Pennsylvania falls just short of monthly gambling revenue record in April

Pennsylvania falls just short of monthly gambling revenue record in April

Revenue slipped 0.2% month-on-month, but figures released by the Pennsylvania Gaming Control Board revealed a 14.5% increase from $404.1m in April last year.

All but two areas of the state’s regulated market experienced year-on-year revenue growth in April. 

The highest increase was reported in sports betting, where revenue climbed by 28.0% to $33.7m. Of this total, $30.7m was generated online and $3.0m came from retail betting, while the state’s handle also increased 19.5% to $572.8m.

Valley Forge, partnered with FanDuel, retained top spot in the sports betting market with $22.8m in revenue off of a $228.2m handle. Hollywood Casino at the Meadows and its Barstool Sportsbook placed second with $3.5m in revenue and a $120.3m, then Rivers Casino Pittsburgh and BetRivers with $3.0m from $39.7m in bets.

Turning to igaming, revenue here was up 22.0% to $113.1m. Online slots revenue for the month was $76.7, an increase of 22.5% on last year, while online table games revenue also jumped 20.9% to $33.5m and internet poker revenue 22.8% to $2.9m.

Hollywood Casino at Penn National claimed top spot in this market with $45.2m in revenue, ahead of Rivers Casino Philadelphia on $28.8m and the Valley Forge Casino Resort with $21.5m.

Retail slots remained the primary source of gambling revenue in Pennsylvania, generating $217.9m in revenue, up 8.2% year-on-year. Retail table game revenue was also up by 17.5% to $91.5m.

Video gaming terminals and fantasy sports were the only sections of the market in which revenue declined in April.

Revenue from video gaming terminals fell 2.6% to $2.9m, while the fantasy sports sector revenue dropped 16.8% to $1.7m. DraftKings led the way in fantasy sports with $1.0m, ahead of FanDuel with $638,605.

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