The PA Online Casino industry raked in $5.51 billion in revenue for the 2022-23 fiscal year, up 9.3 percent from the record of $5.04 billion set last year. These numbers were reported by the Pennsylvania Gaming Control Board in July, the start of the new fiscal year.
Before we dig further into the revenue numbers, pounce on any of the following PA Online Casino Bonus codes Crossing Broads currently offering, including the Betway PA Casino Bonus currently resulting in a rewarding $1,000 Deposit Bonus:
As far as the news topic at hand is concerned, Pennsylvania has done well in the retail and online casino field. In addition to large and small casinos across the commonwealth, there has been an explosion of online casinos since 2018which has brought in more players and money to the industry.
Online casinos experienced the most growth over the past fiscal year. Revenue for the iGaming players rose 24.4 percent to $1.53 billion. This includes money made off slots, table games, and poker. (PA Casino Bonus Codes have a lot to do with this growth.)
The PGCB report did not offer specific numbers for each category. It is a major indicator that the investments and work put into this sector have paid off significantly. It also likely means expect MORE online casino ads on digital and television platforms (hey, some of them are pretty good).
The sportsbooks also had a strong year with a record $492.0 million in revenue. The state did not give a total for the handle in the fiscal year. Yeah, I guess the books made a lot of money off the Philadelphia Phillies, Philadelphia Eagles, and Philadelphia Union losing their respective championships. (Womp, womp.)
At physical locations, the big winner over the past fiscal year were the slots. We see them taking up more floor space with every new casino and redesign.
This is for a good reason: They make casinos money.
In the past fiscal year, slots brought $2.45 billion in revenue, up 1.7 percent from last year. This was the second-best year for slots, just missing the $2.48 billion from 2011-12. Amazingly, slots accounted for over 44 percent of casino revenue last year.
While slot revenue increased, table games dropped in 2022-23. They brought in $974.0 million for the year, down 4.1 percent.
Video game terminals were up 1.3 percent to $42.1 million. Fantasy sports revenue dropped 24.3 percent to $20.7 million.
Shout-out to those still grinding away in the daily events trying to build lineups.
Since online sports betting became more legally available in 2018, it has been really interesting to see two DFS companiesDraftKings and FanDuelpivot from their starting business to challenge and even overtake some of the biggest legacy brands in the gaming industry, beating them at their own game with technology and converting customers.
If you told folks after Super Bowl 52 that Christie/Murphy v. USwould create a whole new market that defied conventional expectations (Nevada used to be fairly split between online and in-person sports betting), not many would have considered that plausible.
FanDuel continues to dominate in the Keystone State, as they have for years, on the sports betting scene. FanDuel PA Casino led the market with $255.5 million in revenue, partnering with Valley Forge Casino.
However, there is a new name that finished second for the fiscal year.
Barstool PA Casino did over $130 million in combined revenue for their two Hollywood Casino skins.
This seems to be a major victory for Penn Gaming, who finished their acquisition of the controversial media brand earlier this year. Barstool figurehead Dave Portnoy has acknowledged that the ownership of a major gaming company has affected operations, notably in the termination of an employee who made an unintentional racial slur in a live stream.
The employee was later rehired as part of one of Portnoys new business ventures.
Hollywood Casino at Penn National led the market in iGaming, with $648.2 million in total revenue over the fiscal year. Rivers Casino Philadelphia finished second with $330.9 million, followed by Valley Forge Casino at $309.3 million.
Between the sportsbooks and the iGaming, Hollywood was the big winner in the field for the year, with over $778 million in total revenue, while Valley Forge came in second in combined revenue at $564.8 million.
There are a lot of options for Pennsylvania online casino players and it can be difficult to figure out which has the best options. We have done a lot of research, and our pages offer the most updated information on new-player offers, bonuses, and casino offerings.
