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Pennsylvania Online Casinos and Sportsbooks Had A Record Year

June marked the end of a record-shattering fiscal year for Pennsylvania casinos and sports betting.

The Pennsylvania Gaming Control Board reported that revenue for all forms of gambling in Pennsylvania reached over $5 billion for FY 2021/22. It’s the first time revenue eclipsed $5 billion for gaming in PA and it far surpassed last year’s record of $3.8 billion. The Board attributed the record high to table games and the growth of sports betting, online casinos and VGTs.

June 2022 numbers for Pennsylvania sports betting

The seasonal summer slide for Pennsylvania sportsbooks continued as handle dropped to $393.5 million in June. Revenue at PA sportsbooks for the month was $22.8 million, a 54% MoM decrease.

Figures from the Pennsylvania Gaming Control Board:

• Handle: $393.5 million (20% MoM decrease)
• Revenue: $22.8 million/adjusted gross revenue (taxable): $12.7 million
• Hold: 5.8% (down from 9.7% last month)
• Percent of bets placed online: 93%
• Promotional credits: $10.1 million
• June sports betting taxes: $4.3 million to the state and $255,391 to local entities.
• Top sports betting app by handle: FanDuel Sportsbook with $151.8 million
• Top sports betting app by revenue: FanDuel Sportsbook ($9.9 million)

*Full revenue breakdown below.

June 2022 numbers for online casinos and poker in PA

• Online slots revenue: $95.7 million
• Online table games revenue: $28 million
• Poker revenue: $2.6 million

*Full revenue breakdown below.

6 key takeaways from a record-breaking year for gambling in PA

1. Three years of online sports betting in PA

Online sportsbooks started launching in Pennsylvania in the summer of 2019. Three years later, there are now 14 sports betting apps. In FY 2021/2022, over $7 billion was bet on sports in Pennsylvania. Last FY, $5.6 billion was wagered.

Sportsbooks brought in about $510 million in gross revenue ($315.7 million in taxable revenue). It’s an increase from $308.8 million in taxable revenue from last FY.

Of all the bets placed in PA, about 92% were placed online. Of all online wagers, 38% were placed on the FanDuel sportsbook app which represented the largest majority of the market share in PA. FanDuel, through its partnership with Valley Forge Casino, was the far-and-away FY leader for gross revenue with $228.5 million. DraftKings sportsbook was a distant second for revenue with $88.5 million.

2. PA online casinos are golden

“iGaming is the pot of gold in the United States,” said Bobby Soper, CEO Sun Gaming & Hospitality, during the SBC Summit North America last week.

Sports betting is subject to seasonality. PA online casinos have remained golden.

PA online casinos’ monthly gross gaming revenue from March 2022 to June 2022:

• March: $142.7 million (US record)
• April: $138 million
• May: $136 million
• June: $126.3 million

In FY 2021/2022 revenue from PA online casinos broke the $1 billion mark. PA online casinos combined to produce $1.2 billion in taxable revenue, a 35% increase from last year. Penn National, whose online casino brands in PA include DraftKings, BetMGM, Barstool, PointsBet and Hollywood casinos, led the iGaming market in PA with $481.3 million in taxable revenue in FY 2021/22.

3. PA casinos broke records for table game revenue; slot play solid, too

It’s been three years since PA online casinos and sports betting apps arrived in PA. Would these new forms of gambling cannibalize traditional brick-and-mortar casinos? Signs point to “no.” Since August 2021, two mini-casinos have opened in PA and two more are planned.

Wind Creek Casino in Bethlehem led all casinos with $235.8 million in table game revenue, a 76% increase over last year. Parx Casino was next with $213.7 million. Two Philadelphia casinos located miles apart rounded out the No. 3 and No. 4 spots: Rivers Casino Philadelphia ($104.7 million) and Live! Casino Philadelphia ($99.8 million).

Slot revenue for FY 2021/2022 at PA casinos was $2.4 billion, about a 28% increase from last year.

