Pennsylvania’s casinos saw a large decrease in revenue last year.
Casino closures contributed to the decrease last year. Casino closure days totaled 1,473 days last year, or 33 percent of the number of days the 13 casinos would have been operating in a normal year, and video gaming terminals were shut down for a similar percentage of days due to Covid-19 safety measures, according to the Pennsylvania Gaming Control Board.
In 2020, casino revenue totaled $2,653,511,029 compared to $3,412,594,239 in 2019, a 22.24 percent drop. It is the first time since 2010 that casino revenue in Pennsylvania fell below $3 billion. At $1,355,924,785, it was the first time in the last 11 years that slot machine revenue at Pennsylvania casinos fell below $200 million. And at $504,309,266, it was the first time since 2010 that table game revenue fell below $600 million.
Parx Casino, which was closed for 125 days in 2020 led all casinos with $262,581,118 in revenue. However, that was a 37.76 percent decrease from 2019. Hollywood Casino at Penn National in East Hanover Township, which was closed for 120 days saw a decrease of 40.66 percent with $120,532,358 in total revenue last year. The casino was fourth among all Pennsylvania casinos in total revenue. Rivers Casino Philadelphia, which was closed for 165 days in 2019 saw the largest decrease in revenue last year at -55.05% with a total of $81,116,657. Rivers Casino Philadelphia was closed 40 days longer than any other casino in the state last year.
Last year revenue was down at the state’s casinos in slot machine revenue, table games revenue and revenue from fantasy contests.
- Revenue from slot machines at the state’s casinos was $1,355,924,785 last year, a 42.62 percent decrease in revenue when compared to the $2,363,085,678 generated in 2019.
- Revenue from table games at the state’s casinos was $504,309,266, a 44.19 percent decrease in revenue when compared to the $903,594,181 generated in 2019.
- Revenue from fantasy contests in Pennsylvania was $21,148,707, an 18.26 percent decrease in revenue when compared to the $25,872,124 generated in 2019.
There were some bright spots 2020 – sports wagering, video gaming terminals and iGaming all saw increases.
- Revenue from sports wagering was $189,703,465 last year, a 126 percent increase in revenue when compared to the $84,112,967 generated in 2019.
- Revenue for iGaming was $565,776,908 an 1583.87% increase in revenue when compared to the $33,599,749 generated in 2019. However, the first iGaming provider didn’t become operational until July 2019.
- Revenue for video gaming terminals at Pennsylvania truck stops in 2020 was $16,647,898, a 615 percent increase in revenue when compared to the $2,329,540 generated in 2019. However, the first video gaming terminals didn’t become operational in August 2019.
Parx Casino led all of the state’s casinos in slot machine revenue and table games revenue last year. Valley Forge Casino Resort led all of the state’s casinos in sports wagering revenue last year. DraftKings led all fantasy contests operators in the state last year in revenue. And Rivers Casino Philadelphia led all casinos in iGaming revenue in the state last year.
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