{"id":2751,"date":"2022-11-18T13:41:45","date_gmt":"2022-11-18T13:41:45","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=2751"},"modified":"2022-11-18T13:41:45","modified_gmt":"2022-11-18T13:41:45","slug":"online-slots-hit-huge-highs-for-pennsylvania-in-october","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/online-slots-hit-huge-highs-for-pennsylvania-in-october","title":{"rendered":"Online Slots Hit Huge Highs for Pennsylvania in October"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2022\/11\/online-slots.jpg\" alt=\"Online Slots\" title=\"Online Slots Hit Huge Highs for Pennsylvania in October\" width=\"300\" class=\"alignright size-full wp-image-2752\" \/><strong>Summary<\/strong><\/p>\n<ul>\n<li>Gambling revenue jumped over 5% year-on-year in October. <\/li>\n<li>Total revenues reached $450.2 million.  <\/li>\n<li>Online slots generated over $86 million.  <\/li>\n<\/ul>\n<p>The gambling industry in Pennsylvania is doing well, with the <strong>Gaming Control Board<\/strong> reporting the <a href=\"https:\/\/gamingcontrolboard.pa.gov\/?pr=1015\">October gaming totals<\/a> this week. <\/p>\n<p>Overall, the <strong>industry generated just over $450 million<\/strong> with <a href=\"https:\/\/www.casinousa.com\/games\/slots\">online slot gaming<\/a> helping to push totals to new heights. The most recent month revenues surpassed October\u2019s 2021 $425.9 million in earnings plus beat out September totals. <\/p>\n<h2 id=\"breakdown-of-gaming-earnings\">Breakdown of Gaming Earnings <\/h2>\n<p>Retail slots continue to be the main revenue driver for the state. In October, the sector produced $199 million. While this amount is quite high, it is lower than last year at just over 2%. Retail gaming earnings were down considerably, dropping over 10% with only $79.3 million in earnings. <\/p>\n<p>Online slots were the star of the show last month, becoming the second highest source of revenues for the state. <strong>Just over $86 million in earnings were generated<\/strong> which is an increase of more than 22% from October 2021. We could eventually see <a href=\"https:\/\/www.casinousa.com\/games\/slots\/real-money-slots\">real money slot games<\/a> overtake the retail sector as the top earner. This will depend on how popular the online sector remains or grows to be in the coming months. <\/p>\n<p>Online table game earnings even jumped too, bringing in $35.7 million, an increase of over 21%. Online poker was not so fortunate, dropping over 12% with only $2.5 million in earnings. <\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/oIQxIaMmhFY?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<h2 id=\"top-earners-in-the-igaming-market\">Top Earners in the iGaming Market <\/h2>\n<p>With online gaming doing so well, it\u2019s interesting to note who the top earners are in the state. The <strong>Hollywood Casino<\/strong> at Penn National holds the number one spot. Bringing in $52.7 million of the total monthly earnings. Following way behind in second place is <strong><a href=\"https:\/\/www.casinousa.com\/news\/rivers-casino-philadelphia-bans-smoking-permanently\">Rivers Casino Philadelphia<\/a><\/strong> with $29.3 million. <\/p>\n<p><strong>Valley Forge Casino Resort<\/strong> came in third, not far behind Rivers, with $23.4 million in earnings. It seems Hollywood will be able to hold on to the top spot since its competitors are so far behind in their revenue totals. <\/p>\n<p>Sports betting was also successful in October. The sector was able to generate a huge boost in earnings, coming in at over 72% more than October 2021. The total for this year sits at just over $40 million. The majority of that number, $34.4 million, came from online betting. The monthly handle also increased with $797.1 million in earnings. <\/p>\n<p>Market leaders for sports betting include FanDuel and its partner Valley Forge. The brand brought in over $22 million of the monthly earnings. Hollywood Casino was far behind with Barstool as its partner, bringing in $7.8 million in revenues. <\/p>\n","protected":false},"excerpt":{"rendered":"Summary Gambling revenue jumped over 5% year-on-year in October. Total revenues reached $450.2 million. Online slots generated over $86 million. The gambling industry in Pennsylvania is doing well, with the Gaming Control Board reporting the October gaming totals this week. Overall, the industry generated just over $450 million with online slot gaming helping to push [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-2751","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Online Slots Hit Huge Highs for Pennsylvania in October<\/title>\n<meta name=\"description\" content=\"Gambling revenue was boosted in Pennsylvania for October 2022, with help from the online slot sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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