As reported by PlayPennsylvania, on June 20, the Pennsylvania Gaming Management Board (PGCB) formally uveiled the revenue figures for Pennsylvania on-line casinos for Might, which confirmed that on-line on line casino operators in Pennsylvania accrued $170.4 million in Might income. Nevertheless, this revenue was ranked because the second-best on-line on line casino income complete within the state’s historical past.
Greatest on-line on line casino market in USA:
Pennsylvania noticed income in extra of $160 million for the sixth consecutive month, and for the the second time in three months the state topped $170 million, confirming Pennsylvania’s place because the main marketplace for on-line casinos within the US. Moreover, it has damaged US iGaming data in 4 of the final eight months. Nevertheless, within the different 4 months, it didn’t break the file, however the income determine reached the second highest complete quantity.
On this regard, PlayPennsylvania Managing Editor, Chris Imperiale, mentioned: “Pennsylvania on-line casinos totaled $170.4 million in gross income in Might. This marks the sixth consecutive month with greater than $160 million in earnings, reaffirming Pennsylvania’s place as the highest marketplace for on-line casinos throughout the US, beating out different notable states like Michigan and New Jersey. Might completed about $11 million shy of the all-time income file, however elevated figures virtually 25% yr over yr. It’s doable that the slower sports activities betting interval we’re at present in might drive much more on-line on line casino gaming and income going ahead. Since October, Pennsylvania has damaged the US on-line on line casino income file 4 occasions.”
Might 2023 Income Overview:
Through the income evaluation, on-line slots generated the best revenue at $130 million. The second finest is desk video games revenue of $37.9 million, adopted by on-line poker revenue of $2.5 million.
Nevertheless, that is nothing new as on-line casinos in Pennsylvania reported an honest revenue as of October 2022. On this sense, the revenue was:
- October 2022: $151.7 million (US iGaming file)
- November 2022: $155.9 million (US iGaming file)
- December 2022: $166.9 million (US iGaming file)
- January 2023: $160.3 million
- February 2023: $162.3 million
- March 2023: $181.5 million (US iGaming file)
- April 2023: $167.2 million
- Might 2023: $170.4 million
Moreover, to take a deeper have a look at Pennsylvania’s on-line on line casino revenue progress, PA operators accrued simply $136.8 million in revenue final Might, growing earnings by 24.6% this Might.
On-line on line casino revenue stronger than sports activities wagering:
Nevertheless, on-line on line casino revenue in Pennsylvania is way stronger than sports activities wagering. In a down month for PA sportsbooks, on-line operators accrued $14.8 million in taxes in comparison with $53.7 million from on-line casinos. As well as, on-line casinos are required to pay almost $50 million or extra in taxes to the federal government each month.
