Casino Revenue in Pennsylvania Came Out to $408 Million in August

State Seal Of Pennsylvania With Gambling Background

Pennsylvania has quickly developed one of the largest gambling industries in the United States. Here, both casinos and sportsbooks are operational. New reports have surfaced claiming casino revenue in Pennsylvania surpassed $408 million over the month of August.

This represents a massive increase when compared to the year prior. It’s a slight drop from July, though. Now is a great time to talk about exactly how much revenue was brought in from this state’s casino industry.

Here’s what you need to know!

Reports on the Casino Revenue in Pennsylvania for August are Out

Pennsylvania is home to a huge number of popular casinos. Some of these are Native American-owned and operated. Others are commercial casinos, run by some of the most powerful gaming companies in the United States.

Revenue from this industry has been steadily increasing for the past year. This week, reports on casino revenue in Pennsylvania for August finally surfaced. Some were surprised to find that the state’s casinos brought in $408 million over the course of the month.

The casinos here managed to increase their year-on-year revenue by 31%. Interestingly, revenue dropped by $15.5 million when compared to July. That is not a large drop and this decline is not a surprise when considering neatly all US casino destinations reported casino revenue drops over the month of August.

Parx Casino in Bucks County brought in the most revenue at $59.1 million. Rivers Casino Pittsburgh also saw a large revenue month at $31.38 million. Meadows Casino brought in $24 million in gross gaming revenue.

Overall, this state’s casino earnings are impressive. All states saw declines in casino revenue in August, yet Pennsylvania’s earnings remain far better than in other parts of the country.

Sports Betting Revenue Fell in PA Over August

Pennsylvania is also home to a large and successful sports betting industry. The first sportsbooks went live here in November of 2018. Since that time, the industry has grown and a huge number of great internet sports betting options are now operational here.

This past August, Pennsylvania experienced sports betting revenue decrease for the second straight month. The sports betting operators here managed to bring in $25.3 million in total GGR. $6.5 million went to the state via taxes.

The state’s sports betting handle actually increased in August. A total of $348,520,369 was wagered on sports over August. That is a solid increase from the $304,415,503 bet on sports in this state in July.

Most expect to see a large increase in sports betting revenue here in September. Millions have already bet on the NFL season this month. Based on the current trend, September of 2021 may end up being the best month in history for Pennsylvania’s sports betting industry.

Pennsylvania was far from the only state to experience gambling revenue declines over August. Here’s a look at how some other states’ gaming industries fared last month.

Most States Report Casino Revenue Declines in August

The US casino industry has been faring extremely well throughout 2021. Most states have reported consistent increases in casino revenue over the year. August, however, proved to be one of the worst months of the year for gambling properties around the country.

Louisiana is one state to report casino revenue drops in August. Interestingly, the casinos in Baton Rouge actually saw a revenue drop of 7% when compared to August of 2020 and a 30% decline from July. Part of this was due to intense natural weather events that forced casinos here to shut down.

Michigan’s casino industry struggled, too. The casinos in Detriot managed to net $113.5 million throughout the month. MGM Grand Detriot managed to bring in the most revenue at $52.24 million.

Many analysts are curious to see how casino hubs will fare in September. Cases of Covid-19 have continued to increase and travel seems to be decreasing. Hope is that cases begin to drop over the fall months and casino destinations will see their revenue figures increase once again.

Are you surprised to see where casino revenue in Pennsylvania stands for August? Do you expect things to increase next month? Let us know in the comments section below.

College Township Council Approves Nittany Mall Casino Development Plan

Hand Holding a $100 Bill Over a Laptop And Casino Games
The land development plan for the proposed casino at the former Macy’s property at the Nittany Mall has been approved by the College Township Council.

The project is still awaiting the approval of its Category 4 casino license from the Pennsylvania Gaming Control Board before the it can move ahead. The Board held a public input meeting last month and it will hold another similar discussion on a future date where the developer will be given the opportunity to present the plans for the board to vote and decide.

The Nittany Casino

Dubbed as the Nittany Casino in the plans, the project is expected to have 750 slot machines and 30 table games with sports betting also being eyed. A restaurant, bar, mini-outlet, and a quick serve food and beverage area are also in the works in the said casino project.

