Pennsylvania: Bolstered by increased sports betting, September gaming revenue reaches $448.4 million

October 18, 2022 6:55 PM

Pennsylvania: Bolstered by increased sports betting, September gaming revenue reaches $448.4 million

Photo: Greenwood Gaming & Entertainment, Inc.
  • Rege Behe, CDC Gaming Reports
October 18, 2022 6:55 PM
  • Rege Behe, CDC Gaming Reports
  • Pennsylvania
  • Commercial Casinos
  • Igaming
  • Sports Betting

The Pennsylvania Gaming Control Board Tuesday reported that gaming revenue in September was $448.4 million, a year-over-year increase of 7.89%. It’s the third consecutive month that gaming revenue in the state has topped $420 million and it marked the Keystone State’s highest total since the $447.7 million generated in May 2022.

State revenue was bolstered by a 77.7% increase in sports wagering over September 2021, producing revenue of $50.2 million from a total handle of $645.2 million. The jump in sports-wagering revenue coincides with the start of the professional and college football seasons.

Valley Forge Resort Casino in King of Prussia produced a handle of $212.9 million and revenue of $22.7 million from sports wagering. The handle at Hollywood Casino at the Meadows in Meadowlands was $207.5 million with revenue of $11.3 million. Hollywood Casino at Penn National in Grantsville generated $3.1 million from sports wagering on a total handle of $41.1 million.

Hollywood Casino at Penn National led all Pennsylvania brick-and-mortar casinos with revenue of $65.9 million, an increase of 18.1% over September 2021. Parx Casino in Philadelphia sustained a year-over-year decrease of 2.61%, but still generated the second most revenue in the state for the month, $55.6 million. Valley Forge Resort Casino ranked third in total revenue with $53.0 million, 27.7% higher than September 2021.

Slot revenue was $198.5 million, a minor decrease of 0.18% from September 2021, with 11 of Pennsylvania’s brick-and-mortar casinos generating less revenue from slots compared to the same time period last year. Parx Casino led the state in slot revenue with $32.3 million, a year-over-year decrease of -3.6%. Rivers Casino in Pittsburgh had slot revenue of $22.4 million, a decrease of 0.89% from September 2021, and Wind Creek Bethlehem’s slot revenue of $21.9 million was a -5.9% year-over-year decrease.

Revenue from igaming was $112.7 million in September, a year over year increase of 15.2%. Hollywood Casino at Penn National generated the most igaming revenue in September, $48.6 million, followed by Rivers Casino Philadelphia with $26.1 million, and Valley Forge Casino Resort with $19.6 million.

Rege Behe is lead contributor to CDC Gaming Reports. He can be reached at rbehe@cdcgaming.com. Please follow @RegeBehe_exPTR on Twitter.