Pennsylvania Gaming Revenue Sets Monthly Record at $534.22 Million
The Pennsylvania Gaming Control Board (PGCB) recently released its report on the state’s gaming revenue for December 2023. According to the report, Pennsylvania generated a combined total revenue of $534.22 million from all forms of gaming during that month. This figure represents a year-over-year increase of 12.47% and a 20.20% monthly rise. More significantly, it marks a new monthly high for 2023, surpassing the previous record of $515.28 million set in March.
Online Casinos and Sports Betting Drive Pennsylvania’s Revenue Surge
Online casinos and sports betting were the main drivers behind Pennsylvania’s record revenue in December. The state’s 12 online casinos, along with its 17 brick-and-mortar casinos, retail and online sports betting, video gaming terminals, and fantasy sports, collectively contributed to the surge. Notably, all-time monthly revenue highs were achieved for both online casinos ($165.11 million) and sports betting ($72.51 million). These numbers exceeded previous records set in September 2023 and November 2021, respectively.
iGaming Leads Record Revenue for Pennsylvania’s Online Casinos
The leading factor behind Pennsylvania’s record online casino revenue was iGaming, which includes online slots and table games. In December 2023, the gross revenue from iGaming totaled $165.11 million, showing a 4.49% increase from November’s revenue of $158.01 million. It also marked a substantial increase of 22.69% compared to December 2022’s revenue of $134.58 million. The top-performing online casinos in the state during December 2023 were Hollywood Casino at Penn National Race Course, Valley Forge Casino Resort, and Rivers Casino Philadelphia.
| Operator | December 2023 iGaming Revenue | Monthly Change | Annual Change |
| — | — | — | — |
| Hollywood Casino at Penn National Race Course | $60,951,296 | -0.26% | 1.44% |
| Valley Forge Casino Resort | $41,275,080 | 0.39% | 53.68% |
| Rivers Casino Philadelphia | $31,319,964 | 13.13% | 9.75% |
| Harrah’s Philadelphia | $9,872,288 | 24.24% | 145.20% |
| Parx Casino | $4,661,181 | 3.18% | 25.59% |
| Mount Airy Casino Resort | $3,696,187 | 1.68% | -16.03% |
| Golden Nugget | $3,635,184 | 15.76% | n/a |
| Live! Casino Philadelphia | $3,111,557 | 7.08% | 0.33% |
| Bally’s Pennsylvania | $2,767,617 | 39.28% | n/a |
| Wind Creek Bethlehem | $2,132,455 | 6.87% | 45.25% |
| Mohegan Pennsylvania | $1,688,036 | 8.92% | -21.36% |
| Presque Isle Downs and Casino | n/a | n/a | n/a |
| Statewide Total | $165,110,845 | 4.49% | 22.69% |
Pennsylvania Sports Betting Sets New Record in December
In December, Pennsylvania’s sportsbooks experienced a slight monthly decline of 0.92% in the total amount bet, reaching $925.57 million. However, the state still saw a significant 22.62% increase in sports betting revenue, which reached a new record of $72.51 million. This figure surpassed the previous record set in November 2021.
Fanatics Casino Set to Launch Online Casino and Sportsbook in Pennsylvania
Fanatics Casino, the popular sports merchandise company, is all set to launch its online casino and sportsbook in Pennsylvania. After acquiring PointsBet in May 2023, Fanatics has been preparing for its grand entrance into the state’s gambling market. Anticipation has been building, and it has now been confirmed that the launch will happen in the coming week. This will make Fanatics Casino the 21st online casino app available in Pennsylvania. Players who were previously using PointsBet received an email notifying them of the transition, with the assurance that their accounts and rewards would seamlessly transfer to the new platform. Excitement is high among Pennsylvania players as they eagerly await the arrival of Fanatics Casino.
Analyst comment
Positive news: Pennsylvania Gaming Revenue Sets Monthly Record at $534.22 Million. This indicates a strong and growing market in the gaming industry in Pennsylvania. The rise in revenue is driven by online casinos and sports betting. With the upcoming launch of Fanatics Casino, the market is expected to continue to thrive and attract more players.