According to Chad Stafford of project engineer PenTerra, there will be few major renovations to be done for the exterior of the 94,000 square foot facility. However, a sally port will be added on the building’s Benner Pike side while a large canopy will be placed on top of the main entrance on the East College Avenue side.

New License in Centre County

Last September, Penn State trustee Ira Lubert won an auction for a Category 4 gaming license to be situated at Centre County with a $10M bid. In January, Bally’s Corporation announced that it had entered into an agreement with Lubert to develop the $123M mini-casino. Lubert’s group submitted an application that named the former Macy’s at the Nittany Mall as its targeted location.

According to Lubert, a casino at the Nittany Mall would reinvigorate the property and draw many new businesses to the mall itself and the surrounding area. That in turn will create jobs for local residents and hellp drive the region’s economy forward while also providing a new entertainment venue that the community can enjoy.

Fanatics Could be Aquiring a Sports Betting Company Soon

Sportsbook

Sports merchandise leader Fanatics is closing in on a deal to acquire a sports betting company as part of its expansion plans.

Fanatics officials refused to comment on the issue but industry sources say that meetings with Rush Street Interactive (RSI) and Swedish gaming company Betsson had positive results and Fanatics is likely to end up buying one of the two.

Rush Street Makes Sense

For Fanatics, Rush Sense makes sense. Despite having presence in 10 states including Illinois, New Jersey, and Pennsylvania and being among the Top 5 online revenue grossers, RSI has the weakest brand among companies of the same size. This means that they can change their name to an acquiring company like Fanatics.

There are also rumors that RSI is in the driver’s seat to land the rights to ESPN’s name in sports betting. The Wall Street Journal recently reported that ESPN was looking to sell its name to a sports betting package for $3B. That is supposedly one of the reasons why RSI worked to get the third skin in partnership with the Connecticut Lottery after DraftKings and FanDuel partnered with the state’s two Native American tribes.

On the other hand, Betsson has an excellent iGaming product but it does not operate in the United States and would be more of a back-end technology for Fanatics.

Fanatics Has Tripled its Value

Last month, it was reported that Fanatics had tripled its value to $18B over the past year. The company was valued at $13B last March before receiving a $325M funding from its existing owners while also adding funds from new investors like Jay-Z’s Roc Nation, SoftBank, Silver Lake , Eldridge, TWG Sports & Entertainment, MLB, and Insight Partners.

The company said that the additional funding would be used to transition from a vertical commerce company to an international digital sports platform while expand its technological and consumer databases to integrate new markets such as NFTs, gaming, media, and sports betting.

Before venturing to other businesses, Fanatics acquired some assets, inventory, and college licensing rights of Vetta Brands, including the Top of the World division. Last year, Fanatics also purchased the licensed sports merchandise company WinCraft.

MaximBet Entering Ohio and Pennsylvania Sports Betting Markets

MaximBet

Online sports betting operator MaximBet announced on Monday that it has gained access to the Pennsylvania and Ohio legal sports betting markets.

MaximBet was established only last April but the company has been very aggressive in its expansion to the different states where sports betting has been legalized.

Said MaximBet CEO Daniel Gretzer:

“We are excited about the efficiencies this scale brings to our business and we look forward to additional market access arrangements in the near future.”

It will enter Ohio via a fully mobile operating license pending legislation. Lawmakers are set to continue their debate on the state’s sports betting bill later this month but it remains to be seen how many skins are approved by law. Industry leaders like DraftKings, FanDuel, BetMGM, Barstool Sportsbook, and Caesars Sportsbook have also secured market access deals.

In Pennsylvania where mobile sports operators are required to tie-up with land-based casinos, it has partnered with Caesars Entertainment and Harrah’s Philadelphia. Pennsylvania is among a handful states that allows online casino gaming, digital slots, and table games.

Other Future Markets

The sports betting company also said that it is nearing the completion of agreements to enter Iowa, Indiana, and New Jersey via online platform. They are also eyeing to enter the sports betting market in Ontario, Canada. There are no exact launch dates for these future markets although company officials say that they want to go live as soon as possible.

Because it is not as prominent as DraftKings or FanDuel, MaximBet is offering promos to entice new members to sign up for the app. For instance, it is offering a Super Bow LVI package worth $50,000 via raffle. The lucky winner, which will be drawn on New Year’s eve, will be given four tickets to Super Bowl LVI with four roundtrip airfare tickets from an U.S. City, four hotel rooms for three nights in Los Angeles, and a pocket money worth $2,500.

