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Pennsylvania smashes gambling revenue records in 2022


Pennsylvania set a number of new annual gambling revenue records during 2022, with total gaming revenue for the state reaching an all-time high of $5.21bn.

The yearly figure – comprising land-based slots, table games, sports betting, igaming, video gaming terminals (VGTs) and fantasy contests – was 10.2% higher than $4.73bn in 2021, according to the Pennsylvania Gaming Control Board (PGCB).

Retail slots were by far the primary source of revenue in Pennsylvania, generating $2.39bn worth of revenue, up 4.5% year-on-year. Land-based table games revenue was also 7.1% higher at $990.6m.

Online casino revenue for the year reached $1.36bn, an 22.6% increase from $1.11bn in the previous year and a new annual record for the state.

Though the PGCB did not publish a full breakdown for this market, it did reveal Hollywood Casino at Penn National was the leading operator with $561.2m in revenue, ahead of Rivers Casino Philadelphia on $326.4m and the Valley Forge Casino Resort with $225.5m.

Turning to sports betting and revenue was 18.0% higher year-on-year at a record $401.2m, while the amount wagered by players during the year was also up 10.7% from $6.55bn to an all-time high of $7.25bn.

Valley Forge Casino Resort and partner FanDuel claimed top spot with $210.0m in revenue. The Hollywood Casino at the Meadows and Barstool placed second with $76.2m, then the Hollywood Casino at Penn National, also partnered with Barstool, on $21.6m.

Elsewhere, revenue from VGTs was 5.6% higher at a record $42.1m, though fantasy sports revenue fell 23.9% to $22.3m.

December growth

Looking at the final month of 2022, total gambling market revenue for December was 16.9% higher year-on-year at $475.0m. This figure was also up 5.0% from $452.4m in November of 2022

Land-based slots revenue edged up 1.3% year-on-year to $198.0m, though revenue from retail tables slipped 2.0% to $81.7m.

Online casino revenue jumped 31.8% to $134.6m, a new month record for the state. This included $91.6m in internet slots revenue, $40.4m worth of online table games revenue, and $2.6m in internet poker revenue.

As was the case with the full-year results, Hollywood Casino at Penn National led the way with $60.1m in igaming in revenue, ahead of Rivers Casino Philadelphia on $28.5m, then Valley Forge Casino Resort with $26.9m.

In terms of sports betting, revenue rocketed 190.3% year-on-year to $54.6m, while handle was also 0.6% higher at $747.8m for the month. Online wagering revenue reached $48.2m, while retail revenue stood at $6.5m.

Valley Forge Casino Resort and FanDuel remained some way out in front with $26.6m worth of sports betting revenue, ahead of Hollywood Casino at the Meadows and Barstool with $14.3m.

VLT revenue slipped 0.7% to $3.3m, while fantasy sports contests revenue was also down by 14.1% to $2.7m for the month.