Up 11.35% from prior year
Pennsylvania gambling revenue exceeds half-billion mark for first time ever with $515.2M in March
Hollywood Casino at Penn National, the state's top casino for revenue.
2023-04-19
Reading time 1:24 min
Gambling revenue in Pennsylvania amounted to $515.2 million in March, an increase of 11.35% over the same period last year, according to data shared Tuesday by the state’s Gaming Control Board. This is the first month Pennsylvania's monthly revenue exceeds the half-billion mark since legalized gambling began in 2006.
The record figure in revenue includes casinos, iGaming, sports betting, fantasy contests, and VGTs. Hollywood Casino at Penn National placed first among all land-based properties with $80.9 million in revenue (up 27.02%), followed by Valley Forge Casino Resort, with $68.5 million. Parx Casino ($60.4 million), Rivers Casino Philadelphia ($53.4 million), and Wind Creek Bethlehem ($47.2 million) round out the top five.
As for revenue per vertical, retail slots took the lion’s share at $225.4 million, up 4.9%, with Parx Casino leading the segment at $35.1 million. Table gaming revenues amounted to $85.8 million statewide, down 8.9% from last year, with Wind Creek Bethlehem leading this segment at $19.9 million (down 8.2%).
iGaming saw a major revenue jump of 25.46% to $148.1 million, with Hollywood Casino at Penn National being the top operator at $62.3 million (up 38.3%). Total sports wagering handle amounted to $723.5 million, almost flat from the prior year, but at the same time, the taxable revenue figure was $50.6 million, 66.59% higher when compared to March 2022. Valley Forge Casino Resort led the segment at $280.7 million in handle and $23.8 million in revenue.
Valley Forge Resort
As for other sources of revenue, video gaming terminal revenue for the month was 1.87% lower than in March 2022, at $3.8 million, but fantasy sports revenue saw a slight 0.53% increase to $1.3 million.
March’s increase in revenue follows a continued upward trend that began in January when gambling revenue increased by 18.2% year-over-year. It also builds upon a record-setting 2022 for the Pennsylvania gambling industry, when all forms of gaming amounted to more than $5.2 billion, up from the 2021 total of $4.7 billion.
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