Pennsylvania Gambling Operators Report Significant Growth in February

Gambling Industry News
Pennsylvania Gambling Operators Report Significant Growth in February

According to data released by the Pennsylvania Gaming Control Board (PGCB), gambling revenue in the state grew by 21.6% year-on-year in the month of February.

The latest figures show that combined revenues for all sectors came to $456.8 million. This is the second largest revenue figure in history for the month of February.

Retail slots were the industry’s main source of revenue as casinos reported $202.8 million in slots revenue for the month. This was a 4.1% increase on February 2022 and a marginal increase on the previous month. Casinos also reported that revenue from table games grew by 0.18% to $74.5 million. Revenue from Video Gaming Terminals came to $3.3 million, a jump of 9.2% year-on-year while fantasy sports revenue fell by 16.3% to $1.3 million, half the figure reported in the previous month.

iGaming up by 28.5%

iGaming operators reported a 28.5% increase in combined revenues to $131.6 million, down slightly from the previous month. Of that figure, $92.8 million came from online slots which saw a 36.27% jump in revenues year-on-year. Meanwhile online casino table games revenue grew by 15% to $32.1 million for the month. However, online poker continues its downward trend as revenues dropped by 7.8% to $2.6 million.

The market leader in the iGaming sector was once again Hollywood Casino with $56.4 million for the month of February. This was more than twice the revenue figure reported by second-placed Valley Forge Casino Resort with $27.4 million in online revenues.

Sports betting revenues up by 9861.87%

Pennsylvania sports betting revenues grew by 9861.87% to $62.2 million year-on-year following a negative reporting period in February 2022. Sportsbooks reported accepting over $599.5 million in wagers throughout the month, a 0.41% increase year-on-year. Of this figure, $555.7 million came through online sportsbooks resulting in $57.4 million in revenue. Meanwhile, the retail sector accepted just over $43.7 million in wagers generating $4.7 million in revenue.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.