Future iGaming Plans

MaximBet is the online sports betting division of international men’s magazine brand Maxim. It is co-owned by the Carousel Group whose holdings include the online betting sites Sportsbetting.com, a site that now redirects customers in Colorado to MaximBet.

Currently, MaximBet operates online sports betting in Colorado but is working doubly hard to expand its sports betting operations to the other states where sports wagering is legal. Aside from sports betting, the company is also eyeing to venture into the iGaming picture in the future.

Ocean Casino Resort AC Sues Live! Hotel & Casino for Copying Marketing Slogan

Ocean Casino Resort AC
Ocean Casino Resort filed a lawsuit at a federal court on Tuesday, accusing Live! Casino & Hotel Philadelphia of “infringement and unfair competition” for using a similar marketing slogan without its consent.

The Atlantic City hotel and casino argued that its “Go for the Win” marketing slogan is its “unique and distinct service product. In fact, Ocean filed an intent-to-use application for the slogan with the U.S. Patent and Trademark Office last May.

Seeking A Court Order

According to the lawsuit, Live! Casino and Hotel’s marketing campaign was done “with full knowledge and conscious disregard of the rights of Ocean, and are willful, intentional, and deliberate acts, made in bad faith with the intent to trade on the goodwill and of the service mark of Ocean.”

Lawyers representing Ocean said that the “unauthorized use” of its slogan will cause confusion, mistake, and deception that the two gambling properties are connected. Likewise, Ocean stated that its ability to offer services under its “Go for the Win” campaign has been disrupted.

As a result, Ocean Casino Resort is seeking a court order to prevent Live!Casino & Hotel from using the marketing slogan and instruct Live! Casino & Hotel to destroy all marketing collaterals associated with the advertising campaign.

Part of Efforts to Bring Back Customers

Ocean Resort Casino launched the “Go for the Win” marketing campaign last June as part of their efforts to bring back their customers amid the COVID-19 pandemic. Ocean reportedly spent $140,000 to develop the marketing campaign with its advertising agency.

The Atlantic City casino added that it spent more than $1.5 million to promote the campaign in the South Jersey and Philadelphia regions via advertisements on billboards and media platforms.

One month later, Live! Casino & Resort came up with its “Let’s Go for the Win” promo to generate more business for its brand news Southern Philadelphia gambling property. Live! Casino used its marketing slogan in ads on TV, social media, and websites. The company even placed it on a huge electronic billboard near Ocean Casino Resort in Atlantic City.

Unibet Forges Sports Betting Partnership with the NFL’s Pittsburgh Steelers

Sports betting partnerships continue to grow in the once-conservative National Football League.

Just one day after the league announced the addition of four more sports betting partners for the upcoming season,  and the plan to allow six sports betting advertisements per NFL game, Kindred’s Unibet sports betting platform announced on Thursday that it has entered into an agreement to become the official sports book partner of the Pittsburgh Steelers.

In a statement, VP of Kindred US Group Manuel Stan said:

“We are excited to partner up with one of the most beloved professional sports franchises. With a great history and bright future ahead, the Steelers have incredibly passionate and engaged fans. This is an exciting step in Western Pennsylvania for us. With this partnership, we will continue to grow our share of voice in Pennsylvania, strengthen our connection to local fans and support future launches in neighboring States.”

Unibet’s Second NFL deal with an NFL Team

The Steelers partnership marks the second sports betting deal that Unibet has entered into in the top professional sports league in the United States. Last year, Unibet became the official sports betting parter of the Philadelphia Eagles. 

Like the deal with the Eagles, this new partnership will include collaboration between the two parties across social media channels, sweepstakes for fans to enter, and much more. To engage the Steelers’ fans during the team’s games, they will be given a chance to engage with Steelers Legends at the brand new Unibet Tailgate zone outside the stadium.

Unibet and the Steelers will also work together to create a Steelers-themed casino game to its consumers. The game will be exclusively available via the Unibet PA casino app which will launch later this year.

