August a Strong Month for Pennsylvania Sports Betting and iCasino

August a Strong Month for Pennsylvania Sports Betting and iCasino
By Bill Ordine
Fact Checked by Pat McLoone

Pennsylvania sports betting and iCasino action, both slots and table games, had revenue increases in August.

The August total sports betting handle, mobile and retail, was more than $363 million, up 7.9% from July ($336.51 million) and up 4.2% from August 2021 ($348.52 million).



Pennsylvania Sports Betting, August vs. July

 
Total HandleMobile Handle Gross Revenue
August $363.047M $333.099M $33.953M
July $336.508M $311.525M $25.445M
Change Up 7.9% Up 6.9% Up 33.4%

 

Mobile Sports Is Bettors’ Choice

For Pennsylvania sports betting apps – which make up 91.8% of the sports gambling market in the commonwealth – the handle was a little more than $333 million, up 6.9% from July ($311.53 million) and up 4.7% from August 2021 ($318.13 million).

The August gross sports betting revenue (taxable) was $33.95 million, up 33.4% from July ($25.44 million) and up 88.6% from August 2021 ($18 million).

State tax revenue generated from sports wagering during August 2022 was $11.54 million.

Online Gaming Climbs

For Pennsylvania online casinos, meaning online slots and table games, the numbers were all upward.

The August interactive slots handle was $2.174 billion, up 1.6% from July ($2.149 billion). The interactive slots gross revenue was $75.72 million, up 5.3% from July ($71.91 million).

The August interactive banking tables handle was $1.755 billion, up 4.4% from July ($1.681 billion). And the interactive banking tables gross revenue was $28.72 million, up 20.2% from July ($23.9 million).

Pennsylvania is one of a handful of states offering online casinos. The others are New Jersey, Delaware, West Virginia, Connecticut and Michigan.

Those states, plus Nevada, offer online poker.

Casino Numbers Slip

In Pennsylvania’s actual casinos, retail slots had a handle of $2.6 billion, down 6.9% from July (nearly $2.8 billion). And the retail slots gross revenue of almost $201.28 million was down 5.9% from July ($213.9 million).

The August retail table games gross revenue was $78.45 million, down 9.5% from July ($86.68 million).

Statewide gaming revenue in Pennsylvania for August was $425.39 million, an increase of 4.24% from the same month last year.

PennStakes.com is a good spot to check on state revenue reports as well as for PA sportsbook promo codes.

GiG Authorized in Pennsylvania

In other Pennsylvania gaming news, Gaming Innovation Group (GiG) announced it received interim authorization from the Pennsylvania Gaming Control Board that allows it to do business in the commonwealth as an interactive gaming manufacturer.

GiG has more than four years experience in the United States serving both new and existing customers  in America. In its announcement, GiG noted iGaming (sometimes also called iCasino) revenue in Pennsylvania has been 11% higher year on year, at $98.6 million.

The company said its currently serves 26 regulated markets, with another nine the pipeline, the addition of Pennsylvania to GiG’s list of accessible markets will strengthen its ability  “to be the technical supplier of choice, for both new challenger brands and tier one operators alike,” the announcement said.

Claudio Caruana, General Counsel for GiG, said in the announcement: “The addition of a Pennsylvania authorization to our ever-expanding list of supported markets is testament of the focus that GiG has placed on regulated markets, which we strongly believe underpins sustainable and prosperous growth within the online iGaming industry. Pennsylvania will play a key role in our plans for expansion in North America, and we are delighted to power our partners with our award-winning technology in the region.”

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Contributors

A longtime reporter and editor who began writing on casinos and gaming shortly after Atlantic City’s first gambling halls opened, Bill covered the world Series of Poker and wrote a syndicated column on travel to casino destinations for a decade.

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