Pennsylvania Gaming Segment sets new monthly GGR record

Pennsylvania Gaming Segment sets new monthly GGR record

Pennsylvania’s gaming industry enjoyed a robust growth in terms of revenue in July 2021, when the state’s casinos and other gaming properties reported record gross gaming revenue (GGR) of $420 million.

According to figures released by the Pennsylvania Gaming Control Board (PGCB), GGR from all verticals jumped to $423.65 million in the month of July this year. It was Pennsylvania gaming industry’s best performance since November of 2006, when the state granted legal status to casino bets.

In May, the Keystone State had reported a record GGR of $413.18 million. But, that monthly record could not last long as the industry broke that figure and set a new one.

It is worth-mentioning here that Pennsylvania’s gaming industry has enjoyed an unprecedented growth in the past years, becoming the second-largest in the entire United States. Nevada’s gaming industry continues to maintain its top position. In July, the Keystone State operated 13 commercial land-based casinos in addition to iGaming, mobile sports betting, daily fantasy sports (DFS), and video gaming terminals (VGTs) at truck stops.

The gaming industry across the U.S. suffered hefty losses due to COVID-19 pandemic-induced lockdowns and subsequent restrictions, but the brick-&-mortar gaming venues in the Keystone State are no longer subject to curtained capacity and occupancy limits. Even indoor smoking sections have been allowed once again and the slot machines that were suspended to ensure social distancing have been brought back into action.

With a GGR of $64 million, Parx Philadelphia topped the list of biggest earners in July 2021. Hollywood Penn National grabbed the second spot by generating $53.6 million. Rivers Philadelphia, Wind Creek Bethlehem, and Valley Forget ranked third, fourth and fifth with GGRs of $50.2 million, 43.9 million and $35.3 million, respectively.

Table games made a substantial contribution to driving the record monthly revenue. Table games in brick-&-mortar venues kept $86.9 million of gambling enthusiasts’ bets, marking a surge of 65.5 per cent year-over-year. Last month was the best single month for table games in the state since 2010.

Slot machines also fared well. In July, slot machines generated GGR of $222.8 million, up 35 per cent from July 2020. Sportsbooks earned $19.8 million, while VGTs generated revenue of $3.7 million, up 81 per cent year-over-year.

The Keystone State’s iGaming sites also fared well. Online slots generated $63.2 million, while interactive tables and online poker kept $22.8 million and $2.6 million of gamers’ bets.