Pennsylvania Gaming Revenue Hits Record $623.1 Million in November
Pennsylvania posted a record $623.1 million in gaming revenue in November, the state regulator reported.
LISTEN TO THIS ARTICLE:The Pennsylvania Gaming Control Board (PGCB) said total revenue from all forms of gaming and fantasy contests in November reached $623.1 million, a 10.8% increase versus November 2024. This marks the second time in 2025 that the commonwealth has set a monthly high – the previous peak was $601.8 million in May.
At the operator level, Valley Forge Casino Resort in King of Prussia led the market with $126.7 million in total gaming receipts, a 23.6% rise from $102.5 million a year earlier. Hollywood Casino at Penn National Race Course in Grantville recorded $107.5 million, up 18.9% from $90.4 million in November 2024. Rivers Casino Philadelphia reported $55.8 million, a modest 3.9% gain year‑over‑year, while Parx Casino in Bensalem edged up to $54.2 million, a 0.3% increase.
Breaking the totals down by product, slot machine revenue was roughly flat at $201.2 million, a slight 0.1% decline from the prior year. Parx led all operators in slot receipts with $30.9 million (down 0.3% versus the year‑ago month). Wind Creek Bethlehem posted $24.3 million in slot revenue, up 1.8%, while Rivers Casino Pittsburgh generated $20.7 million in slot takings, down approximately 2.8% from $21.3 million in November 2024.
Digital wagering continued to drive the headline growth: iGaming produced $242.7 million in November, a 21% jump from $200.5 million a year earlier. Hollywood Casino at Penn National led the iGaming segment with $91.3 million (up 22.7%), Valley Forge recorded $70.9 million (a notable 31% increase), and Rivers Casino Philadelphia delivered $38.2 million, up 10% year‑over‑year.
Sports betting generated $98.3 million in revenue on a reported handle of $990.5 million. Valley Forge stood out again in sports wagering, accounting for $44.1 million in revenue from a handle of $372.9 million. Hollywood Casino at The Meadows reported $28.1 million in revenue from a $299.7 million handle, and Hollywood Casino York’s $62.2 million handle yielded $5.7 million in revenue.
Related: Pennsylvania Gaming Revenue Hits $597M in October as iGaming Surges
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Analyst Perspective and Outlook
Industry analysts say the mix of steady slot play and aggressive growth in iGaming is reshaping Pennsylvania’s market dynamics.
"The November figures show that online wagering is no longer a supplemental channel – it’s the growth engine for the commonwealth. Operators who have invested in cross‑platform customer acquisition and seamless app experiences are reaping the benefits. We also see signs that promotional strategies and live‑event schedules helped sustain sports revenue despite a handle that reflects heavy parlay and futures activity.
Graham added a forward look: "Regulatory stability in Pennsylvania, combined with continued product innovation, should keep overall monthly totals elevated. However, operators will need to manage margins as promotional spend and online tax burdens rise. Look for continued concentration of market share among large integrated operators that can fund multi‑channel marketing and technology."
Regulatory observers noted the PGCB’s monthly report underscores how state markets continue to diverge based on local operator strategies and product mixes. For Pennsylvania, the November results highlight the growing importance of digital channels to offset flat or mildly declining brick‑and‑mortar slot performance.
Market watchers will be closely following December results and the holiday sports calendar to assess whether the state can sustain the momentum into year‑end and through early 2026.
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