Go here to see the original:
PA Online Casino Revenue Smashes Records in 2022-23 - Crossing Broad
- PENN Hopeful Hollywood Casino Standalone App Ready By Early 2025 - US Bets - May 3rd, 2024 [May 3rd, 2024]
- 7Bit Casino Starts the Spring Season With a Bang: 102350 USDT Win From One Spin Standard PR Bitcoin News - Bitcoin.com News - May 3rd, 2024 [May 3rd, 2024]
- Online casino firm 888.com to withdraw UK adverts after backlash - The Guardian - May 3rd, 2024 [May 3rd, 2024]
- 10 Best Maryland Online Casinos & MD Gambling Sites [2024] - The Hudson Reporter - May 3rd, 2024 [May 3rd, 2024]
- 5 Best Online Casinos in the Philippines for Real Money Games - Yahoo Finance - May 3rd, 2024 [May 3rd, 2024]
- Online Casino Bills In Illinois Are Unlikely To Advance This Session - PlayUSA - May 3rd, 2024 [May 3rd, 2024]
- Caesars Palace Online Casino Upgrades App with First-of-its-kind Functionality | Caesars Entertainment, Inc. - Caesars Investor Relations - May 3rd, 2024 [May 3rd, 2024]
- Fastest Withdrawal Online Casinos Canada (May, 2024) - The Hudson Reporter - May 3rd, 2024 [May 3rd, 2024]
- Most trusted online casinos in the US for 2024 - OregonLive - May 3rd, 2024 [May 3rd, 2024]
- Best online casinos that accept PayPal 2024 - al.com - AL.com - May 3rd, 2024 [May 3rd, 2024]
- 10 Best Wisconsin Online Casinos 2024: Top WI Casino Sites - The Hudson Reporter - May 3rd, 2024 [May 3rd, 2024]
- How Have Casinos Impacted the USs Tourism Industry - Drift Travel Magazine - May 3rd, 2024 [May 3rd, 2024]
- Betting on Change: Colorado's Journey through the Online Gambling Landscape - North Forty News - May 3rd, 2024 [May 3rd, 2024]
- Best real money online gambling sites USA - OregonLive - May 3rd, 2024 [May 3rd, 2024]
- Gambling Commission timeline for new affordability checks and online casino rules - Focus Gaming News - May 3rd, 2024 [May 3rd, 2024]
- Cordish Opposition To Online Casino Gaming Explained - PlayUSA - May 3rd, 2024 [May 3rd, 2024]
- Online casino gambling bill dead in Maryland - National Football Post - May 3rd, 2024 [May 3rd, 2024]
- Best real money gambling apps in the United States: May 2024 - New York Post - May 3rd, 2024 [May 3rd, 2024]
- NORDIC CASINOS - OPPORTUNITY OR THREAT? UNDERSTANDING THE BALANCE IN SCANDINAVIAN ONLINE ... - PWInsider - May 3rd, 2024 [May 3rd, 2024]
- Best Crypto & Bitcoin Gambling Sites Ranked and Reviewed - Yahoo Finance - May 3rd, 2024 [May 3rd, 2024]
- Saracen wants to expand online gambling in Arkansas, but commission is swamped | Arkansas Democrat Gazette - Arkansas Online - May 3rd, 2024 [May 3rd, 2024]
- AI Being Used to Make Online Casino's Safer - erienewsnow.com - May 3rd, 2024 [May 3rd, 2024]
- Slotegrator expands into India by partnering with Betnwin online casino and sportsbook - Yogonet International - May 3rd, 2024 [May 3rd, 2024]
- Multi-lobby navigation highlights Caesars online casino upgrade - iGaming Business - May 3rd, 2024 [May 3rd, 2024]
- Michigan's top 3 online casinos to sign up at during May 2024 - MLive.com - May 3rd, 2024 [May 3rd, 2024]
- Caesars unveils upgraded Caesars Palace Online Casino app featuring new look and navigation layout - Yogonet International - May 3rd, 2024 [May 3rd, 2024]
- The Best 4th of July Slots to Celebrate Independence Day - The Sports Geek - May 3rd, 2024 [May 3rd, 2024]
- Why an Alabama man is banned for life from Mississippi casinos - AL.com - April 27th, 2024 [April 27th, 2024]
- 5 best real money online casino games for beginners - PennLive - April 27th, 2024 [April 27th, 2024]
- UK children bombarded by gambling ads and images online, charity warns - The Guardian - April 27th, 2024 [April 27th, 2024]
- Best online casinos to play for real money in the US - AL.com - April 27th, 2024 [April 27th, 2024]
- Best online slots to play for real money April 2024 - AL.com - April 27th, 2024 [April 27th, 2024]
- Slots with highest RTP (up to 99%) for April 2024 - OregonLive - April 27th, 2024 [April 27th, 2024]
- Soft2Bet: Danish players to experience the best in online casino with CampoBet Danmark - English - Danmark - PR Newswire - April 27th, 2024 [April 27th, 2024]
- Best Payout Online Casinos in Canada for 2024 - 97%+ RTP - The Hudson Reporter - April 27th, 2024 [April 27th, 2024]
- Best online casinos for real money in 2024 - OregonLive - April 27th, 2024 [April 27th, 2024]
- 2024's Best Online Casinos in Europe Top EU Casino Sites - The Hudson Reporter - April 27th, 2024 [April 27th, 2024]
- Best Real Money Online Slots to Play in 2024 - The Hudson Reporter - April 27th, 2024 [April 27th, 2024]
- The Best Online Casino in Vietnam - April 2024 - Techopedia - April 27th, 2024 [April 27th, 2024]
- Casino requests regulator approve Arkansas online gambling - iGaming Business - April 27th, 2024 [April 27th, 2024]
