Pennsylvania gambling revenue reaches record $462.7m

| By Robert Fletcher
Gambling revenue in Pennsylvania amounted to a record $462.7m in March after the state experienced all-time high revenue from igaming and retail table games.
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Total market revenue was 14.7% higher than $403.1m in March last year and also 23.2% up from $375.7m in February of this year.

According to figures published by the Pennsylvania Gambling Control Board (PGCB), almost all areas of the market experienced year-on-year growth, though the igaming sector enjoyed a particularly successful month with revenue rising 20.9% to a record $118.1m.

Online slots revenue amounted to $79.2m for the month, while online table games revenue reached $35.7m and internet poker revenue $3.2m.

Hollywood Casino at Penn National led the way in igaming with $45.1m in revenue, ahead of Rivers Casino Philadelphia on $30.2m and Valley Forge Casino Resort with $23.9m.

Turning to sports betting, revenue for the month was 3.6% higher at $30.4m. This came after Pennsylvania suffered its first monthly sports betting loss of $442,847 in February this year.

Online sports wagering revenue amounted to $25.4m and retail revenue $5.0m, while the state’s handle for March was up 27.6% year-on-year to $715.0m.

Valley Forge, with partner FanDuel, remained the most successful sports betting operation, posting $15.4m in revenue. Hollywood Casino at the Meadows’ Barstool Sportsbook was a distant second with $4.4m in revenue for the month, then Rivers Casino Pittsburgh and BetRivers with $1.9m.

In terms of land-based casino activity, retail slots were again the primary source of revenue for the state, generating $214.7m in revenue during March, up 7.7% on last year. However, it was retail table games that experienced the highest percentage of growth, with revenue here rising 32.1% to a record $94.3m.

The PGCB also revealed video lottery terminal revenue was 5.2% higher at $3.8m, though fantasy sports revenue declined 22.7% to $1.4m, making it the only area of the market not to experience growth in March.

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