Pennsylvania gambling revenue sees slight increase to $467M in July, driven by retail and iGaming slots
The Pennsylvania Gaming Control Board (PGCB)has announced thatthe combined total revenue generated from all forms of gaming along with fantasy contests during July was $467 million, an increase of 8.85% compared to revenue in July last year.
Sources of gaming revenue regulated by the Board include slot machines, table games, iGaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). During the month, Hollywood Casino at Penn National placed first among venues offering gaming at $70 million, a 25.62% increase from $55.7 million posted the same month last year.
The top five list is completed by Parx Casino ($56.1 million), Valley Forge Casino Resort ($54.6 million), Wind Creek Bethlehem ($50.9 million), and Rivers Casino Philadelphia ($47.03 million). Of those venues, Valley Forge posted revenue increases of 32.07%; Wind Creek Bethlehem saw a slight increase of 1.79%; and Rivers Casino posted an increase of 8.59%. Meanwhile, Parx Casino recorded a decrease of 0.48%.
The Board has also provided a synopsis of year-over-year revenue by types of games. Retail slots in July 214.6 million, a slight 0.36% increase from July last year. iGaming slot revenue provided $94.8 million, significantly up (31.91%) year-over-year, while retail tables revenue posted $83.4 million, down 3.77%.
iGaming tables revenue had a solid month in July,driving $35.3 million, up 48% from the same period in 2022. Additionally,sports wagering revenue during the month also saw a 26.12% increase to $32 million. Meanwhile, VGTs revenue decreased by 7.23% to $3.35 million, iGaming poker revenue decreased by 4.53% to $2.6 million, and fantasy contests decreased by 23.61% to $655,886.
While Parx Casino led retail slots, despite a 1% revenue drop to $33.3 million, Wind Creek Bethlehem placed first for retail table games with $23.7 million in revenue, a 0.48% decrease. Meanwhile, total internet games (iGaming slots, table games, and poker) revenue was led by Hollywood Casino at Penn National, which was responsible for $54.3 million of the $132.8 million in statewide revenue.
Lastly, when it comes to sports betting, Valley Forge Casino Resort took the lead with $127.6 million in handle and $13.6 million in revenue. Monthly statewide handle amounted to $338.4 million, with Hollywood Casino at the Meadows ($88.9 million handle) and Hollywood Casino Morgantown ($24,5 million handle) completing the top 3 venues for the vertical.
According to Pennsylvania’s regulator, total tax revenue generated collectively through all forms of gaming and fantasy contests was $192.04 million during the month.
Through the first seven months of 2023, the Pennsylvania gaming industry has won more than $3.36 billion from players, an increase of roughly 11% from where the sector stood at this time last year. The odds are Pennsylvania’s gaming industry will set a new revenue record for its third consecutive year.
