For the second straight month, Pennsylvania online casinos hold number one in the US for the highest gaming income. Their revenue hit $138 million in April. They were the record holders in March after they recorded $142.7 million in gross gaming revenue.
The PA casinos recorded net revenue of $33.6 million in April, which was impressively a 10.7 percent increase month to month. However, they recorded a 20 percent decline in total bets after recording bets worth $578.8 million.
Parx leads in revenue for land-based casinos
Parx Casino, the best casino in PA, recorded the best revenue for land-based casinos in April 2022. Parx also runs a strong Pennsylvania online casino to avail betting opportunities for bettors who would prefer to gamble from their homes or any other place. The PA online betting is young, having started in 2018.
Total gaming year by year revenue increased by 14%
The PA gaming revenue in April was up by 14 percent. This was a year-over-year increase. The PA Gaming Control Board report shows the revenue increased to $461.6 million. The report shows the figures dipped by $1.1 million from the figures recorded in March 2022. Parx casino recorded total revenue of $1.178 million.
Consistent marketing efforts bear fruit
Pennsylvania’s online casinos have recently invested heavily in marketing. They have invested in giving a wide range of bonuses to customers. They give welcome bonuses to new customers and deposit bonuses when they make their first deposits. Dedicated customers get loyalty bonuses and many other types of bonuses. The impressive profits recorded are due to their online marketing efforts.
Sportsbooks were the best performers
The best performers in PA online casinos industry were the sportsbooks. They recorded an increase of 36 percent after hitting a gross revenue of $49.1 million in April. In March, they had recorded $48.5 million in gross revenue.
Total wagers from sportsbooks were $536.1 million, which accounted for 93.6 percent of the total handle. Parx was the best performer in retail revenue after hitting $5.7 million in wagers. The rise in the US economy was significant in achieving these good results.
PA casinos are the best in growth
PA casinos were the best in iGaming revenue in the US. The poker rooms and online casinos recorded $138.0 in gross revenue. This was a slight decrease from March records that hi $142.7 million in gross revenue. This record is slightly ahead of New Jersey, which recorded 136.9 million in revenue in April. Poker rooms and online casinos’ growth in PA was 30.8 percent.
Poker rooms were recoding $4.6 million in revenue daily. Video games recorded $3.8 million in revenue in April, which was a 2.6 percent decline from March. According to a report by the Gaming Control board, PA casinos generated the state government a total tax revenue of $187.6 million in April.