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Pennsylvania gambling revenue exceeds $500m for the first time in March


Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.

Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.

Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.

Online casino gaming revenue reached a record $148.2m, which was also 25.5% higher than last year.

Internet slots revenue increased by 32.4% to an all-time high of $104.8m, while online table games revenue climbed 13.4% to a record $40.5m. However, internet poker revenue slipped 10.8% to $2.9m.

Hollywood Casino at Penn National remained the igaming market leader in the state with $62.3m in revenue for the month, ahead of Valley Forge Casino Resort on $31.8m and Rivers Casino Philadelphia with $30.5m.

Turning to sports betting and revenue rocketed 66.6% year-on-year to $50.6m, with $45.7m of this coming from online betting and $4.9m retail. Sports wagering handle also increased 1.2% to $723.5m.

Valley Forge Casino Resort, which operates in partnership FanDuel, again claimed top spot in Pennsylvania with $23.9m in revenue. Hollywood Casino at the Meadows and Barstool were second with $12.3m, then Hollywood Casino Morgantown on $3.0m.

Elsewhere, video gaming terminal revenue for the month declined 1.9% to $3.8m, while fantasy sports revenue edged up 0.6% to $1.4m.