Chavdar Vasilev is a journalist covering the casino and sports betting market sectors for CasinoBeats. He joined CasinoBeats in May 2025 and reports on industry-shaping stories across the US and beyond, including legislative debates, market...
Read Full BioDriven by explosive online casino growth, Pennsylvania’s gambling industry has reported a record $6.39 billion in revenue for the 2024/2025 fiscal year. That’s an 8.6% increase from the previous year, primarily driven by a 27% surge in iGaming revenue
According to the Pennsylvania Gaming Control Board (PGCB), the state collected $2.8 billion in tax revenue, up 10% year-over-year.
Soaring Growth for iGaming
Online casinos generated $2.48 billion in the past fiscal year. That represented a 27% growth compared to the $1.95 billion generated in the 2023/2024 fiscal year.
While Pennsylvania reports data by land-based license holders, rather than individual online brands, the top performers also reflect the strength of major digital operators, such as FanDuel, DraftKings, and BetMGM.
The PGCB data shows that Hollywood Casino at Penn National led the way with $935.8 million in revenue, representing a 24.6% increase. That single license provides market access to several leading brands, including BetMGM, DraftKings, Hollywood Casino, and Fanatics.
Valley Forge Casino, which provides access to FanDuel and Stardust, took the second spot with $675.2 million in revenue for the year. That’s a 39.9% increase compared to 2023/2024.
The third spot went to Rivers Casino with $411.7 million, representing a 15.4% increase. BetRivers and Borgata operate under that license.
Other notable results include Golden Nugget’s 102.9% yearly increase to $79.7 million. Under that license operates only Golden Nugget Online Casino, with the results showcasing the excellent year it had.
On the contrary, Wind Creek Bethlehem’s annual revenue declined 20.6% year-over-year to $18.1 million. The self-branded online casino platform ranks last in terms of total revenue.
Another casino with a yearly decline was Mount Airy. The only operator on that license is PokerStars, which unexpectedly decided to sit out the launch of multi-state poker in Pennsylvania in late April. That has already cost it players and a 7.9% yearly decline in revenue to $42.6 million.
Sports Betting Handle Is Up, but Revenue Is Flat
While iGaming surged, sports betting results were more mixed.
While handle rose nearly 7% to $8.72 billion, the revenue remained relatively flat at $487.6 million. That represented just a 0.2% year-over-year increase. Mobile wagering accounted for over 94% of the total handle.
Sportsbooks generated $175.6 million in taxes, $436,085 higher than the previous fiscal year.
FanDuel retained the lead with $250.3 million in revenue, a 0.37% yearly increase. DraftKings ranked second with $131.2 million, a 4.34% decline year-over-year.
The increase in wagering, combined with flat revenue, indicates that operator margins are declining. That’s likely due to competitive promotions and higher payouts.
While holds reached record levels at the end of the year, some high-wagering months, such as March, resulted in high payouts to customers.
Retail Gaming: Slots Steady, Table Games Slip, VGTs Expand
Pennsylvania’s land-based casinos remained resilient despite challenges from online gambling and unregulated skill game machines.
Retail slot machines remained essentially flat with $2.44 billion in revenue, a 0.08% yearly increase. Parx Casino led all operators with $393.8 million, a 0.37% increase.
Notable results include Live! Casino Philadelphia’s 5.0% yearly increase to $152.1 million in annual revenue and Hollywood Casino York’s $85.3 million result, representing a 6.4% increase. Harrah’s Pennsylvania reported the biggest drop of 4.4% to $105 million.
Recently, the Pennsylvania Senate passed a bill aimed at reducing the minimum slot requirement at retail casinos in an attempt to support the sector. However, the proposal stalled in the House.
Table games reported the worst performance across all sectors with a 3.0% annual decline to $928.9 million. Valley Forge bucked the trend with a 10.3% gain, but others like Rivers Pittsburgh and Harrah’s Philadelphia experienced double-digit declines.
Meanwhile, Video Gaming Terminals (VGTs) in truck stops saw modest 0.7% growth, reaching $41.4 million across 75 locations (up from 74).
