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Pennsylvania gaming revenue rises 26.3% as igaming hits record high

News

Pennsylvania has recorded total gaming revenue of $393.1m in January, with online gaming revenue hitting an all-time high.

Data from the Pennsylvania Gaming Control Board revealed that revenue increased by 26.3% compared to January 2021.

The state’s highest performing casino for the month was Hollywood Casino at Penn National, which rose 31.2% year-on-year to $57.3m. Parx Casino came in second, with $51.8m, up 4.7%. Valley Forge Casino resort rose by 34.3% to almost $51m.

Retail slots generated the most amount of revenue at $168.4m, up 19.6% year-on-year. Pennsylvania’s Parx Casino contributed almost $30m in slot machine revenue. This was an increase of 2.4% year-on-year. Rivers Casino Pittsburgh made $19.6m, rising by 31%, while Wind Creek Bethlehem generated $18.2m, up 6.6%.

Online gaming revenue totalled at $108.3m for the state. Revenue for the Hollywood Casino at Penn National – with a DraftKings online casino product – came to $41.2m, while BetRivers at Rivers Casino Philadelphia totalled at $27.4m. Fanduel’s Valley Forge Casino Resort contributed $20.4m to the total.

Retail table games made the second most revenue, accumulating $78.2m, an increase of 53.9%. The best performing casino was Wind Creek Bethlehem, which brought in $18.7m in table games- an increase of 115.6% yearly. Parx Casino was second at $16.7m, having grown by 26%, while River Casino Pittsburgh revenue rose 61.2% to $4.6m.

Online gaming slots alone generated the third most gaming revenue, coming to $71.8m, an increase of 40.8%.

Sports wagering revenue totalled at $32.1m.  Online revenue made up $26.3m of the total, while retail revenue contributed $5.7m.

Total statewide sports betting handle came to $793.7m. The FanDuel sportsbook at Valley Forge Casino topped both online revenue and handle , at $18.8m and $276.1m respectively.

DraftKings made up the highest fantasy sports revenue for the month at $1.3m, a decrease of 17.5%. FanDuel rose by 5.2% to hit $1.2m, while Underdog Sports contributed $112,348 in revenue with no comparable figures for January 2021. Overall revenue from fantasy sports came to $2.8m, a drop of 0.5%.