Beset by state-ordered closures during the pandemic, casinos and other gambling operators in Pennsylvania reported a drop in 2020′s revenues of more than one-fifth the previous year, even as their take from online gambling and sports betting skyrocketed.
Pennsylvania also dropped behind New Jersey in traditional casino gambling revenue in 2020, eight years after it passed New Jersey to become the nation’s No. 2 gambling revenue state behind Nevada.
Pennsylvania’s 13 operating casinos, fantasy sports operators and truck stops took in $2.65 billion in gross revenue in 2020, compared to $3.4 billion taken in by 12 casinos in 2019, the Pennsylvania Gaming Control Board said. That was a drop of 22%.
Not including sports wagering, fantasy sports or truck stops, Pennsylvania’s casinos drew $2.4 billion, a drop of 26% from $3.3 billion.
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Pennsylvania’s casinos racked up nearly 1,500 closure days, or 33% of the days the casinos would have operated normally, the gaming control board said.
Traditional land-based casino revenue nearly halved. Slot-machine revenue fell by $1 billion to $1.3 billion, while table games revenue fell by $400 million to $500 million.
However, internet gambling shot up 17 times from $34 million in 2019 to $566 million, and sports betting more than doubled to almost $190 million.
Casinos are open again in January, after being closed until Jan. 4, under the governor’s pandemic orders.
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