Pennsylvania’s gaming market hits $529.1M in January
Pennsylvania’s gaming market hit $529.1 million in January, a 10.9% increase compared to January 2024’s $477.2 million, though it fell slightly short of December’s $533.1...
Pennsylvania’s gaming market reports February declines
The Pennsylvania gaming market generated $477.2 million in February, representing a 4.3% decline when compared to the same period of 2024.
While the land-based casino segment recorded declines, iGaming claimed the crown, with Hollywood Casino at Penn National generating $77.6 million and Rivers Casino Philadelphia generating $34.2 million. With a year-on-year increase of 12.3%, iGaming proved its consistent dominance.
Player spending
Slot revenue fell 8.1% to $186.3 million. Hollywood Casino at Penn National remained the largest earner at $89.5 million, down 2.9% from a year ago. Valley Forge Casino experienced strong growth, up 9.9% to $81.4 million, and may become a state leader. Rivers Casino Philadelphia was up 5% to $51.2 million, and Parx Casino Philadelphia declined 2.7% but was still a slot leader with $28.9 million.
Sports betting
Sports betting revenue increased to only $7.5 million, though the handle was $756.92 million. The Philadelphia Eagles’ Super Bowl win caused huge payouts, affecting overall earnings. Valley Forge Casino was the leader with $13.7 million in sports betting revenue, but 11 operators were in the red.
Policy & Industry Developments
Outside of casino gaming, the Pennsylvania Lottery also is looking to legislative change in order to generate more revenue, arguing that the removal of the 20% profit guarantee on traditional games could lead to higher payouts and competitive offerings. Legislators also are considering a 52% tax on skill game revenue, which could have a significant impact on the industry.
Despite revenue declines, Pennsylvania’s gaming sector remains strong, with iGaming continuing to grow.
Pennsylvania’s casino revenue hits $533.1M for December 2024
Pennsylvania, the fifth-most populous state in the United States, reported its casino revenues for December 2024, highlighting an increase of 0.2% when compared to December...
