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Pennsylvania sets new gambling revenue records in 2022-23


Pennsylvania set a series of new gambling revenue records during the 2022-23 fiscal year, while the state also reported year-on-year growth in June.

Total gambling revenue in 2022-23 reached $5.51bn, according to the Pennsylvania Gaming Control Board (PGCB). This was an all-time high for the state, beating the previous record of $5.04bn set in 2021-22 by 10.0%.

Retail slots were the main source of revenue by some margin. The $2.45bn generated was 1.7% ahead of last year and the second-highest annual total in history, behind $2.48bn in 2011-12.

However, land-based table games revenue slipped 4.1% year-on-year to $974.0m.

Turning to igaming and revenue in this segment hiked 24.4% to an all-time-high of $1.53bn. This comprised online slots, table games and poker, though a full breakdown of these figures was not published by the PGCB.

Hollywood Casino at Penn National was the igaming market leader with $648.2m in revenue. Rivers Casino Philadelphia placed second with $330.9m, then Valley Forge Casino Resort on $309.3m.

In terms of sports betting, revenue also reached a record $492.0m, though yearly handle was not disclosed.

Valley Forge and partner FanDuel led the way in this market with $255.5m in revenue. Next was Hollywood Casino at the Meadows’ Barstool Sportsbook on $109.9m, then Hollywood Casino, also partnered with Barstool, on $21.1m.

The PGCB also noted that video gaming terminal revenue for the year edged up by 1.3% to $42.1m. In addition, fantasy sports revenue fell 24.3% to $20.7m.

Revenue growth in June

Meanwhile, the PGCB published details of the state’s performance in June. Overall market revenue for the month hit $440.5m, up 13.0% on June 2022, but 8.1% down from $479.4m in May.

Retail slots revenue increased 4.4% year-on-year to $201.5m, while land-based table games edged up 0.1% to $76.2m.

Online gambling revenue jumped 31.6% to $98.2m. Internet slots revenue was 35.9% higher at $98.2m, while online table games revenue increased 24.1% to $34.8m. However, online poker revenue was 6.6% lower at $2.4m.

As was the case with the fiscal year results, Hollywood Casino at Penn National led the way with $57.8m in revenue. Valley Forge Casino Resort was second on $28.2m, ahead of Rivers Casino Philadelphia with $27.0m.

Sports betting experienced the most significant growth, with revenue rocketing by 80.6% to $23.1m. This included $21.7m in online revenue and a further $1.3m in retail revenue. This came despite handle falling 5.2% to $373.2m.

Valley Forge and partner FanDuel retained top spot with revenue of $11.4m during June. In second was Hollywood Casino at the Meadows and Barstool on $6.0m, then Rivers Casino Pittsburgh with Rush Street Interactive at $1.1m.

Elsewhere, VGT revenue dropped 3.3% to $3.4m, while fantasy sports revenue declined by 43.7% to $848,591.