Despite a record month for sportsbooks, Pennsylvania gambling revenues are down 1.7%.

In November Pennsylvania gambling revenue dropped 1.7% to $444.4 million. Traditional slots led with $189.7 million up 2% YoY.

Table games earned $77.8 million, down 1.7%. Video Gaming Terminals and fantasy sports totaled $3.3 million and $2.5 million respectively.

Online casinos surged 23% to $158 million, led by Hollywood Casino at $61.1 million.

Valley Forge Casino Resort ranked second with $41 million. Online slots contributed $109.3 million, table games $46.4 million and poker $2.3 million.

 

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It is interesting to see that despite a record month for sportsbooks in Pennsylvania, the overall gambling revenue for the state has experienced a decline of 1.7% in November, totaling $444.4 million.

The traditional slot machines seemed to be the most popular form of gambling in the state, bringing in $189.7 million, which marks a 2% increase compared to the previous year. This suggests that there is still a strong demand for slot machines in Pennsylvania.

On the other hand, table games earned $77.8 million, showing a 1.7% decrease in revenue. This could be due to various factors, such as competition from other forms of gambling or simply a decline in interest in table games.

Additionally, it is worth noting that Video Gaming Terminals (VGTs) and fantasy sports contributed $3.3 million and $2.5 million, respectively. While these numbers may not be particularly high compared to other forms of gambling, it still highlights the presence and popularity of these alternative options for players.

Online casinos experienced significant growth, surging by 23% and generating $158 million in revenue. Hollywood Casino led the way in this category, contributing $61.1 million to the total. Valley Forge Casino Resort ranked second with $41 million. It is clear that online gambling is becoming increasingly popular among players in Pennsylvania.

Breaking down the revenue from online casinos, it is evident that online slots were the primary source of income, bringing in $109.3 million. Table games followed with $46.4 million, and poker contributed $2.3 million.

Overall, while the decline in overall gambling revenue might seem concerning, it is essential to consider the individual performances of different gambling sectors. The online casino segment, in particular, has experienced substantial growth, indicating that the industry is evolving to meet the changing preferences of gamblers.