Gross gaming revenue at online casinos in Pennsylvania topped $100m for the fourth consecutive month in June, even though it fell compared to May, according to PlayPennsylvania.
Coming in at $100.8m, down from $110.8 the previous month, June’s GR produced $88.9m in taxable revenue, down from $101.3m in May, and $37.2m in state and local taxes.
For fiscal year 2020-21, Pennsylvania’s online casinos and poker rooms generated $1.1bn in GGR, up 259.8 per cent from $297.3m in FY 2019-20. In addition, $897.2m in taxable revenue, up 272.5 per cent from $240.9m in FY 2019-20 and $372.7m in state and local taxes, up 283.4 per cent from $97.2m in 2019-20.
“The growth of online casinos over the past 15 months has forever altered the landscape of Pennsylvania’s gaming industry,” commented Valerie Cross, analyst for PlayPennsylvania.com. “The potential of Pennsylvania was obvious from the start. But the expansion over the last year to the cusp of becoming the largest online gambling market in the country, capable of generating more than $1bn in revenue in a single year, has been remarkable.”
Wagering at Pennsylvania’s online and retail sportsbooks dropped for a third consecutive month, but that didn’t stop sportsbooks from making significant revenue gains as the summer offseason trudged on.