Browse articles by topic

Betting and igaming drive Pennsylvania revenue growth in August


The Pennsylvania Gaming Control Board (PGCB) reported a year-on-year rise in revenue in August following growth across the state’s sports betting and igaming markets.

Revenue for the month amounted to $425.4m, up 4.2% from $408.1m in August last year, but marginally (0.9%) lower than $429.1m in July this year.

Retail slots remained by far the primary source of gambling revenue in the state with $301.3m, though this was down 4.1% from August 2021. Land-based table games revenue also slipped, by 9.1% to $78.5m.

Online gambling revenue increased 20.8% year-on-year to $107.2m. This was made up of $75.7m in internet slot revenue, $28.7m worth of online table games revenue and $2.7m in online poker revenue.

Hollywood Casino at Penn National, a DraftKings partner, retained the top spot with $43.9m in online gambling revenue. Rivers Casino Philadelphia, partnered with Rush Street Interactive, followed with $26.8m, then Valley Forge Casino Resort and FanDuel on $17.7m.

Turning to sports betting, this market experienced the most rapid year-on-year growth, with revenue rocketing 88.6% to $34.0m. The state’s wagering handle also climbed, but by just 4.2% to $363.0m.

Valley Forge, along with partner FanDuel, continued to lead the way with $13.6m in revenue off $132.1m worth of stakes. Hollywood Casino at the Meadows’ Barstool Sportsbook was next with $9.1m and a $91.7m handle, then Hollywood Casino Morgantown on $2.6m worth of revenue off $39.3m worth of handle.

The PGCB also revealed that video gaming terminal revenue for the financial year edged up 1.7% to $3.6m, while fantasy sports contest revenue declined 47.8% to $841,087.