Fifth Oldest Team in the NFL

Steelers’ VP of sales and marketing Ryan Huzjak expressed the team’s excitement to franchise with Unibet. According to Huzjak, the partnership will bring added engagement opportunities for the Steelers Nation. He talked about plenty of activities for the fans throughout the season.

Founded in 1933, the Pittsburgh Steelers is the 5th oldest franchise in the NFL. The Steelers have won a total of Six Super Bowl titles and has a total of 33 former players, coaches, and team members who have been inducted to the Pro Football Hall of Fame. 

Unibet’s partnership with the Steelers is not the first for the franchise with a sports betting company. Back in November 2020, the Steelers announced BetMGM as its official gaming partner. 

 

More Information On the Hollywood Casino York is Coming Out!

Hollywood Casino York

Pennsylvania is quickly developing one of the largest gambling industries in the United States. New, exciting casinos are set to open here over the next few years. Reports have surfaced today that offered new information on the opening date of the Hollywood Casino York!

Casino fans have been excited to see this property get up and running. These fans will not have to wait much longer to visit this exciting new venue. Now is a great time to talk about when this property will open to guests.

Here’s what we know!

Pennsylvania’s Casinos Continue to Bring in High Revenue Figures

The East Coast is home to a huge number of major gambling destinations. Most think of Atlantic City, yet other nearby states are also developing a massive gambling industry. That includes Pennsylvania, which has some of the best gambling options of any state in the country.

Here, both online and land-based casinos are legal and regulated. These casino operations are helping to bring the state a huge amount of tax revenue each month. That was certainly apparant this past May.

Total Gross Gaming Revenue in Pennsylvania during the month of May came out to $413,182,161. That is a new record; surpassing the $403.1 million earned in April. Certain gambling operations here managed to bring in more revenue than others.

Online slots in Pennsylvania brought in $67.2 million last May. Slots and table games inside land-based casinos brought in $278.6 million in total revenue. Video game terminals available in certain areas of the state managed to bring in a respectable $3.6 million.

It’s exciting to see these revenue figures grow as 2021 goes on. Sports gambling is also available and continues to bring in a massive amount of money. Most analysts expect to see these revenue figures increase throughout the rest of the year.

More casinos continue to open their doors in this state. Here is a quick look at the upcoming opening of the Hollywood Casino York!

The Opening Date of the Hollywood Casino York Has Finally Been Revealed

Pennsylvania is far from the only state working to expand its gambling industry. Many areas of the country are focused on increasing their number of casinos. More gambling venues, lawmakers are arguing, will help to boost tax revenue.

There are several new casinos set to open in Pennsylvania over the next couple of years. It now appears that one new casino will open to the public here this summer! New reports have just surfaced claiming the opening date of the Hollywood Casino York is officially set for August 12.

Ruben Warren, vice president and general manager for Hollywood Casino York sent a press release this week, expressing his excitement at this property’s opening.

“The countdown to our grand opening begins today,” Warren said. “We’re very excited to soon welcome patrons to this beautiful new property, where they’ll be able to experience premier gaming, dining and entertainment.”

This property cost an impressive $120 million to construct. It’s owned by Penn National, one of the fastest-growing gaming companies in the country. The casino will feature 500 slots, 24 table games, and the first Barstool Sports-run sportsbook in the state.

Many feel this will be the best new casino in Pennsylvania. A huge number of individuals in the Springettsbury Township are expected to attend its grand opening. We’ll be sure to offer more information on the Hollywood Casino York after it opens to the public.

Sports gambling in Pennsylvania is more popular right now than ever before. Let’s take a quick look at how the sports betting companies here are faring right now.

Sports Gambling Revenue in Pennsylvania Continues to Fluctuate

Pennsylvania was the seventh state to formally legalize sports betting. The first sportsbooks launched here in November of 2018. The sportsbooks here have grown extremely popular and continue to bring in a huge amount of revenue each month.

This past May, reports surfaced claiming Pennsylvania’s sports betting revenue increased compared to April. The online and land-based sportsbooks here brought in $37.4 million that month. That is a solid increase from the $36 million in revenue earned last April.

When compared to 2020’s numbers, the sports gambling revenue situation here looks phenomenal. Of course, many of the country’s sports leagues were still shut down in June of 2020. Sports betting revenue was notably low throughout the middle of the year.