4. State collected lots of tax dollars from gambling

New Jersey lawmakers set a tax rate of 8.5% for retail sportsbooks and 13% for online sportsbooks. Pennsylvania’s tax rate for sports betting is one of the highest in the country at a whopping 34%. During FY 2021/2022,the state collected about $114 million in taxes from sports betting.

However, that pales in comparison to what the state collected from their cut of slot and table games at brick-and-mortar casinos.

PA has a 34% state tax rate on slot machines which resulted in $819.2 million in tax dollars for the state during the fiscal year.

The state tax on banking, non-banking and electronic gaming tables in Pennsylvania is 14% for the first two years following start of table games operations at each licensed facility. After the initial two years, the tax rate drops to 12%.

The state collected $1.2 billion in taxes from table games at Pennsylvania’s 16 casinos.

Online casinos provided another source of tax dollars for the state.

• Online slots (taxed at rate of 34%): $288.1 million
• Table games (14%): $48.9 million
• Poker (14%): $4.6 million

5. Sportsbooks still in a generous mood

It’s said at conferences and quarterly earnings calls. The amount of freebies given away by sportsbooks is unsustainable. But right now, it doesn’t show signs of stopping.

In the fiscal year 2020/2021, PA sportsbooks gave away $131.8 million in promo credits. That number increased in 2021/2022 to $194.2 million. However, it wasn’t from newcomer PointsBet ($4.2 million in promo credits).

Most promo money spent in PA during FY 2021/2022

1. FanDuel: $68 million
2. BetMGM: $50 million
3. DraftKings: $36 million

6. Caesars Sportsbook in the red

Caesars sportsbook, through its partnership with Harrah’s Casino Philadelphia, was the only online sportsbook to finish the year with gross revenue in the red (-$69,655).

The new version of the Caesars sportsbook has yet to go live in Pennsylvania. During Caesars Q1 earnings call, they said they expect all of the remaining Caesars branded apps and sportsbooks to be running on the Liberty platform by the end of the year. Liberty is the tech platform Caesars acquired as part of its purchase of William Hill.

Pennsylvania online casinos sportsbooks after three years

Lead image c/o Katie Kohler.

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I wanted to share with you a small insight and my personal experience about this gem among online casinos. Slotwolf is a prodigy of N1 Interactive Ltd. This well-known company is responsible for some of the prominent names in the gambling industry, like Gslot casino, Paradise casino, Slothunter casino and a whole bunch more. Just this fact must add some value I guess. My general impression is that the guys at Slotwolf placed functionality and gaming above all else. You can see it from the moment you set your foot inside this online establishment.

Their website has a simple, yet efficient design, making browsing and navigating easy and with no major hiccups. The colours are not flashy and all of the shortcuts are visibly placed at the top of their homepage.

Under the “All providers” tag, you’ll find a nice layout of games, placed into sections, with their respectable software providers. There are over 4,000 titles, so you definitely won’t be bored. Besides slots (which are of course the most numerous), you can find a bunch of live casino games, jackpot games, drops & wins and whatnot. All in all, one nice and dandy gaming library.

Next in the line is the “Promotions” button that will take you to their bonus page. Although they offer players options to choose between standard and high roller bonus, Slotfwolf offers only a couple of bonuses, the welcome bonus being the main one. Bonus terms are generally okay-ish, but as I said not so many bonuses to choose from. Also, there is also a 3-tier VIP program, interestingly named “Wolfpack”. Occasionally, Slotwolf organizes tournaments, where you can compete for some awesome prizes and jackpots. Usually, they revolve around slots, but once in a while, Slotwolf shuffles the deck and gives players a chance to compete in some other games.

One thing that caught my eye, though, is a somewhat big number of European countries that are not allowed into the casino. Here is the complete list of restricted countries: Anguilla, Australia, Belgium, Czech Republic, Lithuania, Estonia, Israel, France and its overseas territories (Guadeloupe, Martinique, French Guiana, Réunion, Mayotte, St. Martin, French Polynesia, Wallis and Futuna, New Caledonia), Italy, Slovakia, Slovenia, Spain, Turkey, United Kingdom, United States of America, Ukraine, and Greece.

