Pennsylvania gambling revenue hits $505.8M in Sept. 2024
Key Points at a Glance
- Pennsylvania recorded a record revenue of over USD 505.8 million in the gambling sector in September 2024.
- Revenue increased by 6.2% compared to the previous year.
- Slots, both online and offline, were the biggest revenue drivers.
- Sports betting generated USD 53.5 million in revenue.
- Valley Forge Casino Resort led the way with USD 85.6 million in revenue.
Strong Growth in Pennsylvania Gambling Revenues
The gambling industry in Pennsylvania saw remarkable revenue of over USD 505.8 million in September 2024. This is according to the latest report from the Pennsylvania Gaming Control Board (PGCB). Revenue increased by 6.2% compared to the previous year, indicating the continued growth of the gambling sector in the state.
Slots Dominate the Market
A large portion of the revenue came from slot games. Retail slot machines generated almost USD 197 million. However, this segment saw a slight decline of 1.5% compared to the previous year. In contrast, the online slot sector (iGaming) experienced a significant increase of over 15%, generating USD 132 million in revenue.
Sports Betting and iGaming on the Rise
Sports betting also played a significant role in September. The total betting handle amounted to USD 811.2 million, with USD 53.5 million recorded as net revenue. The iGaming sector as a whole also shone, with total revenue of USD 176.7 million.
Valley Forge Casino Resort Takes the Lead
Valley Forge Casino Resort was the top revenue generator in September. With USD 85.6 million, it posted an impressive growth of 29.5% compared to the previous year. Hollywood Casino at Penn National Race Course followed in second place with USD 82.5 million, and Parx Casino came in third with USD 52.2 million.
Parx Casino Leads in Slot Revenue
Parx Casino dominated the slot segment, generating USD 30.2 million solely from slot machines. Wind Creek Bethlehem and Rivers Casino Pittsburgh followed with USD 24.2 million and USD 20.7 million, respectively. Wind Creek Bethlehem also led in table games, generating nearly USD 18 million.
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Impressive Tax Revenues
In September, the state of Pennsylvania collected an impressive USD 211.2 million in tax revenues from various gambling activities. These revenues are allocated to numerous public projects and contribute to the state’s economic stability.
Our Assessment
The numbers clearly show that the gambling sector in Pennsylvania continues to grow. The iGaming sector and sports betting, in particular, have proven to be strong revenue drivers. Despite a slight decline in retail slot machines, player interest remains strong. In the coming months, we expect the online sector to continue gaining importance, while traditional casinos will strive to maintain their position.
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