Pennsylvania Breaks All-Time Gambling Revenue Record for Second Month in a Row

by Olivia Richardson - Wednesday, May 18th, 2022 10:57

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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 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 Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.