Pennsylvania’s gaming industry revenues displayed double-digit annual growth in June as land-based and online operators generated $440.5m.
Data from the Pennsylvania Gaming Control Board revealed that operators’ revenue increased by 13% year-over-year, as Pennsylvania continues to develop despite being a mature US market.
The largest contributor of revenue was slot machines at land-based casinos, which generated $201.5m throughout the month, showing growth of 4.4%. Meanwhile, table games at casinos produced $76.2m, relatively stagnant YoY.
On the online side of the industry, igaming operators yielded $135.4m in revenue from June’s trading, up 31.6%. This was broken down into $98.2m in slots, $34.8m in table games and $2.4m from online poker.
Per operator, Hollywood Casino at Penn National was the clear market leader, making $57.8m from its online casino operations last month. Meanwhile, Valley Forge Casino Resort yielded $28.1 and Rivers Casino made $27.0m.
No other online casino operation made more than $6m.
With an effective tax rate of 54% on online casino revenue in Pennsylvania, operators paid out $59m in taxes to the state, county, and local shares last month.
Sports betting revenue skyrockets
Sportsbook operators in Pennsylvania handled $373.2m last month, which was 5.2% down on June 2022’s $393.5m. However, thanks to a much-improved hold rate – 6.2% – revenue skyrocketed 80% YoY as operators generated $23.1m, compared to $12.8m last year.
FanDuel was the market leader in the Keystone State, where it handled $139.6m. DraftKings came in second place, taking $100.8m in bets, while BetMGM took $30.1m in wagers.
Here is a look at some other operators’ handle:
Caesars: $21.2m
Barstool: $17.2m
betParx: $12.8m
PlaySugarHouse: $11.4m
Meanwhile, on the revenue side, FanDuel was once again the clear leader, generating $16.7m – the overwhelming majority of revenue made in the state last month.
DraftKings yielded $7.9m during June while BetMGM took $2.6m from trading in the Keystone State.
Here’s a look at other operators’ revenue:
Caesars: $1.3m
BetRivers: $1.8m
Barstool: $1.2m
betParx: $914k
PlaySugarHouse: $499k
With a 36% tax rate in place on revenue in Pennsylvania, operators paid out $8.3m to the state in June.
