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Pennsylvania gaming again breaks $500m milestone

| By Richard Mulligan
The Pennsylvania gaming industry generated revenue of more than $500m in April but fell just short of the previous month’s record.
Pennsylvania March

Some $504.6m (€464.8m/£398.1m) of revenue was recorded for the month, according to figures published by the Pennsylvania Gaming Control Board (PGCB). That was up 5.9% compared to April 2023.

The figure was down on the record $554.6m registered in March 2024. However, the figures were close on a day-by-day basis considering the extra day in March.

Pennsylvania gaming’s biggest segment stalls

Retail slots remains the biggest generator of gaming revenue, although the $205.4m was down 3.5% compared to April 2023. The number of slot machines in operation in April 2024 was 24,890 compared to 25,555 at the casinos in April 2023. Parx Casino, the state’s most popular venue, saw a 4.9% decrease to $31.6m.

Igaming slot revenue was the second biggest segment within Pennsylvania gaming at $126.0m, which was up 31.8%.

Sports betting back to growth

Igaming tables and sports wagering both experienced double-digit rises, with the former up 15.8% to $45.0m.

Following two successive months of year-on-year decline, sports wagering revenue was up 14.5% to $42.4m. Total sports wagering handle was $646.0m, which was up 12.9% year-on-year.

Valley Forge Casino Resort, along with partner FanDuel, was the state’s biggest sports betting business, with total revenue of $25.4m. This was almost three times the size of the next biggest, FanDuel’s Hollywood Casino at the Meadows.

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