Pennsylvania continues to develop one of the most successful gambling industries in the United States. Throughout most of the year, casino revenue has been steadily rising here. New reports on Pennsylvania’s casino revenue for September are now out and many are impressed to see how much the gambling venues here managed to bring in.
Some analysts feel that this state could soon be a real competitor with other gaming hubs in the country. Today, we’ll take a close look at the latest revenue reports here.
Let’s get into it!
Pennsylvania’s Casino Revenue for September Passes $415 Million
The Northeastern US is currently developing a massive gambling industry. Atlantic City has been the region’s casino hub for decades. In recent years, other states including Pennsylvania, New York, and Maryland have worked to offer more gaming options to their residents.
Pennsylvania now appears to be the main competitor to New Jersey’s casino industry. 15 different casinos are spread around the state. A large number of smaller “mini-casinos” are also up and running here. These help to generate major revenue figures each month.
This week, reports on Pennsylvania’s casino revenue for September were released. Some have been surprised to see that the casinos here managed to bring in $415 million in total GGR. That represents a 46% increase when compared to September of 2020. It remains lower than the all-time record set last July at $423.6 million, though.
Parx Casino in Bucks County managed to bring in the most revenue at $57.1 million. Rivers Casino in Pittsburgh saw impressive figures at $33.1 million. Most of the casinos here posted solid revenue figures over the month and are likely happy with the progress being made throughout the year.
Of course, Pennsylvania’s gambling revenue figures remain far below what New Jersey has been able to bring in. Let’s look at how the casino companies operating in Atlantic City fared last month.
Breaking Down New Jersey’s Latest Gaming Revenue Figures
2021 has been an exciting year for New Jersey’s gambling operators. Most have seen record-breaking revenue figures on several occasions already. This past September proved to be the biggest month in history for the state’s sports gambling industry.
The sports betting companies here saw a conbined handle of more than $1 billion in September. That marks the first time any state experienced a sports betting handle past the $1 billion mark. Of that, $82.4 million was kept by the state’s regulated sportsbooks.
Total gross gaming revenue in the state across its various regulated gambling options came out to $405.1 million. That represents a 39% increase from September of 2020. The nine land-based casinos in Atlantic City saw $248.5 million in revenue earned.
Once again, slot machines proved to be the big earners for these casinos. Slots accounted for $182 million in total revenue. Table games brought in $66.5 million. It’s clear that tourism remains high in Atlantic City and should remain that way for the foreseeable future.
Numerous records have been set over in Las Vegas this year, too. Unfortunately, not all of the casino operators here are releasing encouraging revenue reports.
Nevada’s Casino Companies Report Fluctuating Revenue Figures
Numerous states are growing more focused on expanding their gaming industries. Despite their best attempts, however, none is likely to ever become a real competitor to Nevada. The casino industry in Las Vegas remains the world’s most profitable and 2021 has been a tremendous year for the gambling venues here.
Interestingly, many of the casino operators here have reported poor revenue figures over 2021’s third quarter. That includes Las Vegas Sands, one of the world’s most powerful casino companies. This company is anticipating to come up far short of the early estimate for the quarter, largely due to poor earnings from its properties in Macau.
Not every company here has been struggling. MGM Resorts appears to be having a fantastic quarter and has been working to expand recently. MGM CEO Bill Hornbuckle is now embracing the online casino industry and believes it’s time for Nevada to allow online casino gaming options.
Other companies here including Wynn Resorts and Caesars Entertainment appear to be performing well, too. Many are curious to see how well these companies perform through the year’s final months, as well. We’ll be sure to offer more reports on these revenue figures as the year goes on.
Are you surprised to see Pennsylvania’s casino revenue for September? How do you expect the casinos here to perform through the rest of 2021? Let us know in the comments section below.