Pennsylvania Smashes Records with March Gambling Revenue
The state of Pennsylvania saw a record-breaking month in March when it comes to gambling revenue. According to the Pennsylvania Gaming Control Board, the total revenue for all forms of gambling in the state reached an astounding $403.1 million in March, surpassing the previous record of $301.9 million set in February.
The surge in revenue can be attributed to a number of factors, including the ongoing COVID-19 pandemic that has kept many people at home and looking for alternative forms of entertainment. Additionally, the recent legalization of online sports betting and online casinos in Pennsylvania has also contributed to the increase in revenue.
One of the biggest contributors to the record-breaking revenue was online casinos, which brought in a total of $110.6 million in March. This figure represents a 36% increase from the previous month and a whopping 209% increase from the same time last year.
The state’s retail casinos also saw a significant increase in revenue, with a total of $236.1 million generated in March. This figure represents a 31% increase from February and a 24% increase from March 2020.
Sports betting also played a significant role in the record-breaking revenue, with a total of $29.6 million generated from both retail and online sportsbooks in March. This figure represents a 4% increase from the previous month and a 798% increase from the same time last year.
The surge in gambling revenue is a welcome development for Pennsylvania, which has been hit hard by the economic impact of the COVID-19 pandemic. The additional revenue generated by the gambling industry will help the state recover and provide much-needed funding for various programs and initiatives.
Overall, the record-breaking gambling revenue in March is a testament to the resilience and adaptability of the industry in the face of challenging circumstances. As more people turn to online gambling and sports betting for entertainment, it is likely that Pennsylvania will continue to see strong revenue numbers in the coming months.
