Record igaming revenue and increased sports betting contribute to Pennsylvania’s robust October

November 17, 2022 7:01 PM
Photo: Rivers Casino flickr photo by World Poker Tour shared under a Creative Commons (BY-ND) license
  • Rege Behe, CDC Gaming Reports
November 17, 2022 7:01 PM
  • Rege Behe, CDC Gaming Reports

Spurred by record igaming revenue, the Pennsylvania Gaming Control Board Thursday reported that gaming revenue in October totaled $450.2 million, an increase of 5.71% compared to the same time period in 2021.

Story continues below

Revenue from igaming was $124.5 million, outpacing the previous record of $118.1 million set in March 2022. Sports wagering also contributed to the revenue increase, reaching $40.5 million, a year-over-year increase of 72.1%.

October marks the fourth consecutive month gaming revenue in the Commonwealth State topped $420 million and the eighth of 10 months in 2022 that revenue topped $400 million.

Hollywood Casino at Penn National in Grantsville led all Pennsylvania brick-and-mortar casinos with revenue of $68.7 million, an increase of 20.4% over October 2021. Valley Forge Resort Casino in King of Prussia reported a year over year increase of 31.7%, generating $56.5 million, and Philadelphia-based Parx Casino brought in $54.9 million, a decrease of 4.2%.

For the second consecutive month, slot revenue dropped across the state, with 10 of Pennsylvania’s brick-and-mortar casinos reporting decreases. Parx Casino generated the most slot revenue, $32 million, a year-over-year decrease of 4.9%. Wind Creek Bethlehem reported $22.3 million, a drop of 4.2% from the same time period in 2021, and Rivers Casino’s $21.7 million was a decrease of almost 5%.

Hollywood Casino at Penn National generated igaming revenue of $52.7 million. Rivers Casino Philadelphia brought in $29.3 million, and Valley Forge Casino Resort reported $23.4 million in igaming revenue.

Valley Forge Resort Casino produced a handle of $292 million and revenue of $22.1 million from sports wagering. The handle at Hollywood Casino at the Meadows in Meadowlands was $231.1 million, with revenue of $7.8 million. Rivers Casino Pittsburgh generated revenue of $2.6 million from sports wagering out of a total handle of $33.3 million.