Pennsylvania Online Casinos, Sportsbooks Start 2023 With Flourish
January 2023 wasn’t another record-breaking month for online Pennsylvania casinos. Nonetheless, it was just about the best start that gambling licensees in the state could have asked for when paired with sportsbook revenue.
Online casinos surpassed $160 million in revenue for the fourth consecutive month in January. Meanwhile, sports betting activity across the state generated more money for licensees during the month than it did at the same time last year.
Online Pennsylvania casinos hit $160 million again
December 2022’s total for online casino revenue will stand as the state record for a single month. According to Corey Sharp of PlayPennsylvania, online casino operators in the state won $160.3 million from players in January 2023.
While that represents a month-over-month decline of about 4%, it keeps Pennsylvania on its streak of surpassing the $160 million mark. It’s been a full third of a year since online casinos in the state failed to reach that threshold.
Leading the way for th e month among licensees was Hollywood Penn National with $66.3 million in win. That casino partners with BetMGM Casino and DraftKings Casino in Pennsylvania. Also, the 18 licensees improved upon their combined January 2022 performance by over 23%.
Online casinos weren’t the only gambling platforms to earn more revenue this year compared to the same month in 2022.
Sportsbooks have solid January as well
Pennsylvania sports betting performed quite respectably to start 2023, too. According to the Pennsylvania Gambling Control Board, the online and physical sportsbooks took over $772.2 million in bets during the month.
After deducting promotional credits and paying out winning wagers, the books combined to keep $39.2 million of that total. Those same statistics for January 2022 were:
- Amount bet – $793.7 million (+2.8%)
- Revenue – $32.1 million (-18.2%)
FanDuel and its partner in Pennsylvania, Valley Forge Casino, once again decimated the competition. With in-person and online bets combined, that licensee accepted $313 million in bets (about 40.5% of the state total) and held $26.9 million (around 83.8% of the whole).
If online casinos can keep up the pace of a 23% year-over-year improvement and sportsbooks can maintain an 18% uptick in the same measure, 2023 won’t just be a record-breaking year for gambling in Pennsylvania. It will be a blowout.