Pennsylvania is now developing one of the most profitable sports betting industries in the United States. New Jersey remains the king, for now. Illinois is second in terms of total sports betting revenue. Based on the current trend, however, it wouldn’t be a shock to see PA’s sports gambling industry take the top spot in the future.

The casino industry here continues to grow, as well. More gaming venues will open their doors here as the year goes on. Stay tuned for updates on the growing casino and sports gambling industry here as 2021 goes on.

Are you excited about the opening of the Hollywood Casino York? Let us know in the comments section below.

PlayStar Casino Gains Access to Pennsylvania via Caesars Entertainment

Pennsylvania Symbol With a Slots Background

Online casino brand PlayStar has secured market access to Pennsylvania through a multi-year partnership with Caesars Entertainment.

Its launch in Pennsylvania, targeted for Q2 of next year, will double its reachable market in terms of population and gaming revenue.

Per Adam Noble, co-founder and Chief Business Development Officer at PlayStar Casino in a statement:

“We are thrilled to have secured market access in Pennsylvania through this multi-year deal with Caesars, allowing us to double our addressable market. This is the second market access deal we have secured after announcing our entry into New Jersey earlier in the year and will continue to seek such partnerships as we expand the PlayStar Casino brand. We are looking forward to working through the regulatory process with the Pennsylvanian Gaming Control Board (PGCB) and all going we’ll look forward to launching to players in Pennsylvania in the first half of next year.”

Powered by the GiG Platform

PlayStar will be powered by the GiG platform after announcing a long-term partnership with the Gaming Innovation Group last February. Under the agreement, GiG will supply its iGaming platform technologies to PlayStar as was seen during the latter’s entry into New Jersey earlier this year.

The addition of Pennsylvania as its second market will allow PlayStar to use the spill over effects of its marketing and brand awareness campaign in the Garden State to help its local campaigns in the new market.

2nd Largest Gaming Market

Pennsylvania is the 2nd largest gaming market in the United States with the Keystone State reporting a third consecutive record breaking month the last time out. Gross gaming revenue across all legal channels totaled $413,182,161 for the month of May, eclipsing the previous record of $403M set by April 2021.

Despite its current performance, industry experts believe that the Pennsylvania gaming market is far from reaching its full potential. With its personalized and exemplary customer service strategy, PlayStar hopes to get a god share of the pie in that emerging Pennsylvania market.

Betway SportsBook On Test Launch in Pennsylvania

Two Laptops Showing Sports in Front of a Pile of Money
European online gambling operator Betway is currently on a three-day test launch in Pennsylvania to determine whether it will be granted approval for a permanent online sports betting and gambling license in the Keystone State.

If everything goes well and without a hitch during the trial period, Betway can start permanent operations beginning next month.

Test Period

According to the Pennsylvania Gaming Control Board, the test period for Betway will run from 1pm to 9 pm of Monday, 11 am to 9pm of Tuesday, and 9am to 9pm of Wednesday, June 30th. The PGCB is expected to give Betway its final grade on Thursday, and if it gets a passing mark, the sports betting operator can start operations on the same day.

If Betway secures approval, which is expected, it will become the 13th sportsbook operator and 17th online casino operator in Pennsylvania. The global online gambling operator gained access to the Pennsylvania market by virtue of an agreement with the Cordish Gaming Group’s Live! Philadelphia Casino.

Strong Market for Online Gambling Operators

After initial concerns that fees might drive operators away, the Keystone State has emerged as a strong market for online gambling operators. It started 2021 with a huge $80.4M revenue and has continued to grow although it took a dip in April when major sports events concluded during the first quarter of the year.

Based on PGCB figures, Pennsylvania’s May 2021 online casino revenue reached $98.6M which was a slight increase from the April figure of $90.3M. These numbers were much bigger than its retail gambling market which made just $4.7M in total gaming revenue last month.

Strengthening its U.S. Position

Betway is currently strengthening its position in the U.S. sports betting market which has exponentially grown since the U.S. Supreme Court repealed the Professional and Amateur Sports Protection Act of 1992 three years ago. With Pennsylvania’s stature in that market,

Aside its pending launch in Pennsylvania, Betway is already live in Colorado, Indiana. Overall, it has market access to 10 states in the U.S. Earlier this year, Betway has also forged deals with the NHL and the NBA’s Cleveland Cavaliers as official sports betting partner.

