Pennsylvania iGaming Smashes Previous Revenue Record in February
Pennsylvania’s gaming industry hit a historic high in February, as operator winnings soared to a record $184.9 million, driven largely by PENN National’s $77.3 million in internet casino revenue — marking a new milestone for the state’s iGaming market.
Mar 21, 2024
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The Pennsylvania Gaming Control Board has released a record-setting report, announcing $184.9 million in operator winnings for February — the highest ever recorded. The milestone was driven by PENN National’s internet casino platforms, which earned an impressive $77.3 million in gross revenue, up 36.8% from its previous record.
Key Highlights:
Pennsylvania’s online casino operators have generated over $5 billion in revenue since July 2019.
State tax receipts exceeded $50 million for the first time, reaching $51.1 million in February.
Overall operator earnings surged to $165.1 million, marking a new benchmark in the US iGaming sector.
Operator Performance:
Harrah’s Philadelphia led growth with a 95.3% revenue jump, followed by Valley Forge Casino Resort at 63%.
BetRivers, Bally’s, and Golden Nugget also reported notable gains.
Mount Airy recorded the largest decline, down 28.3% to $3.6 million.
Retail Casino Insights:
Total retail casino revenue reached $279.4 million, up 0.7% year-over-year.
Table games grew 2.9% to $76.6 million, while slot winnings remained stable at $202.7 million.
Live! Casino Philadelphia stood out with 20.8% growth, hitting $13.1 million in revenue.
With a total adjusted gross revenue of $499.1 million, including $30.2 million from sportsbooks, Pennsylvania continues to cement its status as one of the leading online and retail gaming markets in the US.
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