It was a healthy month of profits in Pennsylvania both for the state and for the operators. One of the big reasons for the success was that this was the first full month of mobile betting, which gave the bottom lines a boost.
The Pennsylvania Gaming Control Board reported the month of June was a fairly successful one in Pennsylvania as more than $46 million was handled by the books that month. That’s quite impressive as the month is typically a dead point in the sporting calendar with no football, the NBA and NHL seasons wrapped up and mostly just baseball on the schedule.
Although $46 million is a healthy number on its own, it was buoyed by the fact that over $19 million was bet online via mobile apps. That’s 41.7% of the total action. The other $27 million came in via retail wagers.
Of course, betting online or through a mobile app is much easier and much more accessible to customers. Other states like New York force the bulk of their customers to drive hours to the nearest casino to place a sports bet, which obviously increases the difficulty for the customer to get involved.
As for what Pennsylvania collected, it will pick up just shy of $700,000, which is a decent number when you consider that it means they’ll collect over $8 million this year from sports wagering alone.
Many of the Pennsylvania casinos don’t offer online sports betting, so the ones that do will obviously have a leg up. Rivers Casino, Parx Casino and SugarHouse do, with SugarHouse dominating the mobile sports betting market.
South Philadelphia Race and Sportsbook, Harrah’s, Valley Forge Casino, Hollywood Casino, and Oaks Race and Sportsbook don’t offer online sports betting.
SugarHouse reeled in $5.16 million in sports betting revenues at retail locations in June but dwarfed that number online by pulling in $18.1 million. That goes to show just how valuable the online market is and SugarHouse sees that. It has established an early foothold and with little competition, SugarHouse in great shape going forward.
Rivers Casino was the one oddity from the bunch as, while it now offers online sports wagering, it actually lost money in the first month. Rivers had a handle of $848,520 with revenues of $81,122. However, promotional credits were at $195,518 and that ended up causing a loss of $114,395 of gross revenue.
Of course, promotional credits are used to get players in the door, so the casino will hope the customers stay and this number won’t be as much of an albatross going forward.
In terms of the other casinos and sportsbooks, Rivers Casino was at $7 million in handle in June, Parx was at $5.4 million, South Philadelphia Race and Sportsbook had $2.7 million, Harrah’s had $2.5 million and Hollywood Casino had $2.4 million.