When it comes to banking, Slowtwolf is quite similar to most of the good online casinos. Providing safe and secured transactions, they offer players various deposit/withdrawal methods, which may vary from country to country. Transactional limits are ok (€4,000 for most methods) and there aren’t exceptional fees. The withdrawal time frame heavily depends on the payment method you use.

Customer support works like a charm, at least in my experience. I used both options of reaching them – email and live chat and couldn’t find any major problems there. Overall, Slotwolf is a good online casino that provides players with a true online casino experience.

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We have been working in the industry since its inception, one of the founders has been around since the early 2000´s leading one of the first bookmakers through the .com boom all the way to the sale of the brand to Bwin.Party in 2006.

The backbone technology on which our brands sit has been designed to be fast, blazing-fast, app-first and real-time in any aspect you can imagine. From real-time reporting of your results to real-time unlimited bonus definitions and engagement scenarios. You name it and we will bring it in the mix.

First things first, what are our Super Powers and would you bother to work with us?

• High Revshare %: GPWA special 60% of Net Revenue Share for 60 days for everyone that joins throughout April. After this period, we will contact everyone over Skype and discuss personal deals.
• No Admin fees.
• No Negative carry-over
• Gross Gaming Revenue share-based commission available
• Personalized round-the-clock support from a competent affiliate account manager
• Exclusive and tailor-made bonuses for anyone who requests it
• Seamless and detailed affiliate reports
• Compelling creative including bespoke and localized landing pages
• Real-time reporting, actual back-office access for increased transparency, with no reliance on third-party platforms, plus the possibility to add bespoke reports upon request.
• Multiple brands Casino Sinners is the first of many other forthcoming, new brands that are being built as we speak.

About Our Brands:
· App First Progressive Web App (PWA), Mobile, Tablet and Desktop – Casino Sinners is a Progressive Web Application (PWA) that works seamlessly on mobile, irrespective of device, lightning-fast loading speeds, in addition to the installable desktop website.

• Powered by Dench– Casino Sinners is the first of a series of B2C casino brands by Dench eGaming Solutions
• AI platform– through the Dench AI-driven platform, Casino Sinners benefits from automated real-time data, player analytics, and limitless personalization.
• Multiple languages including English, German, French, Spanish, Portuguese, Finnish and Russian with more to come.
• Over 500 Casino and slot games plus live casino- from a variety of top providers like Microgaming, Pragmatic Play, Playson.
• Massive customizable bonuses and personalized offers.

So I would like to invite you to become an affiliate partner with us. Do you have any questions?

Feel free to ask anything you have on your mind right here or on my e-mail:

friends@denchsolutions.com or on Skype: live:.cid.e85e86f8a7d9cc68

Thanks for taking your time and reading this.

Looking forward to working with all of you!

Mucho love,

Adrian

FriendsofDench

| CasinoSinners.com | Winludu.comSkype: live:cid.e85e86f8a7d9cc68 | Email: friends@denchsolutions.com

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Treasure Hunter Simulator on Steam

About This Game

Treasure Hunter Simulator gives you a chance to explore historically important locations worldwide and, by using your metal detectors, to discover that past by finding interesting artefacts and getting to know their historical significance.

With locations scattered all over the world, you’ll need to find something interesting and valuable in your local woods to gain the prestige and funds needed for better equipment and travel expenses to exotic, remote locations. You can decide to keep artefacts for your collection or to auction them off to travel even further or get even better gear.

Treasure Hunter Simulator is not a hardcore metal detector simulator, but rather a mix of arcade and simulation. With streamlined detector mechanics the game is enjoyable not only for the fans of the genre, but casual gamers as well. Simple, intuitive gameplay elements combined with beautiful landscapes make for a truly enjoyable experience.

Key features:

• 11 beautiful, handcrafted locations
• 8 different metal detector types to upgrade
• 100+ artifacts to find
• 10+ legendary artifacts
• Artifacts can be found in various conditions
• Identification and collection of artifacts
• Artifacts can be sold to bolster funds for better gear and travel expenses to remote locations

What Curators Say

48 Curators have reviewed this product. Click here to see them.