July 6, 2023

Nevada Casinos Generate $1.28 Billion in May Revenue, 27th Consecutive Month Above $1 Billion

According to the Nevada Gaming Control Board’s monthly revenue report, the state’s casinos reported combined revenues of $1.28 billion in May. Although this represents a 0.84% decrease compared to the previous year, it marks the 27th consecutive month that casinos have generated over $1 billion in revenues. Revenues on the Las Vegas Strip experienced a 2.1% decrease year-on-year but saw a significant 14.5% increase compared to April. Sports betting operators in Nevada reported $30.1 million in revenue, reflecting an 11% increase year-on-year. Mobile and online sports betting accounted for nearly 68% of all sports bets placed during the month.
June 25, 2023

Pennsylvania Gambling Revenue Surges 7.05% YoY in May, Driven by iGaming and Sports Betting

The Pennsylvania Gaming Control Board (PGCB) has reported a 7.05% year-on-year increase in gambling revenue in May. Combined revenues across all sectors reached $479.3 million. Retail slots remained the primary revenue source, generating $210.8 million. iGaming saw substantial growth, with online casino revenues surging by 24.4% to $140.9 million. Sports betting revenues also experienced a significant boost, rising by 17.4% to $41.1 million. Online sportsbooks accounted for the majority of wagers, generating $460.1 million, while the retail sector accepted over $35.3 million in wagers. Hollywood Casino led the iGaming sector with $58.3 million in revenue, followed by Valley Forge Casino Resort with $29.5 million.
June 21, 2023

WarHorse Casino Lincoln Launches Nebraska’s First Sportsbook

WarHorse Casino Lincoln has announced the opening of its sportsbook, marking the much-anticipated introduction of sports betting in Nebraska. Customers can place wagers at the casino’s sportsbook window or through the convenience of 10 kiosks within the facility. The casino has partnered with Kambi Group and hired experienced industry professional Jason Johnston to manage the sports betting operations. Nebraska residents’ desire for sports wagering has been met, following the approval of ballot initiatives in 2020. While bets must be placed onsite, WarHorse’s app allows users to streamline their wagers. The extensive sports wagering catalog, approved by the Nebraska Racing and Gaming Commission, covers various professional and college sports, potentially revitalizing gambling tax revenues in the state, which have experienced a recent decline. Other casinos in […]
July 6, 2023

Nevada Casinos Generate $1.28 Billion in May Revenue, 27th Consecutive Month Above $1 Billion

According to the Nevada Gaming Control Board’s monthly revenue report, the state’s casinos reported combined revenues of $1.28 billion in May. Although this represents a 0.84% decrease compared to the previous year, it marks the 27th consecutive month that casinos have generated over $1 billion in revenues. Revenues on the Las Vegas Strip experienced a 2.1% decrease year-on-year but saw a significant 14.5% increase compared to April. Sports betting operators in Nevada reported $30.1 million in revenue, reflecting an 11% increase year-on-year. Mobile and online sports betting accounted for nearly 68% of all sports bets placed during the month.
June 25, 2023

Pennsylvania Gambling Revenue Surges 7.05% YoY in May, Driven by iGaming and Sports Betting

The Pennsylvania Gaming Control Board (PGCB) has reported a 7.05% year-on-year increase in gambling revenue in May. Combined revenues across all sectors reached $479.3 million. Retail slots remained the primary revenue source, generating $210.8 million. iGaming saw substantial growth, with online casino revenues surging by 24.4% to $140.9 million. Sports betting revenues also experienced a significant boost, rising by 17.4% to $41.1 million. Online sportsbooks accounted for the majority of wagers, generating $460.1 million, while the retail sector accepted over $35.3 million in wagers. Hollywood Casino led the iGaming sector with $58.3 million in revenue, followed by Valley Forge Casino Resort with $29.5 million.
June 21, 2023

WarHorse Casino Lincoln Launches Nebraska’s First Sportsbook

WarHorse Casino Lincoln has announced the opening of its sportsbook, marking the much-anticipated introduction of sports betting in Nebraska. Customers can place wagers at the casino’s sportsbook window or through the convenience of 10 kiosks within the facility. The casino has partnered with Kambi Group and hired experienced industry professional Jason Johnston to manage the sports betting operations. Nebraska residents’ desire for sports wagering has been met, following the approval of ballot initiatives in 2020. While bets must be placed onsite, WarHorse’s app allows users to streamline their wagers. The extensive sports wagering catalog, approved by the Nebraska Racing and Gaming Commission, covers various professional and college sports, potentially revitalizing gambling tax revenues in the state, which have experienced a recent decline. Other casinos in […]