Friday, February 14, 2025

Pennsylvania hits record iGaming revenue in December

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December marked the second straight month of record iGaming revenue in Pennsylvania, though sports betting revenue dipped due to favorable results for players. 

The total gambling revenue in Pennsylvania for December reached $533.1 million (£463.5 million/€517.3 million), a 0.2% decline year-on-year and 5.2% lower than November’s record $562.4 million. According to the Pennsylvania Gaming Control Board (PGCB), iGaming was the standout segment, generating $223.6 million, up 35.5% from December 2023 and 11.5% above November’s record revenue.

Of the total, $164.3 million came from online slots, marking a 40.5% year-on-year increase. Revenue from internet table games rose by 24.2%, while online poker grew 2.9% to $2.5 million. Players wagered $4.28 billion on online slots in December and $3.01 billion on table games, with no spending data for online poker provided.

Hollywood Casino at Penn National maintained its leadership in the iGaming sector, generating $86.4 million in revenue, up 41.8% from 2023. Valley Forge Casino secured second place with $61.3 million, a 48.4% increase, followed by Rivers Casino Philadelphia with $35.2 million, reflecting a 12.4% rise.

Sports betting gross gaming revenue dropped 69.9% year-on-year to $21.9 million, a significant decline from November’s $77.1 million record, falling 71.6%. Similar trends were seen in other states, such as New Jersey and New York, where December also saw declines due to customer-friendly results, allowing players to win more and reducing operator margins.

Online betting revenue for December reached $21.6 million, while retail generated $222,395. The total betting handle was $893.4 million, down 3.5% year-on-year and 4.5% below November’s record of $935.5 million. Players wagered $848.8 million online and $44.6 million at retail sportsbooks, resulting in a state-wide hold of just 2.45%.

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