Pennsylvania gaming monthly revenue surpasses $500m for first time

Philadelphia, Pennsylvania
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Pennsylvania gaming monthly revenue has surpassed half a billion dollars for the first time, as the state’s regulator declared a March revenue of $515.3m.

According to the Pennsylvania Gaming Control Board, the March revenue figure is an 11.35 per cent improvement year-over-year compared to the $462.7m generated by the Keystone State’s operators in March 2022.

Per casino destination, Hollywood Casino at Penn National earned $80.9m in March revenue, a 27.02 per cent increase YoY (2022: $63.7m), followed by Valley Forge Casino Resort with $68.5m, a 32.25 per cent uptick (2022: $51.8m) and Parx Casino with $60.44m, a slight decrease compared to the previous year (2022: $60.46m).

Hollywood Casino Morgantown had the biggest monthly revenue rise YoY by 66.87 per cent to $9.5m (2022: $5.7m), followed by Hollywood Casino at the Meadows with a 51.98 per cent improvement to $31.2m (2022: $20.5m). 

Breaking down the monthly revenue figure by game type, retail slots led the way while new monthly records were set in igaming, online slots and web table games.

Retail slots generated the most revenue with $225.4m, a 4.98 per cent rise YoY (2022: $214.7m), followed by igaming slots with $104.8m, a 32.36 increase (2022: $79.2m) and retail tables with $85.9m, an 8.91 per cent decline (2022: $94.3m).

Sports wagering revenue was next at $50.6m in March revenue, up 66.59 per cent YoY (2022: $30.4m), followed by igaming tables with $40.5m, a 13.42 per cent increase (2022: $35.7m) and video gaming terminals with $3.8m, a 1.87 per cent loss (2022: $3.8m).

Sports wagering handle for the month was $723.5m, up by 1.2 per cent compared to March 2022’s $715m.

Igaming poker had the biggest YoY revenue loss in the month with a 10.82 per cent decline to $2.9m (2022: $3.2m) while fantasy contests earned $1.4m revenue, a slight increase compared to the previous year (2022: $1.39m).

The total state tax revenue collected from operators by Pennsylvania for March was $212.4m.