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.

Nevada Gambling Winnings Surpassed $1 Billion in September

The state of Nevada is experiencing some massive revenue gains this year. New reports indicate that Nevada gambling winnings surpassed $1 billion last month. It’s the fifth time in 2019 that casinos here have brought in more than a billion dollars.Nevada Sign On Highway

Things are clearly going well in this state. Today, we’re going to look at which forms of gambling brought in the most money here in September. We’ll also talk about which areas of the state managed to generate the most revenue. Let’s get into it!

Nevada Proves It’s Still the Casino Capital of the US

Nevada, and specifically Las Vegas, has always been considered to be the gambling capital of the US. Recently, however, several states have expanded their gambling industries. It seemed as if some parts of the country could overtake Nevada in terms of gambling revenue.

This is beginning to seem less likely. Nevada’s Gaming Control Board has confirmed that casinos in this state won more than $1 billion in September. In total, casinos here managed to bring in $1.059 billion.

It’s a massively successful number for the state, which heavily relies on gambling revenue to function.

Casinos have now generated more than a billion dollars for the fifth time this year. Nevada gambling winnings in September even set a new record. It was the most money ever made during this month. The previous record was held in 2007.

No other state can currently compete with Nevada’s gambling industry. New Jersey is pulling in impressive revenue figures, yet it’s not quite at Nevada’s level. We’ll need to wait and see how long this winning streak continues for.

Baccarat Helps to Boost Nevada Gambling Winnings

Baccarat is one of the most popular casino games in the world. In case you’re unaware, this is a common table game available in almost all Nevada casinos. It’s grown extremely popular over the years and has proven to be a huge earner for casinos around the country.

According to the Nevada Gaming Board, this game helped to generate a significant amount of money last month. Michael Lawton, a senior research analyst for the Gaming Control Board, commented on the earnings from this game to the media this week.

“Baccarat held 19.47 percent compared to a very weak 9.81 percent last year,” he said. “This stronger hold offset soft volumes, as baccarat volume totaled $557.1 million which was a decrease of $160.7 million or 22.4 percent (from last year).” 

Interestingly, Lawton claims that baccarat’s trends aren’t exactly great.

“Although this month’s baccarat results were a significant improvement over last year, the long-term trend for the state’s baccarat business remains choppy at best, as win is currently down 9.3 percent calendar year to date and volumes are down 12.4 percent.”

Slot machines also contributed to Nevada gambling winnings last month. This form of gambling helped to bring in $690.2 million. This represents an 8.3% increase from the same month in 2018.

Las Vegas Continues to Bring in the Most Money for Nevada

Las Vegas is home to many of the biggest and best casinos in the world. The Las Vegas Strip, in particular, features a massive number of world-class gambling venues. Most of these casinos generate a huge amount of money every single month.

Overall, Clark County managed to bring in $913.6 million in September. This is up more than 8% from the same period last year. Las Vegas Strip revenue increased by 7% to $584.2 million.

Amazing, Downtown Las Vegas experienced the biggest Nevada gambling winnings increase last month. This area of the city brought in $65.9 million, an increase of 19.9% from 2018. This is great news, considering gambling revenue in the Downtown area fell last month by 1.9%.

Nevada has seen its casinos generate an increase in revenue for the past four months. Soon, the Las Vegas Convention and Visitors Authority will release the state’s official tourism numbers from last month.

Nevada gambling winnings continue to increase. Stay tuned for more casino news on this city over the next few months!