Pennsylvania August Total Gambling Revenue Decreases 2.1%
LISTEN TO THIS ARTICLE:Pennsylvania reported a total gambling revenue of $457.2m in August, marking a 2.1% drop compared to $467.0m in July but a 7.5% increase from the $467.0m recorded in August 2022.
Per vertical, retail slot machines continue to be the leading contributor to the state's gambling revenue, generating $203.2 million, a 1.0% increase from the previous year. Additionally, retail table games saw a significant rise of 5.4%, reaching $82.7 million in revenue.
Online casino gambling recorded a total revenue of $145.0 million, an increase of 35.3% compared year-on-year. While internet slot revenue surged by 39.0% to $105.3 million, iGaming tables revenue saw a notable uptick of 29.8% to $37.3m. However, online poker revenue declined by 10.9% to $2.4 million.
In August, Hollywood Casino at Penn National got the highest iGaming revenue at $60.3 million. It was followed by Valley Forge Casino Resort, which secured $32.4 million. Rivers Casino Philadelphia ranked third with $28.1 million in revenue.
Total sports betting revenue for August declined 35.1% lower year-on-year to $22.0m. $19.3m came from online betting, while $2.7m was obtained from retail wagering. It’s worth noting that the total betting handle in August increased by 8.3% to $393.0 million.
Hollywood Casino at the Meadows and Barstool climbed to the top with $7.4 million in sports betting revenue. Valley Forge and FanDuel secured the second spot with $5.5 million. Hollywood Casino Morgantown and Barstool were in third place with $1.8 million in revenue.
Examining other forms of gambling in Pennsylvania, revenue from video gaming terminals saw a 5.4% decrease in August to $3.5 million. Fantasy sports revenue also decreased 5.8% to $792,206.
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