The Pennsylvania Gambling Control Board (PGCB) has released its latest monthly revenue report revealing that the state’s licensed gambling operators combined to generate revenues of $461.6 million for the month of April.
Sports betting revenues also increased by $3.2 million during April
Revenue jumped by 6.7% month-on-month and 14% year-on-year setting yet another all-time revenue record for the state. This is the second month in a row that the state has broken the revenue record following a hugely successful March when gambling operators reported revenues of $432.5 million.
According to the report, the majority of the state’s casinos experienced year-on-year growth. Meanwhile the iGaming sector enjoyed another successful month as PA online casinos generated a combined $113.1 million in revenue. This was up by 22.05% compared to April 2021 but down by $5 million compared to the previous month. Online slots generated $76.7 million for the month, a drop of almost $3 million from the previous month while online table games generated $33.4 million, down from the $35.7 million in March. Internet poker generated just $2.9 million, down slightly from the $3.2 million generated in the previous month.
Hollywood Casino at Penn National was once again the iGaming market leader with over $45.2 million in revenue. Its nearest competitor Rivers Casino Philadelphia reported $28.8 million in revenue while Valley Forge Casino Resort generated just $21.5 million.
Sports betting activity dips but revenues increase
Sports betting in Pennsylvania continues to recover from a disastrous February when licensed sportsbooks combined to lose $442,847. March saw the industry bounce back with revenues of $30.4 million while this upward trend continued through April as sports betting operators reported revenues of $33.6 million. This was a jump of 28% on the same period in 2021.
Despite the jump in revenue, the total amount wagered on sports during April came to just $572.8 million, a significant drop from the $715 million wagered in the previous month.
The market leader for the month was once again Valley Forge and its sports betting partner FanDuel who combined to post revenues of $22.8 million. $22.6 million of that figure came through FanDuel’s online sports betting operations.
As a result, state taxes from sports betting in Pennsylvania for the month of March came to $12.1 million, a jump of 17.4% from the $10.3 million paid during the previous month.
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.