Pennsylvania: Thanks to online play, gaming revenue continues to rise

December 19, 2022 2:16 PM

Pennsylvania: Thanks to online play, gaming revenue continues to rise

Photo: By Ii2nmd - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=74706962
  • Rege Behe, CDC Gaming Reports
December 19, 2022 2:16 PM
  • Rege Behe, CDC Gaming Reports
  • Pennsylvania
  • Commercial Casinos
  • Igaming
  • Sports Betting

The Keystone State’s gaming industry continues to thrive.

The Pennsylvania Gaming Control Board Monday announced that revenue generated from all forms of gaming added up to $452,357,922 in November. That’s a year-over-year increase of 4.59%, and about $2 million more than generated in October 2022.

November is the fourth month in a row that gaming revenue exceeded $420 million and the ninth month this year that the state’s gaming operators generated more than $400 million.

The increase comes despite a year-over-year decrease in sports betting revenue, from $63.6 million in November 2021 to $52.9 million this year. But revenue from igaming surged, with online table-game revenue reaching $39.5 million, a 42.7% increase over November 2021, and a 36.5% increase in slot revenue to $86.6 million in November.

Hollywood Casino at Penn National in Grantsville led all Pennsylvania brick-and-mortar casinos with revenue of $71.2 million, an 18.5% increase over November 2021. Valley Forge Resort Casino in King of Prussia reported a year-over-year increase of 13.2 %, generating $64.6 million. Philadelphia-based Parx Casino was third among Pennsylvania casinos, despite a year-over-year decrease of 6.6% to $52.6 million.

Slot revenue for the month tracked evenly with November 2021, with a minuscule increase of 0.04% to $185.5 million. For the second month in a row, 10 Pennsylvania casinos reported decreases in slot revenue. Parx Casino led in slot revenue with $30.0 million, a year-over-year decrease of 5%. Wind Creek Bethlehem generated $20.9 million, a dip of 7.2% from November 2021, and Rivers Casino Pittsburgh reached 20.9 million, a slight year-over-year decrease of 1.1%.

Three Pennsylvania gaming operators were responsible for approximately 85% of revenue from igaming.

Hollywood Casino at Penn National generated igaming revenue of $55.6 million. Rivers Casino Philadelphia brought in $27.5 million and Valley Forge Casino Resort reported $26.5 million in igaming revenue.

Valley Forge Resort Casino’s $297.2 million and revenue of $28.6 million from sports wagering led all operators. The revenue was a year-over-year decrease of 1.8%.

The handle at Hollywood Casino at the Meadows in Meadowlands was $211.6 million, with revenue of $12.2 million, an increase of 1.5% from November 2021. Hollywood Casino Morgantown generated a $2.3 million win from sports wagering from a total handle of $61.8 million. The whopping 674.7% increase is skewed, because the Morgantown site didn’t officially open until December 22, 2021.

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