Pennsylvania August iGaming revenue increases 35% to $145m
The state reported total August gaming revenue of $457.2m, also up 7.5% year-on-year.
The Pennsylvania Gaming Control Board (PCGB) has released the state’s revenue report for August, posting a total of $457.2m. This shows an increase of 7.5% since August of 2022, but a slight dip from July’s total revenue of $467m.
Retail slots were the most lucrative sector of Pennsylvania gaming, bringing in $203.2m. The second-place revenue generator was iGaming, which is divided into online slots, online table games and online poker, which increased 35% year-on-year to $145m; online slots made up $105.3m of this total.
Table games brought Pennsylvania $82.7m, an increase of 5.4% year-on-year, while sports wagering revenue suffered a significant decrease of 35.1%, bringing in $22m this August.
By contrast, in New Jersey, sports wagering increased by 47.1% year on year, reaching $96m in the month of August. The Garden State’s iGaming showed a slightly smaller increase of 18.3% year-on-year, when compared to Pennsylvania, and generated $155.3m. New Jersey’s total gaming revenue for the month was $531.6m.
Video gaming terminals, which have sparked controversy in the state, generated $3.7m according to the PCGB, a decrease of 5.4% year-on-year. However, local politicians and regulators allege that many video gaming terminals and skill games within the state may be unregulated or part of unregulated facilities.
The casino which brought in the most revenue for the state was Hollywood Casino at Penn National Race Course with $75.2m, up 23.4% year-on-year from its position ahead the other land-based venues last August as well. Hollywood Casino also brought in the highest iGaming revenue with $60.3m this august, up 37.4% year-on-year.
The highest handle ($134.7m) and retail sports betting revenue ($182,672) belonged to Valley Forge Casino Resort, which partners with FanDuel. The highest online sports betting revenue ($7.3m) came from Hollywood Casino at the Meadows, which partners with Barstool Sportsbook.
For fantasy contests, DraftKings and Fanduel take the top two spots, with DraftKings rising 11.3% year-on-year to $631,292, while FanDuel decreased 46.1% to $137,521. Underdog Sports lived up to its name by increasing 98.4% since last August, generating $14,539.
Read more about how Pennsylvania compares to the New Jersey gaming market in Gambling Insider’s upcoming Sports Betting Focus cover feature.
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