The state of Pennsylvania has experienced a consistent annual growth rate of 2.7% in revenue collection from the gambling industry. The amount recorded in January was $477,2 million.
As of December 2023, the figure had increased from $464.4 million in January 2023 to $534.2 million. This includes fantasy sports, online sports wagering, video lottery terminals, and traditional slot and table games. Nevertheless, physical spaces surpass all other revenue sources, amounting to $179.5 million, a figure that decreases annually by 11.2%. The revenue generated by land-based table gaming decreased by 13.4% to $72.7 million.
In Pennsylvania, slot machines generate the most revenue. On the contrary, the online wagering industry experienced expansion in Pennsylvania. iGaming contributed $149.6 million in January, representing a 12.4% increase compared to 2024. The amount wagered on online slots increased by 22% to $110 million.
According to the latest gambling news, the revenue from online table games experienced a decline of 7.8%, amounting to 36.9 million euros. Revenue from online gambling amounted to $2.7 million. With $50.5 million, Hollywood Casino is in first place, followed by Valley Forge Casino Resort with $41.6 million and Rivers Casino Philadelphia with $29.5 million.
The amount wagered in the sports betting scenario rose by 77.9% to $69.9 million. This comprises $3.9 million from retail sportsbooks and $66 million from online wagering.
In terms of revenue, January amounted to $858.2 million, representing an 8.1% increase compared to $793.7 million in January 2023. A total of $808.8 million was spent by participants on online wagering, while $49.4 million was spent on land-based games.
The market leaders in this space are still FanDuel and Valley Forge Casino Resort. The partnership made $39.6 million from sports betting in January. Second place went to DraftKings and Hollywood Casino at the Meadows with $19.0 million, followed by BetMGM and Hollywood Casino Morgantown with $3.6 million.
Alternately, Pennsylvania’s VLT revenue decreased by 9.1% to $3.0 million in January. Revenue from fantasy sports also decreased 3.9% to $2.5 million.
Fanatics Betting and Gaming launched its online casino and sportsbook just recently. PointsBet has been replaced by the Fanatics brand. In the interim, microbetting operator Betr entered into a market access agreement for Pennsylvania last month.
