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Pennsylvania sports betting revenue drops 35% in August


Sports betting revenue in Pennsylvania declined 35.1% year-on-year in August, though the US state was still able to report an overall increase in gambling revenue.

Total revenue from gambling in Pennsylvania hit $457.2m (£369.0m/€428.0m) in August. This was 7.5% more than $425.4m in August 2022 but 2.1% less than $467.0m in July this year.

Retail slots remain the primary source of gambling revenue in the state by some distance, drawing $203.2m. This is 1.0% higher than last year. Retail table games also jumped 5.4% to $82.7m.

Online casino gambling generated $145.0m in total revenue, a rise of 35.3%. Internet slots revenue hiked 39.0% to $105.3m and igaming tables revenue jumped 29.8% to $37.3m but online poker revenue slipped 10.9% to $2.4m.

Hollywood Casino at Penn National is still the operator to beat in igaming, bringing in some $60.3m in revenue. Valley Forge Casino Resort placed second on $32.4m, then Rivers Casino Philadelphia with $28.1m.

Sports betting struggles in Pennsylvania

In contrast to growth within the igaming sector, the sports betting market struggled during August.

Revenue was 35.1% lower year-on-year at $22.0m, with $19.3m coming from online and $2.7m retail wagering. This was despite handle increasing 8.3% to $393.0m during the month of August.

Hollywood Casino at the Meadows and Barstool moved into top spot with $7.4m worth of sports betting revenue. Former market leaders Valley Forge and FanDuel were second on $5.5m, then Hollywood Casino Morgantown and Barstool with $1.8m.

Looking at other gambling in Pennsylvania, video gaming terminal revenue declined 5.4% during August to $3.5m. Fantasy sports revenue also slipped 5.8% to $792,206.