September 20, 2022 Casino, Land Based, Finance

Pennsylvania gambling revenue shows a 4.2% annual increase

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Hollywood Casino at Penn National was the top performing retail venue, generating $60.9m.

The Pennsylvania Gaming Control Board reported that the combined total revenue generated from all forms of gaming during August 2022 was $425.4m, representing a year-on-year increase of 4.2%.

Hollywood Casino at Penn National was the best performing retail casino, generating $60.9m this month, rising 22.35% from last year’s August results of $49.8m.

Retail slots brought in the highest winnings this month statewide, with $201.3m, which was nonetheless an annual decrease of 4% from $209.8m. It should be noted that the number of slot machines available to gamblers in Pennsylvania has decreased year-on-year from 26,017 to 25,595. Slot machines brought in a total monthly tax revenue of $102.5m.

Pennsylvania’s top performer for slots was Parx Casino, which collected total revenue of $32.4m. However, this amount was 10.7% lower than the $36.3m the casino achieved in the same prior year period.

Retail casino games also underperformed in August. They saw a 9.1% decrease in revenue year-on-year from $86.3m last August, which fell to $78.5m in August this year. For retail table games, Wind Creek Bethlehem ended up at the top of the chart with $17.8m, an annual decrease of 6.2%.

Sports betting revenue enjoyed the highest yearly increase of 88.5%, hitting $34m for the month; the total sports betting handle for the Keystone State was $363m. Valley Forge Casino Resort’s sportsbook reported the highest earnings: $13.6m, which marked an impressive 308.96% annual increase.

Revenue from iGaming tables also contributed to the overall positive figures. Pennsylvania’s iGaming operators collected $28.7m in August, a yearly increase of 49.6%.

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