It’s no secret that the Pennsylvania gaming industry is booming. In October, gaming revenue in the state rose to $450.2 million, an increase of 10.5% from the same month last year. This rapid growth is due in part to new casinos opening up and existing casinos continuing to perform well. Notably, the amount wagered on Pennsylvania’s casino floor was also up by 12% from last year. The gaming industry has a big impact on the economy in Pennsylvania and beyond, so it’s important that policymakers keep a close eye on it in order to ensure continued growth.
That’s a 5.7 per cent increase compared to October 2021.
In October of this year, Pennsylvania’s gaming revenue reached a total of $.M. This is an increase of 5.7% when compared to October 2021. In fact, the past six months have seen gaming revenue grow by a cumulative total of 10%. The increase can likely be attributed to the legalization of online gambling in Pennsylvania in September and its subsequent uptake by players.
Gaming regulators believe that this type of growth is indicative not only of the state’s attractiveness to gamblers but also the robustness and security of the statewide gaming network. The Department also anticipates continued growth in online gambling as it becomes more readily available across platforms and devices.
Pennsylvania’s combined revenue from regulated gaming and fantasy contests reached $450.2m in October.
In October, Pennsylvania’s combined revenue from regulated gaming and fantasy contests reached $450.2m. This represents a 6% increase from September and a 12% increase from October of last year. The majority of this revenue comes from fantasy contests, which generated $361.1m in October. This is an 10% increase from last October and a 29% increase from October of 2016. The growth in fantasy contest revenue is likely due to the increasing popularity of these types of games among consumers.
Pocono Downs casino reports biggest month ever in October
The Pocono Downs Casino in Wilkes-Barre, Pennsylvania reports that October was their biggest month ever with gaming revenue. The casino attributed the success to a combination of new and returning players, as well as a variety of promotions and events. In addition, the casino saw an increase in slot revenue this month due to the popularity of popular video slots games such as Spiderman and Pirates Treasure Cruise.
Pennsylvania Lottery announces new games
The Pennsylvania Lottery has announced the release of four new games for next year: CashCrate, Mega Millions, Powerball and Lotto Plus 2. The new games join the current lineup of scratch tickets, casino games and instant lottery machines.
CashCrate is a daily bonus draw game that offers players the chance to win cash prizes ranging from $10 to $1 million. Players can enter by filling out a short entry form and then claiming their prize through the CashCrate website or app. Mega Millions features two main draws–the regular Mega Millions and the Millionaire’s Megamix–plus more than 100 additional drawings for smaller prizes. Powerball is the biggest jackpot ever offered in North America, with a minimum prize of $20 million and a potential prize of $1 billion. Lotto Plus 2 offers players an enhanced version of the popular Lotto game, with more chances to match all six numbers (instead of just five) to win a prize.
“We’re excited to offer these new games to our players next year,” said Pennsylvania Lottery Executive Director Michael Yenni. “The addition of these fun and exciting options will help continue to make Pennsylvania one of the top jurisdictions in which to play lottery.”
PA Gaming Control Board approves four new casinos
The Pennsylvania Gaming Control Board (PGCB) has approved four new casinos in the state. The new casinos will be located in Harrisburg, Lancaster, Jersey Shore, and York. The revenues from October saw an increase of $8 million over September.
PA’s five Indian reservations receive $25 million in gaming revenue
The Pennsylvania Gaming Control Board (PGCB) released its monthly gaming revenue report for October. According to the numbers, five of the state’s six Indian reservations – including three in Chester County – were each responsible for bringing in $25 million in gaming revenue during the month. The only reservation not to rake in any funds was the Eastern Band of Cherokee Indians located in North Carolina. The month of October is typically one of the slower months for casinos due to the Thanksgiving holiday, but it looks like the reservations’ success with slots and table games was enough to keep them afloat. Meanwhile, all other Pennsylvania casino operators saw their revenue decrease by over $4 million compared to September.