Pennsylvania’s total gambling revenue for August surged to $525.5 million, marking a 14.9% increase year-on-year, and a 4.9% rise from July 2024, driven by strong performances in the state’s growing iGaming sector.
The state’s iGaming revenue reached $183.7 million for the month, representing a 29% jump compared to the same period last year and the second-highest monthly total on record, falling just short of March 2024’s $191.1 million. Online slots contributed $138.3 million, while table games brought in $43.2 million, and online poker generated $2.2 million.
Hollywood Casino at Penn National Race Course continued to dominate the iGaming market with $72.1 million in revenue, followed by Valley Forge Casino Resort with $46.0 million, and Rivers Casino Philadelphia with $30.8 million.
Gross sports betting revenue hit $45.4 million, an increase of 48.4% year-on-year, although down 13.9% from July. After accounting for promotional credits, taxable sports betting revenue stood at $30.0 million.
Online sports betting led the way, generating $25.5 million in revenue, while retail outlets contributed $4.5 million. Total betting handle for the month reached $485.3 million, a 23.5% rise compared to last year.
FanDuel, partnered with Valley Forge Casino Resort, remained the leading operator in sports betting, posting $13.3 million in revenue from $176.5 million in bets. DraftKings, partnered with Hollywood Casino at the Meadows, followed with $7.8 million in revenue from a $124.4 million handle.
Land-based slot machines remained Pennsylvania’s largest source of gambling revenue, generating $211.1 million in August, up 3.9% from last year. However, physical table games saw a 2.1% decline in revenue, bringing in $81.0 million.
Video gaming terminals saw a modest increase, with revenue up 5.7% to $3.7 million, while the fantasy sports segment experienced an 18.3% drop, falling to $647,522.
Original article: https://www.yogonet.com/international/noticias/2024/09/21/79343-pennsylvania-gambling-revenue-hits-5255-million-in-august-driven-by-igaming-growth
