Pennsylvania: Gaming revenue surpasses major milestone

Tuesday, April 18, 2023 3:36 PM
  • Rege Behe, CDC Gaming

More than a half-billion dollars.

That’s the revenue — $515.3 million to be exact — the Pennsylvania Gaming Control Board Tuesday reported from all forms of gaming in the state for March 2023. It’s the first time revenue passed the half-billion-dollar mark since gambling was legalized in 2006 and it’s a year-over-year increase of 11.35%.

Hollywood Casino at Penn National in Grantsville led all Pennsylvania casinos with $80.9 million, a 27% increase over March 2022. Valley Forge Casino Resort in King of Prussia posted revenue of $65.8 million and Parx Casino in Philadelphia generated $60.4 million.

By percentage increase, Hollywood Casino Morgantown’s jump of 66.9% was the largest in the Keystone State, with revenue increasing from $5.7 million in March 2022 to $9.4 million. Hollywood Casino at the Meadows in Meadowlands also saw a significant increase of 51.9%, bringing in $31.2 million for the month.

Slot revenue was $225.4 million in March, a year-over-year increase of 4.9%. Despite a decrease of 2.3%, Parx Casino led in slot revenue with $35.1 million. Wind Creek Bethlehem generated $24.95 million, edging out Rivers Casino Pittsburgh, which totaled $24.91 million in slot revenue.

Revenue from igaming reached $148.2 million, an increase of 25.4% over March 2022. Hollywood Casino at Penn National led with $62.3 million, followed by Valley Forge Casino Resort with $31.8 million and Rivers Casino Philadelphia, which posted igaming revenue of $30.5 million.

Revenue from sports betting was $50.6 million on a handle of $723.5 million, an increase of 66.6% from March 2022. Valley Forge Casino Resort generated sports betting revenue of $23.9 million, with a handle of $280.7 million. Hollywood Casino at the Meadows posted revenue of $12.3 million and a handle of $187.8 and Hollywood Casino Morgantown’s sports betting revenue was $3.0 million on a handle of $56.4 million.

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