Pennsylvania gaming revenues increase slightly during August

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Figures reported by the Pennsylvania Gaming Control Board have revealed that the state’s casinos and igaming operations are experiencing slight growth throughout August. 

For August, the combined total revenue from all forms of gambling, including fantasy sports, was $425.4m, up 4.2% year-over-year. 

Moreover, the total tax revenue generated collectively through all forms of gaming and fantasy contests was $175.3m during August 2022.

Total igaming revenue during August reached $107.2m, up 20.81% YoY, compared to last year’s total of $88.7m. 

Slots represented the best performing igaming vertical, with $75.7m of revenue generated in the month. Table games reported $28.7m in revenues, whilst poker igaming recorded $2.7m of revenues. 

Per operator, Hollywood Casino at Penn National took the top spot in igaming revenue, with $43.9m, up 44.1% YoY. It was followed by Rivers Casino Philadelphia ($26.8m), Valley Forge Casino Resort ($17.7m) and Mount Airy Casino Resort ($4.8m). 

Sports betting was the fastest growing vertical in Pennsylvania during August, with revenues growing 88.6% to $34.0m, compared to last year’s $18.0m. This also represents a significant jump from July’s figure of $25.4m.

August saw the return of popular sports divisions, which would almost certainly contribute to rising sports betting figures. 

With the regular season of the NFL and college football getting underway in September, it is anticipated that the sports betting figures will continue to grow as 2022 reaches its crescendo. 

Total sports wagering handle reached $363.0m, a 4.17% increase YoY.