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Total gambling revenue in Pennsylvania reached $557.7 million in July.
Gambling revenue in Pennsylvania increased by 11.4% year-on-year in July, primarily due to further growth within the state’s iGaming market.
Total revenue for the month reached $557.7 million, the Pennsylvania Gaming Control Board (PGCB) reported. This surpassed last year and was 2.4% higher than June of this year.
Land-based casinos remained the main source of gambling revenue in the state. However, growth here was marginal when compared to a double-digit increase within the iGaming segment.
iGaming revenue tops $228.3 million
The operators’ iGaming revenue was 30.9% higher year-on-year at $228.3 million. Of this, $177.2 million came from online slots, $48.5 million table games and $2.5 million poker.
Hollywood Casino at Penn National Race Course and its online gaming partners retained the lead. The operator posted $87.8 million in iGaming revenue, an increase of 37.2%.
Valley Forge Casino Resort was again second, posting $61.0 million, up 34.1%. Rivers Casino Philadelphia remained third with $37.8 million, some 26.5% more than the previous year.
Sports betting revenue rises 5.2% despite lower handle
Turning to sports betting, total revenue for the segment increased by 5.2% to $40.6 million. This included $37.9 million from online wagering and $2.7 million in online betting revenue.
The rise came despite handle dipping 0.5% to $412.5 million. Online spend in July amounted to $392.6 million, with retail wagering hitting $19.9 million.
In terms of hold, the state’s monthly figure stood at 9.84%.
As it has done for some time, FanDuel, partnered with Valley Forge Casino Resort, was the market leader. Posting $15.5 million in gross revenue off a $140.9 million handle meant a hold of 11.00%.
DraftKings and Hollywood Casino at the Meadows again placed second, with $11.3 million from $112.3 million resulting in a 10.06% hold. Fanatics and Hollywood Casino York ranked third with $2.7 million off $28.4 million for a hold of 9.51%.
Other operators of note included Morgantown and BetMGM, with $2.1 million in revenue from a $33.3 million handle meaning a 6.3% hold. ESPN Bet and Hollywood Casino at Penn National completed the top five with $1.7 million off $18.7 million for a 9.09% hold.
Retail slots rise offsets table games decline
Looking towards the land-based market, retail slots revenue increased by 2.1% to $208.5 million. It remains the single largest source of gambling revenue in Pennsylvania. However, physical table games revenue dipped 4.0% to $76.2 million.
Video gaming terminal revenue at truck stops fell 1.1% to $3.4 million, while fantasy sports revenue fell 17.1% to $592,766.
As for tax, the state and local governments drew a total of $248.5 million from gambling in July. This included $103.9 million from iGaming, $14.6 million from sports betting, $105.3 million from land-based slots and $12.9 million physical table games.
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