{"id":261,"date":"2024-06-27T13:54:10","date_gmt":"2024-06-27T10:54:10","guid":{"rendered":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/27\/pennsylvania-gaming-revenue-up-8-4-in-may\/"},"modified":"2024-06-27T13:54:10","modified_gmt":"2024-06-27T10:54:10","slug":"pennsylvania-gaming-revenue-up-8-4-in-may","status":"publish","type":"post","link":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/27\/pennsylvania-gaming-revenue-up-8-4-in-may\/","title":{"rendered":"Pennsylvania Gaming Revenue Up 8.4% in May"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tqVx_ESucac\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Commonwealth of Pennsylvania&#8217;s gaming earnings reached $447.8 million in May, an 8.4% rise from the same period last year.<\/p>\n<p>Pennsylvania&#8217;s gambling income in May was $447.8 million (equivalent to \u00a3363.8 million \/ \u20ac425.4 million), up from $413.2 million in May 2021, but down 3.2% from the record $462.7 million in April of this year.<\/p>\n<p>Land-based gambling remains the most favored form of wagering among consumers in the state, with retail slot machine revenue up 2.1% year-on-year to $205.7 million, and retail table game revenue up 14.7% to $88.6 million.<\/p>\n<p>Sports betting income increased by 26.2% to $35 million, but retail revenue was only $2.8 million, with $32.3 million attributed to online betting. The state&#8217;s betting handle also increased by 10.3% to $493.4 million.<\/p>\n<p>Valley Forge and its partner FanDuel remain the leaders in the sports betting market, generating $19.8 million in revenue from $193.4 million in bets.<\/p>\n<p>Meadows&#8217; Hollywood Casino Barstool Sportsbook came in second with $7.1 million in revenue on a $111.5 million handle, followed by Penn National&#8217;s Hollywood Casino and DraftKings, which generated $1.9 million in revenue from $34.4 million in bets.<\/p>\n<p>Turning to online casino activity, internet slot machine revenue increased by 16.3% to $78.2 million, while online table game revenue also saw a modest increase of 2.8% to $32.3 million, and online poker revenue increased by 8.0% to $2.8 million.<\/p>\n<p>Penn National&#8217;s Hollywood Casino leads the way in online gambling, with $45 million in revenue. <\/p>\n<p>A $5 million take surpassed the $26.9 million generated by the Rivers Casino Philadelphia, followed by the Valley Forge Casino Resort at $21.2 million.<\/p>\n<p>In other areas, video gaming terminal income increased by 1.8% to $3.7 million, but fantasy sports income decreased by 20.7% to $1.6 million, making it the only segment of the Pennsylvania market that didn&#8217;t experience growth in May.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commonwealth of Pennsylvania&#8217;s gaming earnings reached $447.8 million in May, an 8.4% rise from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - 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