Pennsylvania gaming monthly revenue dips back below $500m in April

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Pennsylvania gaming monthly revenue has dipped below half a billion dollars once more, but, according to the state’s regulator, operators still saw an improvement in revenue compared to the previous year.

Reporting April’s figures, the Pennsylvania Gaming Control Board declared a revenue total for the month of $476.7m, up 3.27 per cent year-over-year (April 2022: $461.6m) but down when compared to March’s $515.3m.

Per casino venue, Hollywood Casino at Penn National led the way with $74.4m in April revenue, a 13.51 per cent increase YoY (2022: $65.6m), followed by Valley Forge with $63.9m, an 11.36 per cent YoY uptick (2022: $57.4m) and Parx Casino with $55.3m, down 3.15 per cent YoY (2022: $57.1m).

Hollywood Casino Morgantown achieved the biggest rise in revenue during the month, improving by 32.41 per cent YoY to $6.7m (2022: $5.1m), followed by Hollywood Casino at the Meadows which rose by 24.11 per cent to $26.1m, and the previously mentioned Hollywood Casino at Penn National.

Lady Luck Casino Nemacolin had the biggest decline in revenue YoY, falling by 22.79 per cent to $1.6m (2022: $2.1m), followed by Presque Isle Downs and Casino with an 18.18 per cent drop to $9.1m (2022: $11.1m) and Mohegan Pennsylvania with an 8.61 per cent decline to $20.7m (2022: $22.6m).

By revenue type, retail slots contributed the most towards the total amount with $213m from 25,555 machines, down 2.24 per cent YoY (2022: $217.9m from 26,038 machines). Igaming slots followed with $95.6m, up 24.66 per cent (2022: $76.7m), while retail tables decreased by 7.78 per cent to $84.4m (2022: $91.5m).

Igaming tables generated $38.9m in revenue, a 16.09 per cent increase YoY (2022: $33.5m), followed by sports wagering with $37m, a 10.01 per cent improvement (2022: $33.7m), with $34.5m from online operations and a handle of $572.2m, a slight decrease when compared to the $572.8m reported in April last year.

Video gaming terminals, igaming poker and fantasy contests all suffered a loss in revenue compared to the previous year. VGTs were down by 5.77 per cent YoY to $3.5m (2022: $3.8m), igaming poker dropped by 6.96 per cent to $2.7m (2022: $2.9m) while fantasy contests fell by 9.35 per cent to $1.6m (2022: $1.7m).

Through all forms of gaming and fantasy contests, Pennsylvania collected $195.7m in state taxes in April.