Pennsylvania Gaming Sees Continued Growth in June
Expertise: iGaming, Online casinos
LISTEN TO THIS ARTICLE:
According to the latest monthly data released by the Pennsylvania Gaming Control Board on Thursday, gambling and sports betting operators in the Keystone State reported a combined revenue of $471.9 million for June. The figure represents a 7.15% increase compared to the same month last year. However, June’s revenue was 7.8% down from the $521.0 million generated in May 2024.
While other verticals also saw improvement, significant growth in the PA online casino and sports betting sectors fueled the overall year-on-year increase in revenue. Online slots led the way, with a 21.6% YoY boost to $119.4 million. Virtual table games generated $39 million in revenue in June, up from $34.8 million in 2023.
Sports betting operators collected $464.5 million in total player wagers during June and posted a revenue of $29.9 million. The total was well ahead of the previous year’s $23.1 million by 29.6%. As usual, online sportsbooks dominated the market, accounting for $28.5 million or 95.2% of the total sports betting revenue.
Hollywood Casino Retains Lead
Hollywood Casino at Penn National maintained its top position in the state, with $74.1 million in total revenue for the month. However, Valley Forge Casino reported the highest turnover during the month, at 24.8%, which catapulted it to second place with $63.9 million in winnings. Parx Casino rounded off the top three with $50.3 million in revenue.
While other casinos saw gains, six experienced a revenue decline for the month. Mohegan, Pennsylvania, was the worst affected, with a 12.5% drop in revenue to $17.26 million. Presque Isle Downs and Casino followed, with a 3.9% decrease to $9.0 million.
Regarding other segments of Pennsylvania’s gaming industry, Fantasy Sports saw a 13.9% increase in revenue to $966,589. Other aspects remained steady with last year’s figures, except poker, whose revenue dropped by 9.3% to $2.2 million.
RELATED TOPICS: Finance
