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This statistic highlights Penn National Gaming’s Revenue Breakdown, split across Midwest, Northeast, South, West and Others, reported on a quarterly basis from Q1 2017 onwards.
Penn National Gaming is a diversified, multi-channel, and prime provider of retail and online gaming, live racing, and sports betting entertainment. It operates through the following business regions: Northeast, Midwest, South, West, and Others.
Revenue by Region | Q3 2020 | Q2 2021 | Q3 2021 | Revenue Contribution in Q3 2021 |
Northeast | $545.10 | $652.50 | $672.40 | 44% |
South | $255.60 | $368.20 | $318.20 | 21% |
Midwest | $229.10 | $294.80 | $285.70 | 19% |
West | $78.70 | $140.40 | $145.70 | 10% |
Other | $23.70 | $97.70 | $96.50 | 6% |
Total | $1,129.70 | $1,545.80 | $1,511.80 | 100% |
(All figures in millions, except percentages)
Penn National Gaming’s total revenue grew by $382.10 million as compared to $1,129.70 million in Q3 2020, indicating a 37.7% growth on a periodic basis. However, it faced a downfall of 2% compared to the amount of $1,545.80 million that was earned in Q2 2021.
Penn National Gaming’s revenue can be further bifurcated in the following regions:
Northeast
The Northeast segment comprises various properties, like Ameristar East Chicago, Hollywood Casino and Greektown Casino Hotel. The Northeast segment’s revenues for the three months ended September 30, 2021, increased by $127.3 million as compared to $545.10 million in Q3 2020, and grew by 3% as compared to $652.50 million in Q2 2021. The Northeast Segment accounted for 44% of the total revenue.
South
The South segment consists of properties such as 1st Jackpot Casino, Boomtown Biloxi, and Ameristar Vicksburg. The South segment’s revenues for the three months ended September 30, 2021, increased by $62.6 million as compared to $255.50 million in Q3 2020 and fell by 13% as compared to $368.20 million in Q2 2021. The South Segment contributed 21% to the company’s total revenue.
Midwest
The Midwest Segment operates properties including Ameristar Council Bluffs, Argosy Casino Alton, Argosy Casino Riverside and Prairie State Gaming. The Midwest segment’s revenues for the three months ended September 30, 2021, increased by $56.6 million as compared to $229.10 million in Q3 2020 and fell by 3% as compared to $294.80 million earned in Q2 2021. The Midwest Segment makes a contribution of 19% to the company’s total revenue.
West
The West segment operates properties including Ameristar Black Hawk, M Resort., Cactus Petes and Horseshu. The West segment’s revenues for the three months ended September 30, 2021, increased by $67.0 million as compared to $78.70 million in Q3 2020. It grew by 4% as compared to $140.40 million in Q2 2021. The West Segment comprised 10% of the entire revenue.
Others
The Other segment comprised properties such as Sanford-Orlando Kennel Club, Freehold Raceway, and Racetrack. Total revenue for the Other category for the three months ended September 30, 2021, increased by $72.8 million as compared to $23.70 million in Q3 2020 and fell by 1% as compared to $97.70 million in Q2 2021. The Other Segment makes a contribution of 6% to the the company’s total revenue.
Penn National is one of the world’s leading and most diversified regional gaming footmark, which incorporates 44 properties across 20 countries. Many of them fall under the company’s Hollywood Casino brand. The company was founded by Peter M. Carlino in 1982 and is situated in Wyomissing, PA. It owns and manages gaming and racing properties, video gaming terminal (“VGT”) operations, and retail and online sports betting operations. The company’s interactive division, “Penn Interactive” operates retail sports betting across the Company’s portfolio, as well as; online sports betting, online social casino, bingo and online casinos (“iGaming”). The net revenue of Penn National for the year ended December 2021 amounted to a figure of $3.57 billion.
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