Pennsylvania is continuing to showcase its viability as a regulated gambling market.
According to data provided by the Pennsylvania Gaming Control Board (PGCB), the Keystone State generated $504.6 million in total gaming revenue in April, a 5.8% increase year-over-year. The state’s gaming revenue includes DFS contents, slot machines, iGaming, sports betting, table games, and video gaming terminals. The sources of entertainment for Pennsylvanians and state visitors generated $209.9 million in total tax revenue. By comparison, total tax revenue in April 2023 reached $195.6 million in the state.
FanDuel top sportsbook in Pennsylvania
Pennsylvania is one of the largest regulated sports betting markets in America with the state accepting $646 million in wagers last month, up 12.9% compared to April 2023.
The Keystone State is home to 12 online sportsbooks that partner with retail casinos.
FanDuel, a Valley Forge Casino partner, emerged as the top operator in April for both handle and revenue. The Flutter Entertainment-owned brand generated $25.4 million in gross gaming revenue during the month behind a $272.3 million handle. For the same month last year, FanDuel posted $21.3 million in gross revenue and a $225 million handle.
DraftKings closed with the second-highest handle at $168.2 million, which generated $9.8 million in gross revenue. By comparison, the Hollywood Casino at the Meadows partner had a $157.3 million handle in April 2023 but saw revenue reach $10.2 million.
PENN Entertainment’s ESPN Bet, which launched in November 2023, rounded out the top three in April with a $41.6 million handle and $2.1 million in gross revenue.
ESPN Bet partners with Hollywood Casino at Penn National Race Course for wagering.
Bad month for a Pennsylvania operator
As other operators reported favorable growth in April, BetRivers suffered heavy losses.
The Rivers Casino Philadelphia partner reported a $18.7 million handle during the month, a slight increase from its $17.9 million handle in April 2023. That month, BetRivers reported a $82,387 loss in gross revenue which jumped to a $591,769 loss in April 2024.
BetRivers’ losses last month were the most by any licensed sportsbook in Pennsylvania.
Betfred was the only other operator in the state to report a loss in gross revenue. Last month, the Wind Creek Casino partner posted a $14,766 loss and a $1.1 million handle.
Pennsylvania’s iGaming market
The Keystone State is one of seven regulated U.S. iGaming markets. In April, iGaming revenue closed at $173.4 million, a 26% uptick compared to the same month last year.
Interactive slots were Pennsylvania’s top source of iGaming revenue in April with the games generating $126 million in gross revenue behind $3.4 billion wagers received. Online table games posted a $2.6 billion handle and $45 million in gross revenue.
Non-banking tables, which includes poker, generated $2 million in revenue last month.
