As one of the first states in the US to get on board with online gambling and sports betting in general, it comes as no surprise that Pennsylvania has grown to be one of the biggest gambling states in the US. The revenue of Pennsylvania has continued to shatter previous records in the state as more and more residents join the wave of sports betting and online casino gaming.
There are plenty of signs that the October that Pennsylvania had won’t be the last record breaking month but it’s worth taking a look at some of the numbers the Keystone State arrived at and how the contrast to previous months in 2021.
Pennsylvania not only surpassed previous months in terms of overall gambling revenue, they absolutely smashed some of the individual records. For starters, you only need to look at the incredible surge in online sports betting revenue in the state for October. Pennsylvania hit a mammoth $776 million for sports betting alone in October which surpassed the January record for the year which sat at a respectable $615 million.
That is a little over $160 million more than the previous record they set. This is obviously largely due to the start of the NFL season as bets have been flowing in. The NFL always brings with it a staggering amount of bets whether they be futures on the winner of the SuperBowl or a week to week basis. With that aid, this still shouldn’t take any of the shine away from the sports betting sites in Pennsylvania and the state itself, as it is clearly doing something right.
It wasn’t only the sports betting industry that saw records being smashed. The online gambling industry also saw a strong rise in revenue for October. It was closer than the sports betting industry but it still shows what may yet come for Pennsylvania iGaming. The previous record for iGaming in a month was set in July of this year which was $101 million. October saw a $1 million rise to $102 million.
Other honorable mentions for the month go to online poker play and in person casino gaming. The casino revenue brought in sat around $425 million while the poker industry achieved its third best month of the year in terms of revenue. It did drop by 2% from September but the Pennsylvania Gaming Control Board shows that it actually increased by 17% from the same period in 2020.
Based on the figures that have come out of the Keystone state over the last 2 years, it is clear for all to see what kind of trajectory the gambling industry in the state is on. Not only are records being shattered from month to month in 2021 but the sheer gap between numbers from 2020 and 2021 are all you need to really look at to see the exponential growth of the industry in the state.
Pennsylvania has now generated a total of $10 billion in sports betting wagers alone. This sustained growth over a long period has seen them enter the very top of gambling statistics in the US as only Pennsylvania and New Jersey can count themselves in the bracket of states that have made more than $1 billion in a calendar year. The future of sports betting and iGaming in Pennsylvania looks mighty bright as the Keystone state moves from strength to strength and from record to record every year. Look out for Pennsylvania to potentially take over from New Jersey as the biggest gambling earner in the US.
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