2020 was a challenging year for the gambling industry due to the impact of the coronavirus pandemic. Gambling revenue in Pennsylvania dropped by 20%. The PA gambling industry has been trying to resurface after the 2020 dip.
The Pennsylvania online gambling market began 2021 on the right footing with a new monthly record of $80.4 million in revenue recorded in January. That marked seven consecutive months of high revenue records.
The monthly revenue witnessed in January was an 11% increase from the $71.6 million recorded in December 2020. The numbers are even crazier when compared to January 2020, when the PA online gambling industry generated under $14 million in revenue.
The collective total revenue collected from all forms of gambling in PA, including fantasy contests, witnessed a 2.73% increase in January, hitting $311.1 million. Online slots were the major contributor to the PA gambling revenue with $51million. That was a 609% upsurge compared to January 2020. Online table games followed with $26.7 million in revenue, a 479% increase. Online poker was third with $2.7 million, a 26.35% increase.
Revenue wise, the top performer in January was Penn National Gaming’s Hollywood Casino which managed to collect $44.6 million in revenue. Valley Forge Casino bagged $38 million, and Rush Street Interactive followed closely with about $36.9 million collected in January.
Following the strong start of the PA iGaming…