Pennsylvania Sets New Record in iGaming Revenue

Pennsylvania’s online casino games had an extremely successful month in March, breaking records for state gaming revenue. The Pennsylvania Gaming Control Board announced this week that the total revenue from all types of gaming in the state reached a record high of over $554.6 million for the month. Pennsylvania earned over $191 million in revenue from iGaming for the month.

In December 2023, the highest monthly gaming revenue for Pennsylvania was $534.2 million. Users in Pennsylvania made the most of the top PA online casino bonus codes, resulting in record-breaking revenue this month.

iGaming Drives Pennsylvania Revenues

Last month, Pennsylvania made a record-breaking amount of money from gaming revenue. They earned $554,625,294, surpassing the previous record of $534,215,808 set in December 2023. The revenue in March was 7.64% higher than the revenue in March 2023, which was $515,278,831.

Last month, most of the gaming revenue in Pennsylvania came from iGaming. The Pennsylvania Gaming Control Board reported a total revenue of $191,086,114 for the month. In March, the majority of revenue came from iSlot, which totaled $135,519,554. iTable revenue was $53,091,910, and iPoker revenue was the lowest at $2,474,651.

Hollywood Casino at Penn National Race Course earned the most money from online gambling, with over $72.28 million in revenue for the month. Valley Forge Casino Resort came in second with $50.8 million, followed by Rivers Casino Philadelphia with $32.75 million.

Pennsylvania earned $82,061,953 in tax revenue from iGaming for the month. In March 2024, Pennsylvania made a total of $229,566,989 in tax revenue from various types of gaming and fantasy contests.

See also  Survey Declare the Most Hospitable Small Towns In South Dakota

Also Read: Retiree Anne Hercules Seeking for Ohio County BOE Seat

These are the total revenue figures for iGaming in the month of March:

  • Hollywood Casino at Penn National Race Course (ESPN BET): $72,286,369
  • Valley Forge Casino Resort (FanDuel): $50,830,426
  • Rivers Casino Philadelphia (BetRivers): $32,759,238
  • Harrah’s Philadelphia (Caesars Sportsbook): $10,402,217
  • Parx Casino (betPARX): $5,676,865
  • Golden Nugget: $4,467,658
  • Mount Airy Casino Resort: $4,312,779
  • Bally’s Pennsylvania: $3,571,292
  • Live! Casino Philadelphia: $3,501,168
  • Wind Creek Bethlehem (Betfred): $2,087,290
  • Mohegan Pennsylvania (Unibet): $1,190,810

March Madness Fuels Sports Betting

In March, users in Pennsylvania placed bets totaling over $800.7 million on sports. This is a 10.7% increase compared to the total amount of $723.54 million bet in March 2023. In March 2024, even though there was more betting activity, the total taxable revenue was lower compared to March 2023. Pennsylvania’s taxable revenue in March 2024 was $45.58 million, which is lower than the $50.6 million reported in March 2023.

Here are the amounts of money bet and the total revenue for each online sports betting company in the state. FanDuel was the most popular online sports betting operator in Pennsylvania in March. They had a total handle of over $333 million and generated $24.3 million in sports betting revenue for Valley Forge Casino.

Here are the totals for the sports betting operator partners for the month:

  • Valley Forge Casino (FanDuel): $333,189,800 handle, $24,354,291 total sports betting revenue.
  • Hollywood Casino at the Meadows (DraftKings): $209,222,648 handle, $10,733,645 total sports betting revenue.
  • Hollywood Casino Morgantown: $51,939,662 handle, $1,756,267 total sports betting revenue.
  • Hollywood Casino at Penn National (ESPN BET): $54,637,036  handle, $1,645,905 total sports betting revenue.
  • Harrah’s (Caesars Sportsbook): $33,433,001 handle, $1,594,630 total sports betting revenue.
  • Rivers – Pittsburgh (BetRivers): $30,114,208 handle, $1,502,613 total sports betting revenue.
  • Hollywood Casino York: $31,934,997 handle, $1,009,030 total sports betting revenue.
  • Parx Casino (betPARX): $16,666,192 handle, $839,160 total sports betting revenue.
  • Live! Casino Philadelphia: $8,199,239, $706,269 total sports betting revenue.
  • Rivers – Philadelphia (BetRivers): $19,501,294 handle, $588,976 total sports betting revenue.
  • Mohegan Pennsylvania: $5,376,276 handle, $286,988 total sports betting revenue.
  • Mohegan Lehigh Valley: $1,359,066 handle, $165,935 total sports betting revenue.
  • Wind Creek (Betfred): $1,348,188 handle, $127,850 total sports betting revenue.
  • South Philly Race and Sportsbook: $1,209,576 handle, $116,990 total sports betting revenue.
  • Live! Casino Pittsburgh: $1,160,917 handle, $94,949 total sports betting revenue.
  • Mount Airy: $834,031 handle, $21,981 total sports betting revenue.
  • Parx Shippensburg: $65,711 handle, $1,377 total sports betting revenue.
  • Presque Isle Downs and Casino: $890,390 handle, $795 total sports betting revenue.
See also  Essential Quarterly To-Do List for Landlords and Property Managers

Leave a Reply

Your email address will not be published.