Pennsylvania gambling revenue recorded at $476m in April

Pennsylvania gambling revenue recorded at $476m in April

Pennsylvania gambling revenue recorded at $476m in April

In its recently published report, the Pennsylvania Gambling Control Board has highlighted a total market revenue of 476 million dollars in April.

The market’s revenue figure represented a 3% increase in comparison to the revenue of 461 million dollars generated in April of 2022. However, when compared to the record-breaking revenue figure of 515 million dollars in March, the state’s gambling industry experienced a decline of just over 7%. This also led to a lower tax revenue of 195 million dollars in April in contrast to over 210 million dollars in March.

In terms of the market’s various gambling types, land-based slots continued to be its top earners, generating a revenue of over 213 million dollars, although this number is just over 2% less than the 217 million dollars of revenue recorded last year and over 5% less than the retail slot revenue of 225 million dollars in March 2023.

Retail slot games were followed by their online counterparts and land-based table games in revenue, generating 95 million dollars and 84 million dollars respectively. The former represented a sizable increase of over 24% year-over-year, while the latter declined by just under 8% in comparison to April of 2022.

The land-based gambling vertical generated a total of 300 million dollars in the month, maintaining its top position in the state. Following this was online gambling, which generated over 138 million dollars, and sports betting, which made 37 million dollars in revenue.

Lastly, Penn Entertainment’s Hollywood Casino remained in first place in terms of revenue generation among the state’s operators, making over 74 million dollars in the period, which was up from 2022’s 65 million dollars but fell short of its March revenue of 81 million dollars. Valley Forge Casino and Parx Casino followed in second and third place, generating 63.8 million dollars and 55.2 million dollars respectively.

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