Area Casinos See Internet Gaming Revenues Decline in August | Business
Total revenue increased in August compared to August 2020 at Mohegan Sun Pocono in Plains Twp. while it declined at the Mount Airy Casino Resort in Monroe County, but both casinos saw their internet gaming revenues decline.
Total revenue rose nearly 12% at Mohegan Sun Pocono, from around $ 19.5 million in August 2020 to $ 21.8 million in August 2021, while it fell at Mount Airy Casino Resort by more than 11%, from about $ 27 million to $ 24 million in the same time frame, according to figures released Monday by the Pennsylvania Gaming Control Board.
Internet gaming revenue fell almost 22% at Mount Airy, from nearly $ 6.9 million to around $ 5.4 million and more than 35% at Mohegan Sun Pocono, up close from $ 3 million to nearly $ 2 million in August 2021 compared to August 2020, according to the board.
âCertainly, increased competition online may have driven the numbers down,â said Doug Harbach, spokesperson for the Pennsylvania Gaming Control Board.
Overall, the Pennsylvania Gaming Control Board reported that the combined total revenues of statewide casinos and all forms of board-regulated gaming as well as fantasy contests were over. $ 408 million. This represents a 31% increase over total revenue in August 2020 of approximately $ 310.7 million.
Sources of gaming revenue regulated by board revenue include slots, table games, internet casino-type games, sports betting, fantasy contests, and video game terminals.
The Pennsylvania Gaming Control Board’s revenue report for August 2021 showed sports betting was over $ 348.5 million, up 14.5% from July. The amount of online sports betting was around $ 318 million, up 15.5% from July. Sports betting revenue was around $ 18 million, down 9.3% from July. Mobile sports betting accounted for around 91% of the market in August.
Lou Monaco, sports betting analyst for the Gambling.com Group said the August figures released on Monday “were certainly cause for celebration, as sports betting figures across the board showed significant increases, recording a three-month drop in the total number of transactions.”
“With the Phillies still contending in the National Eastern League and with the Eagles, Steelers, Penn State all showing a strong start to the football season, the numbers will only increase during the fall months,” Monaco said.