Pennsylvania Posts April Results, Reveals a Drop in Revenue
The Pennsylvania Gaming Control Board (PGCB) has posted the latest results, revealing that all 12 casino operators doing business in the states generated total revenue of $277.8 million in April.
This sum represents a drop of 1% when compared to the same month of the previous year, and more than 11% in comparison to March when casinos in the Keystone Stated generated a record-breaking $309.1 million in revenue.
Table games revenue in April improved by 3.7% to $77.4 million. Sands Bethlehem accounted for more than 25% of the overall share, with $22 million, followed by Parx whose revenue recorded a drop of 1.2% to $16.3 million.
Slots revenue dropped by nearly 3% to $200.4 million. Parx, which signed a deal with NetEnt back in February, led the way with $35 million (1.9% less on a yearly basis), while the second-placed Sands contributed with $25 million (a drop of 4.1% when compared to April 2018).
Sports Betting Needs an Improvement ASAP
Pennsylvania’s sports betting operators generated $4.22 million in revenue during the 30-day period ending on April 30, which is a significant drop of $1.3 million when compared to March. The total betting handle also fell, with $36.8 million being more than 17% less than in the previous month. Such a result is a reflection of the fact the NCAA March Madness had a huge impact on the results in March.
At this moment, eight venues in Pennsylvania offer sports betting to their customers, and they’ll be joined by the Mohegan Sun Pocono casino in the near future, whose sports betting was given the green light by the PGCB.
According to available information, the casino plans to launch its sportsbook by the time the new NFL season starts in September. The casino’s online sportsbook will be powered by Kindred Group’s Unibet Interactive, while the date of its launch is yet to be determined.
Digital Vertical Waiting to be Launched
Presque Isle Downs casino, owned by Churchill Downs Inc. has already received a sports betting license, but it hasn’t launched its betting operations yet. The launch has been scheduled for June 1, while its retail sportsbook will include 50 self-service wagering kiosks.
The online wagering options are scarce in Pennsylvania, although digital accounts for more than 80% in the legal betting market in neighbouring New Jersey. At this moment, it’s still too hard to say when these options will become available to bettors in the state. However, we can expect this to happen soon since a month ago it was said to be a matter of weeks.
In related news, the PGCB has announced it has issued a $90,000 fine on the operators of Rivers Casino in Pittsburgh for allowing individuals under 21 years of age to wager and consume alcohol within the casino premises. In addition to this, the SugarHouse Casino in Philadelphia was fined with $15,000 for serving 17 complimentary drinks to one customer over a period of 8 hours. The player was escorted out when it became clear he was too drunk to continue playing, although the police were called for assistance.