Pennsylvania gaming revenue reaches $447.7m in May
Pennsylvania Gaming Control Board’s figures show that revenue increased 8.4 per cent year-on-year.
US.- Pennsylvania’s combined revenue from regulated gaming and fantasy contests generated $447.7m in May. That’s 3.2 per cent less than the revenue of $461.6m generated in April but an increase of 8.4 per cent year-on-year.
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 increased 2.1 per cent year-on-year to $205.7m and retail table games revenue 14.7 per cent to $88.6m.
Hollywood Casino at Penn National in Grantville led Pennsylvania’s land-based casino revenue, reporting $62.8m, a decrease of 0.2 per cent from May 2021. Parx Casino in Philadelphia, generated $57.5m, a year-over-year decrease of 6.9 per cent. Valley Forge Casino Resort in King of Prussia saw its revenue fall 25.1 per cent from last year to $52.8m.
As for slot revenue, Parx Casino generated $34.3m, a decrease of 9.2 per cent from May 2021. It was the second consecutive month that the Philadelphia casino has seen a year-over-year decrease in slot revenue. Wind Creek Bethlehem generated $24.9m and Rivers Casino Pittsburgh’s $22.1m.
The number of slot machines in operation in May 2022 was 26,004 compared to 22,496 in May 2021. Tax revenue from the play of slot machines last month was $104.8m.
Revenue from online slots was up 16.3 per cent at $78.2m, while online table games revenue edged up 2.8 per cent to $32.3m and online poker revenue 8 per cent to $2.8m. Hollywood Casino at Penn National led the way in igaming with $45.5m in revenue, ahead of Rivers Casino Philadelphia at $26.9m and Valley Forge Casino Resort at $21.2m. Tax revenue generated from internet gaming during May 2022 was $47.8m.
The sports betting handle was $493.3m, 10.25 per cent above May 2021’s total of $447.4m. The taxable revenue for May 2022 was $35m compared to $27.7m in May 2021, an increase of 26.18 per cent.
Valley Forge, along with partner FanDuel, retained top spot in the sports wagering market with $19.8m in revenue from $193.4m in bets. Hollywood Casino at the Meadows’ Barstool Sportsbook placed second with $7.1m in revenue off a $111.5m handle.
The handle at Hollywood Casino Morgantown was $54.1m, with revenue of slightly more than $837,000. Hollywood Casino at Penn National and DraftKings generated $1.9m from $34.4m in wagers.
See also: Pennsylvania Gaming Control Board renews licence for Hollywood Casino at the Meadows
