Bally’s Reports First Online Casino Profitable Month
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Bally’s is a relatively young player among Pennsylvania online casinos in the state. Still, the business is beginning to establish itself. The operator reported the first gross profit-positive month in the Keystone State during its Q1 2024 financial release.
Bally’s does not get the same level of attention as BetMGM, FanDuel, and DraftKings. Pennsylvania, however, has shown that there is space in the state for smaller businesses to prosper.
Revenue at Bally Casino PA has increased every month in Q1 2024, and this trend is set to continue as the year goes on.
In Q1, Bally’s Surpasses a Well-known Online Casino Provider in Keystone State
In terms of gross income, PA online casinos are the best in the US and have been for some time. Online platforms generated $233.1 million in revenue in March, a record for the US.
Even while the typical market leaders get the most of the attention, smaller operations like Bally’s are crucial to the achievement of such milestones.
It made its modest debut in the Keystone State in July. It should come as no surprise that Bally’s, an online casino that often finishes last, began to improve in Q1 2024, generating some of its highest revenue totals. In Pennsylvania, it surpassed $4 million for the first time ever:
- January: $5.5 million
- February: $6 million
- March: $6.3 million
In a presentation to investors, the operator attributed the increase in profits to a rising active player base and a notable growth of the player base, which was driven by great customer retention. During the conference call, Robeson Reeves, CEO of Bally, said that the company’s interactive sector in North America had a very successful quarter and that it is still gaining a significant portion of the iGaming industry in Pennsylvania and New Jersey.
