Pennsylvania October revenue reaches $483m, iGaming revenue up 24.3%
Land-based slots made $192.5m, but online slots were not far behind with $109.8m.
The Pennsylvania Gaming Control Board has released the state’s gaming revenue report for October, showing a 7.3% revenue increase across all sources of gambling year-on-year to just over $483m.
This is the highest revenue total achieved in six months, though since May this year, every month has had at least a $27m increase in revenue from the same month in 2022.
The casinos that generated the most revenue for the state of Pennsylvania were: Hollywood Casino at Penn National Race Course with $77.2m (up 12.3% annually); Valley Forge Casino Resort with $64.4m (up 14%) and Parx Casino with $53.7m (down 2.4%). Land-based slots were also the highest revenue-generating game type with $192.5m, however this shows a 3.3% annual decrease.
Online slots were the second-most popular game type, increasing 27.2% from October of 2022 to bring in $109.8m this October. Land-based table games increased 2% to reach $81.5m, but online table games increased by 19.4%, bringing in $42.6m.
The increase in iGaming’s popularity represents nearly a third of the total gaming revenue, an outcome that was also seen in the state’s September results. With online poker, the total iGaming revenue came to $154.8m, up 24.3% from October 2022.
Sports wagering revenue reached $48.2m, up 18.9% from October 2022, while fantasy contest revenue decreased by 4.3% to $2.7m. Online sports betting revenue accounted for $43.1m of the $48.2m total.
The total handle in the state came to just over $829m, with Valley Forge Casino Resort (FanDuel) generating the highest handle. The highest retail sports wagering revenue came from Parx Casino Bensalem (BetParx) with just over $1m. The highest online sports betting revenue and total sports betting revenue came from Hollywood Casino at the Meadows (Barstool) with $18.7m.
Video Gaming terminals (VGTs) located outside of casinos generated $3.4m, down 4% year-on-year, but it’s unclear how many VGTs are accounted for or regulated in the state, which has sparked legal action.
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