and poker brought in a total of $227.7 million, starting with iGaming. This was 31.3% more than the same time last year and only 4.4% less than the record amount for March, which had one more day.
The money made from online slots went up 34.5% to $169.5 million, and the money made from online table games went up 24.2% to $55.9 million. Online poker brought in an extra $2.3 million, which is a 2.8% drop.
The Hollywood Casino at Penn National Race Course and its online gaming partners stayed on top of the iGaming market. In April, sales went over $83.2 million, which is a 33.5% rise.
Valley Forge Casino Resort came in second with $66.7 million, which is 38.8% more than that year. There was a 17.1% rise at Rivers Casino Philadelphia, which came in third with $35.9 million for the month.
Level of sports betting in Pennsylvania
When people bet on sports, they made $42.5 million. This is a little more than last year and a lot more than March. Online betting brought in more than $41.2 million, and store betting brought in $1.4 million.
Handle in Pennsylvania was $711.6 million per month in spending. This was 10.1% better than last year and also better than March. The national hold was 5.97%.
With the help of Valley Forge Casino Resort, FanDuel was once again the market winner. It made $20.1 million in cash sales on a $269.8 million handle, which is a 7.45% hold.
The relationship between DraftKings and Hollywood Casino at the Meadows put it in second place, but only by a small margin. It lost $12.1 million out of $185.6 million, which is a 6.52% hold. Bet365, which is connected to Presque Isle Downs and Casino, came in third with $1.9 million out of $34.2 million, giving them a 5.56% lead.
In other places, ESPN Bet and Hollywood Casino at Penn National made $1.7 million out of $32.1 million, which is a 5.3% hold. They were also in the running with $1.5 million off $60.1 million for a 2.5% hold through their partnership with Hollywood Casino Morgantown.
Good and bad news for land-based gaming
When it comes to retail, Pennsylvania's biggest source of gambling revenue is still land-based slots. But the $203.1 million made in April was only 1.2% of what was made in the same month last year. The income from retail table games, on the other hand, went up 2.8% to $80.6 million.
The money made from video game terminals at approved truck stops went down by 3.6%. But money made from fantasy sports went up by 2.3% to $1.3 million.
In April, legal gaming brought in $234.5 million in taxes for Pennsylvania. This was made up of $100.8 million from online gambling, $15.3 million from sports betting, $102.8 million from land-based slots, and $13.5 million from retail table games.
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