Gaming Revenue in Pennsylvania Surged This May

Hollywood Casino Pennsylvania

Pennsylvania is home to a large and successful gaming industry. The past year has taken a serious toll on the casinos based here, though. To the surprise of some analysts, gaming revenue in Pennsylvania surged during the month of May.

There are a huge number of casinos spread around this state. It appears these properties are now seeing a major surge of tourism and revenue. Today, we’ll talk about what is leading to this new surge of earnings.

Let’s get into it!

East Coast Gaming Hubs See Increases in Gaming Revenue

The East Coast is home to some of the biggest and most successful gambling properties in the country. Places like Atlantic City are well-known for offering a huge range of different gambling options. This city is home to a huge number of popular casino-resorts.

New Jersey was one of the first states to legalize and regulate sports betting after PASPA was struck down. Today, there are a huge number of popular sportsbooks operating here. Residents also have the option to bet on their favorite sports online.

New York pushed against expanding its gambling industry for many years. Eventually, lawmakers here passed a bill to allow commercial casinos to operate in the Upstate area. The push to allow a commercial casinos in New York City has been going on for years. Land-based sportsbooks are also operating in this state.

What is less-known is how many incredible wagering options are available in Pennsylvania, as well. This state is home to many popular casinos. Like New Jersey, the state of Pennsylvania also allows both land-based and online sports gambling.

Gambling revenue has been steadily increasing throughout the East Coast in 2021. All of the above gaming hubs are seeing consistent increases in their casino and sports betting revenue figures. Some seem to be faring slightly better than others.

Pennsylvania seems to be benefiting from a lifting of many casino restrictions. We’re now hearing how much money the state’s gaming industry managed to bring in this past May!

Here’s a Look at Gaming Revenue in Pennsylvania Earned This May

Pennsylvania has established itself as one of the biggest casino hubs in the country over the past decade. Throughout 2020, the gambling properties here struggled due to the shutdowns and subsequent implementation of intense health regulations. Things are rapidly improving in 2021, though.

Today, Pennsylvania’s casinos are operating without almost any of the restrictions set in place last year. This has helped these gambling venues bring in a surge of visitors. It is also clearly resulting in major increases in revenue for these casinos.

This week, the State Gaming Control Board released a report detailing the earnings of different casinos around the state. This report revealed that gaming revenue in Pennsylvania ended up being $9 million more than the month prior. It’s a huge accomplishment and proves that the land-based casino industry here is rapidly improving.

Combined gaming revenue came out to $413 million last month. That represents a staggering 42% increase when compared to May of 2019. The Hollywood Casino at Penn National in Dauphin County managed to bring in the most money last month at $62.9 million.

Online casino gambling seems to be growing more popular in this state. Pennsylvania is one of the few states to regulate internet casinos. Overall, this form of gambling brought in more revenue than any other month this year.

It seems likely that this trend of increasing gambling revenue figures will continue throughout 2021. Pennsylvania is now home to one of the hottest gaming markets in the entire country.

Las Vegas Continues to See an Increase in Tourism

The city of Las Vegas remains the country’s biggest gambling hub. It’s here that some of the most impressive casino-resort ever built are located. The majority of these world-class properties are located on the Las Vegas Strip.

On June 24, Resorts World Las Vegas is set to hold its grand opening in the northern area of the Las Vegas Strip. This property cost an astounding $4.3 billion to construct. That makes it the most expensive resort property ever built in the city.

Many analysts expect this property to help to further boost tourism into the city. Many gambling fans around the country are eager to see what such a high price tag can generate. The owners of this new casino-resort are promising something truly special for guests.

More details on Resorts World LV continue to come out ahead of opening day. This week, for example, news broke that this venue will operate with a completely unique cashless wagering system. Hope is that this encourages other casinos in the city to go cashless, as well.

Fourth of July weekend is just around the corner and casinos in Las Vegas are already preparing for a major surge of visitors. Many of the casinos in the city have already announced huge musical acts over the holiday weekend. That includes Resorts World Las Vegas, set to host Miley Cyrus at its Ayu Dayclub.

Gaming revenue in Pennsylvania increased once again in May. Do you think more revenue will be reported this June? Let us know in the comments section below.