- Credit Card Ban Bill Focuses On Responsible Gambling In PA - Play Pennsylvania - April 27th, 2024 [April 27th, 2024]
- Up to $2500 bonus funds with Caesars Palace Online Casino - PennLive - April 27th, 2024 [April 27th, 2024]
- PokerStars and Evolution Team Up for Major Live Casino Revamp - PokerNews.com - April 27th, 2024 [April 27th, 2024]
- Solana (SOL) Back Above $150 But Can It Get Back to $250? Rollblock (RBLK) Launches Online Casino - Hottest New ... - Crypto Reporter - April 27th, 2024 [April 27th, 2024]
- Breaking Sports Monopoly Could Be Key to Florida iGaming Effort - Bonus.com - April 27th, 2024 [April 27th, 2024]
- How AI Is Changing the Online Gambling Industry - Blockchain.News - April 27th, 2024 [April 27th, 2024]
- Online Poker in New York 2024 - NY Online Poker Sites - Techopedia - April 27th, 2024 [April 27th, 2024]
- Denmark: 15 per cent of young people illegally gamble online - Casino Beats - January 16th, 2024 [January 16th, 2024]
- GiG furthers global presence with two new launches - iGaming Business - January 16th, 2024 [January 16th, 2024]
- Operator Coalition Makes Ad Pitch for NY Online Casino - Pokerfuse - January 16th, 2024 [January 16th, 2024]
- New Year's Resolutions For PA Online Casino Market - Play Pennsylvania - January 16th, 2024 [January 16th, 2024]
- Biggest Online Gambling Markets in the World - Finbold - Finance in Bold - January 16th, 2024 [January 16th, 2024]
- BetMGM Casino bonus code for MLK Day: Get $25 online promo offer to play with now - SILive.com - January 16th, 2024 [January 16th, 2024]
- Best PayPal Online Casinos in the US for January 2024 - Sports Illustrated - January 16th, 2024 [January 16th, 2024]
- FanDuel Casino bonus: Get up to $1000 back + 50 bonus spins - MLive.com - January 16th, 2024 [January 16th, 2024]
- New Bill Filed To Legalize Online Casinos In New York In 2024 - Play NY - January 16th, 2024 [January 16th, 2024]
- Casino with a minimum deposit of 10 euro - Be Global Fashion Network - January 16th, 2024 [January 16th, 2024]
- 2nd Year Of Legal Sports Betting Brings NY $862M, Says Governor - PlayUSA - January 16th, 2024 [January 16th, 2024]
- Best US Sweepstakes and Social Casinos 2023: Top Online Casino Sites Reviewed - Analytics Insight - January 16th, 2024 [January 16th, 2024]
- Gaming Corps expands distribution with Alea Casino Aggregator partnership - Gambling Insider - January 16th, 2024 [January 16th, 2024]
- Sen. Addabbo Files 2024 Bill To Legalize iCasino In New York - US Bets - January 16th, 2024 [January 16th, 2024]
- Top 9 Uk Casino Online Real Money - Best Casino Sites Ranked by ... - The Coin Republic - August 6th, 2023 [August 6th, 2023]
- The Growing Popularity of Online Casino Gambling: A Historical ... - thewashingtondailynews.com - August 6th, 2023 [August 6th, 2023]
- How to Recognize and Avoid Fake Online Casino Websites - East End Taste Magazine - August 6th, 2023 [August 6th, 2023]
- Online Casino using Gcash: The Ultimate Guide to Convenient ... - NNN NEWS NIGERIA - August 6th, 2023 [August 6th, 2023]
- Borgata Casino promo: Deposit match up to $1000 + $20 on the house - PennLive - August 6th, 2023 [August 6th, 2023]
- Betway Online Casino: The Ultimate Guide to Exciting Gambling ... - NNN NEWS NIGERIA - August 6th, 2023 [August 6th, 2023]
- Exploring the Different Types of Online Casino Bonuses and ... - News-Reporter - August 6th, 2023 [August 6th, 2023]
- Casino Zeus' Choice of the Best Casinos in Canada - Analytics Insight - August 6th, 2023 [August 6th, 2023]
- DraftKings Shares Q2 2023 Earnings With Investors - PlayUSA - August 6th, 2023 [August 6th, 2023]
- The 6 Best Online New Zealand Casino Sites for Real Money - Analytics Insight - August 6th, 2023 [August 6th, 2023]
- Everything You Need to Know About Stake Online Casino - August 4 ... - NNN NEWS NIGERIA - August 6th, 2023 [August 6th, 2023]
- 7reels: A Comprehensive Review of the Leading Online Casino ... - NNN NEWS NIGERIA - August 6th, 2023 [August 6th, 2023]
- 2023's Top Financially Inclusive Cryptocurrencies: Scorpion Casino ... - Analytics Insight - August 6th, 2023 [August 6th, 2023]
- Slot Games Increasingly Popular: Does This Show Market Maturity - taxscan.in - August 6th, 2023 [August 6th, 2023]
- Jeetwin Casino: The Ultimate Online Gambling Experience - August ... - NNN NEWS NIGERIA - August 6th, 2023 [August 6th, 2023]
- Best Real Money Online Casinos & Gambling Sites [2023 Update ... - The Daily Collegian - August 6th, 2023 [August 6th, 2023]
- Caesars Online Casino Review: One of Michigan's Best - MLive.com - August 6th, 2023 [August 6th, 2023]
- BetMGM Online Casino Review 2023: Up to $1,025 On Sign-Up - MLive.com - August 6th, 2023 [August 6th, 2023]
- Best Free Spins Online Casino Bonuses in Michigan for 2023 - MLive.com - August 6th, 2023 [August 6th, 2023]