The Keystone State continues breaking records in revenues as the numbers roll in for the start of the year.
January saw PA’s highest revenue in iGaming to date, bringing in $80.4 million. This is the seventh consecutive month the state has seen record-breaking numbers and a 12% increase from December’s revenue.
These numbers are fantastic news for PA players as online casinos have only been live in the state since 2019.
In 2019, the total revenue from online casinos came in at just $1.4 million. But by January 2020, that figure had grown ten times over to $13.7 million.
By the end of the year, iGaming had brought in over $565 million in total revenue to the state.
The total year-on-year change was a whopping 574% increase.
In January 2021, Pennsylvania online casinos brought in $105.8 million in total revenue.
Online slots continue to rule the roost when it comes to the most popular games for PA players.
However, table games have seen a continuous increase in popularity over the past few months. Revenue on table games is up 380% compared to 2020.
Penn National Gaming’s Hollywood Casino is seeing great success this year, generating $27.6 million in revenue so far. $16.2 million came from online slots while $11.4 million came from table games. $21 million of this came solely from Rush Street Interactive.
Much of the success in 2020 was contributed to the ongoing pandemic and land-based casinos either closing or operating at limited capacity.
As restrictions are lifted, vaccines are administered, and life returns to normal, will the online casino industry continue to thrive?
All signs point to yes!
Market analysts believe that 2021 will be another banner year for iGaming not just in PA but throughout the US and internationally.
This is due to online casinos investing heavily in their mobile apps, and more players continue to find the joy and convenience of playing their favorite casino games on their mobile devices.
As the industry continues to become more innovative, the numbers are only expected to continue to rise in both total players and total revenue.