Pennsylvania: November gaming revenue dips year over year, but sports betting handle tops $900 million for first time

Tuesday, December 19, 2023 8:46 PM
  • Rege Behe, CDC Gaming

The Pennsylvania Gaming Control Board Tuesday reported a small year-over-year drop in November gaming revenue, the $444,473,505 generated from all forms of gambling resulting in a decrease of 1.7%.

The good news for the PGCB was that November’s sports-wagering handle reached $934.1 million. November is the first month that the handle has topped $900 million.

Hollywood Casino at Penn National in Grantsville led Pennsylvania with gaming revenue of $66.6 million, a 6.5% decrease compared to November 2022. Valley Forge Casino Resort in King of Prussia also saw a year-over-year decrease, the $60.6 million generated a decrease of 6.3%, and Park Casino in Philadelphia’s revenue of $51.1 million was a year-over-decrease of 2.9%.

Only one casino in the state experienced double-digit growth from 2022, with Harrah’s Philadelphia posting revenue of $19.2 million, an increase of 10.9%.

Slot revenue in November jumped 2.3% year over year, reaching $189.7 million. Parx led all casinos in Pennsylvania with slot revenue of $29.7 million, though it was a year-over-year decrease of 0.9%. Wind Creek Bethlehem had slot revenue of $22.8 million, an increase of 8.8%, and Rivers Casino Pittsburgh generated $20.5 million, a decrease of 1.5%.

Pennsylvania’s igaming revenue reached $109.3 million, with Hollywood Casino at Penn National bringing in $61.1 million. Valley Forge Casino Resort earned $41.1 million in igaming revenue and Rivers Casino Philadelphia generated $27.7 million.

Perennial sports-betting lead generator Valley Forge Casino Resorts had a handle of $384.1 million, resulting in revenue of $8.4 million. Hollywood Casino at the Meadows in Meadowlands’s sports-betting revenue was $7.9 million based on a handle of $253.1 million. Parx Casino’s handle of $24.5 million yielded revenue of $1 million, while Harrah’s Philadelphia $998.8 million in revenue came from a handle of $47.6 million.

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