..

Pennsylvania Gambling Revenue Fell By More Than 20% in 2020

Written by:
Associated Press
Published on:
Jan/20/2021

HARRISBURG, Pa. (AP) — 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.

WHAT YOU GET FOR JUST $5 PER PLAYER PER WEEK:

  • Easy to use player management system
  • Set player limits and access
  • Create and Edit your players
  • Daily, Weekly and Monthly Player figures
  • Intuitive and reliable reports
  • Player Risk Management Tools
  • And much more - Learn More Here

WHAT YOU GET:

  • sports betting
  • Live Betting
  • Player Prop Bet Builder
  • horse racing
  • digital casino
  • live dealer casino
  • access to our telephone service - Learn More Here

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.

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.

Gambling News

About as Many Bets on Logan Paul to Beat Mayweather as Were on Canelo

On Saturday night, BetOnline revealed that there were around as many bets on Logan Paul to beat Floyd Mayweather, Jr. next month as there were on Canelo Alvarez to win his unification bout vs.

What Happens To My Bet If Medina Spirit Loses Kentucky Derby Win?

What Happens To My Bet If Medina Spirit Loses Kentucky Derby Win?

There was discussion Sunday that Medina Spirit could have his Kentucky Derby win removed after it was discovered the horse had 21 picograms of the steroid betamethasone, double the legal threshold in Kentucky racing, in a postrace sample.

Borgata Drops Trade Secrets Lawsuit Against Ocean Casino

Borgata Drops Trade Secrets Lawsuit Against Ocean Casino

Atlantic City’s top casino has dropped its lawsuit against a rival it accused of poaching key executives and attempting to steal valuable trade secrets.

Chinese Rocket Debris Lands in Indian Ocean at 1-3 Odds

Chinese Rocket Debris Lands in Indian Ocean at 1-3 Odds

Parts of an out-of-control Chinese rocket that towered ten stories high finally impacted the Earth during the early morning hours of Saturday (Eastern Time).

Odds of Where the Chinese Rocket Will Crash

Odds of Where the Chinese Rocket Will Crash: Land 3-1, Water 1-2

With the Earth made up of 71% water, the odds of the Chinese Long March 5B rocket debris hitting land are long.

Syndicate