Pennsylvania gaming revenue climbs to $450.2m in October

The Pennsylvania Gaming Control Board’s figures show revenue increased 5.7 per cent year-on-year.

US.- Pennsylvania’s combined revenue from regulated gaming and fantasy contests reached $450.2m in October. That’s a 5.7 per cent increase compared to October 2021.

Sources of gaming revenue regulated by the Pennsylvania Gaming Control Board include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). Retail slots revenue decreased 2 per cent year-on-year to $199m. Retail table games revenue decreased 10 per cent to $79.8m.

Hollywood Casino at Penn National led Pennsylvania’s land-based casino revenue with $68.7m, an increase of 20 per cent from October 2021. Valley Forge Casino Resort generated $56.4m, a year-over-year increase of 31 per cent. Parx Casino in Philadelphia reported $54.9m, down 4 per cent. Hollywood Casino Morgantown saw the greatest revenue year-on-year increase with $6.5m, up 1,783 per cent. 

Revenue from online gaming was up 21 per cent to $124.5m. Hollywood Casino at Penn National led the way with $52.7m, ahead of Rivers Casino Philadelphia at $29.2m and Valley Forge Casino Resort at $23.3m. Tax revenue generated from internet gaming during October 2022 was the highest monthly amount to date at $52.7m.

The sports betting handle was $797.1m, 2.69 per cent above October 2021’s $776.2m. Taxable revenue was $40.5 compared to $23.5m in September 2021, an increase of 72 per cent.

Valley Forge, along with partner FanDuel, retained the top spot in sports wagering with $22m in revenue from $292m in bets. Hollywood Casino at the Meadows’ Barstool Sportsbook took $7.8m in revenue off a $231m handle. The handle at Hollywood Casino Morgantown was $56m, while Hollywood Casino at Penn National and DraftKings reported $48m in wagers.

See also: Pennsylvania Gaming Control Board renews licence for Valley Forge Casino Resort