Pennsylvania Casinos Rake in $429 Million in July As the State Grants Pariplay a Gaming License
Pennsylvania's gaming market grew by 1.3 percent year-over-year in July. The Pennsylvania Gaming Control Board (PGCB) earned $429,07 million in total revenue last month. It was 1.28 percent more than the revenue it earned in July 2021.
The PGCB regulates online gaming, fantasy contests, table games, slot machines, video gaming terminals (VGTs), and sports betting. The gaming board generated $177.1 million in total tax revenue from fantasy contests and all types of gaming in July and $213.9 million from land-based casino slot machines.
It was 4.03 percent less than what it generated in July 2021. Still, the number of active slot machines dropped from 25,710 to 25,684 in the last year.
Slots generated $108.8 million last month while table games generated $86.6 million. This was 0.27 percent less than what they generated in July 2021. Table games generated $13.9 million last month.
Online casinos earned $98.5 million in revenue in July 2022 and $88.6 million in July 2021. This was an 11.15 percent revenue increase. Besides, they paid $43 million in internet gaming tax last month.
Sports gambling operations earned Pennsylvania casinos $336.5 million in July 2022. It was 10.54 percent more than what they earned in July 2021.
Pariplay Gets a Pennsylvania Gaming License
Pariplay is a popular online games provider that has ventured into the North American market of late. It announced on Tuesday that Pennsylvania issued it a license to provide online games to local online casino operators. Even so, the gaming company hasn't disclosed the apps that will start providing its games.
Its latest press release confirmed that the PGCB had issued the gaming firm an Interactive Gaming Manufacturer License. This is its fourth license after Michigan, West Virginia and New Jersey gave it a green light to operate in their jurisdictions.
The new gaming license will allow Pariplay to seal deals with future and existing online casino operators in the state to integrate Pariplay games into their gaming choices. The announcement stated that the company's Fusion gaming platform will provide more than 13,000 titles from over 80 different developers.
Even so, Pariplay hasn't revealed any new deals that it has made with Pennsylvania operators. But it has one partnership so far.
BetMGM Pennsylvania Might Be the First Operator to Provide Pariplay Titles
BetMGM and Pariplay collaborated in November 2021 to allow BetMGM's New Jersey and Michigan casinos to offer Pariplay games. Pennsylvania players can access Borgata Casino, Stars Casino, and BetMGM Casino.
Pariplay hasn't made an official announcement about expanding its partnership with BetMGM. But, it might do so soon since it has a Pennsylvania gaming license.
The gaming company partners with Golden Nugget Casino. But, the gaming operator doesn't operate in Pennsylvania. Pariplay ended its collaboration with PlayStar Casino in New Jersey and the app hasn't gone live in the state.
Pariplay is a turnkey solution to Pennsylvania players now and it might attract more of them compared to FanDuel, DraftKings, and Caesars. The latest statistics show that Pennsylvania generated more online casino revenue than New Jersey early this year, as its online casinos generated more than $543 million in gross gaming revenue between March and June.