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PA gambling revenue reaches $476.7m in April

News

Gambling revenue in Pennsylvania climbed 3.3% year-on-year in April but fell short of the monthly record set in March.

Total market revenue for the month amounted to $476.7m, up from $461.6m in April 2022 but 7.5% lower than the record $515.3m in March of this year.

Land-based slots, the primary source of revenue for the state, declined 2.2% year-on-year to $213.0m. Retail table games also slipped 7.8% to $84.4m.

In contrast, online casino gaming revenue jumped 21.3% to $137.2m. Internet slots revenue was up 24.7% to $95.6m and igaming tables revenue climbed 16.1% to $38.9m, though ipoker revenue slipped 7.0% to $2.7m.

Hollywood Casino at Penn National retained top spot with $58.5m in total igaming revenue. Valley Forge Casino Resort was second with $31.2m, then Rivers Casino Philadelphia on $26.1m.

Looking at sports betting, revenue amounted to $37.0m, a year-on-year rise of $10.0%. A total of $34.5m came from online wagering, while the remaining $2.6m was generated by retail sportsbooks.

The rise in revenue came despite sports wagering handle edging down 0.1% to $572.2m.

Valley Forge Casino Resort, which operates in partnership FanDuel, remained the market leader in this segment, posting $21.3m off a $225.6m handle. Hollywood Casino at the Meadows and Barstool placed second with $9.1m from $157.8m, then Parx Casino on $1.1m off $15.2m.

Elsewhere, video gaming terminal revenue for the month fell 5.8% to $3.5m, while fantasy sports revenue slipped 9.4% to $1.6m.