Pennsylvania gambling revenue hits record $6.4 billion in fiscal 2024-25

Pennsylvania’s legal gambling industry reached a new milestone in the 2024/25 fiscal year, generating record gross revenue of nearly $6.4 billion, the Pennsylvania Gaming Control Board (PGCB) said last week.

The figure, totaling $6.39 billion for the 12-month period ending June 30, marks an 8.5% increase from the previous record of $5.89 billion set in 2023-24. The total encompasses all forms of gambling regulated by the PGCB, including casino slot machines, table games, iGaming, sports wagering, video gaming terminals (VGTs), and fantasy sports contests.

The surge in revenue also delivered an all-time high in gaming tax revenue, with the state collecting around $2.79 billion, up from $2.54 billion the previous year. These funds support programs such as school property tax relief, economic development, horse racing, and Pennsylvania’s General Fund.

Internet-based gaming was the largest contributor to the increase, producing $2.47 billion in revenue, up 27.09% from the previous year. Hollywood Casino at Penn National Race Course led all iGaming operators with $935.8 million in revenue, followed by Valley Forge Casino Resort with $675.2 million.

Tax revenue from iGaming alone amounted to more than $1.09 billion, also a record high.

Retail slot machine revenue - the largest single category - was essentially flat year-on-year, increasing by 0.08% to $2.44 billion. Parx Casino once again led the state with $377.7 million in slot revenue, while The Casino at Nemacolin posted the largest percentage increase, up 16.0% from the prior year.

Table game revenue fell 3.0% to $928.9 million. Wind Creek Bethlehem and Parx Casino remained the top earners, although both posted modest year-on-year declines.

Sports betting generated $487.6 million in revenue, edging down 0.22% from the previous year despite a rise in total wagers from $8.17 billion to $8.72 billion. Valley Forge Casino Resort, partnered with FanDuel, accounted for over half of the state’s total sports wagering revenue at $250.3 million.

Video gaming terminals located at truck stops saw a 0.70% increase in revenue to $41.4 million, with 75 VGT facilities in operation statewide by fiscal year-end. Marquee by Penn led operators with $27.6 million in VGT revenue.

Fantasy sports contests declined slightly, posting $19.1 million in revenue - down 0.66% from the previous year. DraftKings and FanDuel combined for the majority share, though both saw small declines.

Since the legalization of casino gambling in Pennsylvania in 2006, total gaming revenue has grown steadily, with significant acceleration following the expansion into online and sports betting markets in recent years. Fiscal 2024-25 marks the fourth consecutive year of revenue growth across the state’s regulated gaming sectors.