Pennsylvania Gaming Revenue Dips Slightly in April

The Pennsylvania gaming sector experienced a minor decline in April, with total earnings reaching $461.6 million, just a bit less than the record $462.7 million achieved in March.

Although earnings were up 14.5% annually compared to the $404.1 million generated in April 2022, they fell by 0.2% from the previous month, according to figures released by the Pennsylvania Gaming Control Board.

All categories witnessed annual revenue increases except for two segments in the state’s regulated market.

Sports betting saw the most significant growth, with revenue surging 28.0% to $33.7 million. Of this total, $30.7 million came from online and $3 million from in-person betting, while the state’s wagering volume also expanded 19.5% to $572.8 million.

Valley Forge, partnered with FanDuel, remained the leader in the sports betting market with $22.8 million in revenue and a $228.2 million wagering volume. Hollywood Casino at Meadows and its Barstool Sportsbook came in second with $3.5 million in revenue and a $120.3 million wagering volume, followed by Rivers Casino in Pittsburgh and BetRivers with $3 million in revenue and a $39.7 million wagering volume.

Turning to online gambling, revenue here increased 22.0% to $113.1 million. Online slot machine revenue for the month was $76.7 million, up 22.5% from last year, while online table game revenue also jumped 20.9% to $33 million.

The Keystone State’s online poker earnings surged by 22.8% in April, hitting $2.9 million.

Hollywood Casino in Pennsylvania topped the state’s revenue chart with $45.2 million, followed closely by Rivers Casino in Philadelphia ($28.8 million) and Valley Forge Casino Resort ($21.5 million).

The primary source of Pennsylvania’s gambling income remains physical slot machines, which generated $217.9 million, an 8.2% year-on-year rise. Income from physical table games also saw a 17.5% increase, reaching $91.5 million.

Video gaming terminals and fantasy sports were the only market segments that experienced a decrease in earnings in April.

Video gaming terminal revenue dipped by 2.6% to $2.9 million, while revenue in the fantasy sports sector dropped by 16.8% to $1.7 million. DraftKings led the fantasy sports field with $1 million in revenue, ahead of FanDuel ($638,605).

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