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Pennsylvania gambling revenue up 21.6% in February


Gambling revenue in Pennsylvania increased by 21.6% year-on-year in February, driven by significant growth across the sports betting and online slots sectors.

Revenue for the month amounted to $456.8m, up from $375.7m in February 2022 and just 1.6% shy of the $464.4m generated in January of this year, according to the Pennsylvania Gaming Control Board (PGCB).

Retail slots remained by far the main gambling revenue source in the state with $202.8m, up 4.2% year-on-year, while retail table games revenue also edged up 0.2% to $74.5m.

Turning to online casino and while there was year-on-year growth within the slots and table games segments, internet poker declined.

Online slots revenue climbed 36.3% to $92.8m, the second highest revenue source for the month, while internet table games revenue increased 15.0% to $36.1m. However, ipoker revenue slipped 7.8% to $2.7m.

Hollywood Casino at Penn National retained top spot in the internet casino market, posting $56.5m in revenue for the month. Valley Forge Casino Resort followed with $27.5m, just ahead of Rivers Casino Philadelphia on $26.3m.

Elsewhere, sports betting revenue improved from a loss of $442,847 in February 2022 to a positive of $43.2m this year, representing an increase of 9,861.9%. The state’s handle was also 0.4% higher at $599.5m.

Valley Forge Casino Resort, which operates in partnership FanDuel in Pennsylvania, were the market leaders with $23.4m in revenue. Hollywood Casino at the Meadows and Barstool were second with $10.3m, then Parx Casino on $1.9m.

Meanwhile, video gaming terminal revenue for the month was 9.3% higher at $3.3m, but fantasy sports revenue slipped 16.3% to $1.3m, making it the only area of the market along with online poker to experience a year-on-year decline.