Crissa Shoemaker DeBree
| Bucks County Courier Times
More than $320 million in revenue was generated by the state’s casinos last month, generating $130 million in taxes, the board said.
The gains in sports betting and internet gaming offset double-digit decreases in slot machine and table games revenue for the month. Slot machine revenues dropped 17% to $154.7 million, while $63.3 million came in from table games, down 13%.
Due to COVID-19 restrictions, Pennsylvania’s casinos have operated at reduced capacity since reopening in June following a three-month shutdown.
Valley Forge Casino Resort in Montgomery County, which reported the highest sports betting revenue at $15.6 million, saw its overall revenue more than double, to $35 million.
In Philadelphia, Rivers Casino reported an overall revenue jump of 29%, to $39 million, while Harrah’s Philadelphia saw revenues drop nearly 9%, to $18.5 million. The new Live Casino Philadelphia, which is operating only online, reported $278,463 in revenues.
October was the first month that online and retail sports betting surpassed $500 million in wagers, according to PlayPennsylvania, an online gaming research and marketing firm. Sports betting was legalized in the state two years ago.
“Local interest is a clear factor in the swell in betting this fall, pushing Pennsylvania to a record with a sports schedule in October that more resembled normal than any since March,” said Dustin Gouker, lead analyst at PlayPennsylvania.com, said in a statement. “Pennsylvania could conceivably catch Nevada in a matter of months to become the nation’s No. 2 market, especially if the Steelers continue to roll and the Eagles can somehow make a playoff run to spike local interest.”