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Pennsylvania’s Authorities Report Growth in August Gambling Revenue

27 september 2024
Author: James Burton

In August 2024, Pennsylvania’s gambling revenue hit $ 525.5 million, representing 14.9% YoY growth and a 4.9% MoM rise. The increase occurred primarily due to the dynamically developing iGaming sector.

Key Notions from the State’s Financial Report

Gambling revenue in Pennsylvania: August 2024

While land-based operations delivered the biggest figures in the total income pool, online activities experienced a rapid boost. Meanwhile, sportsbooks had minor fluctuations but still showcased great performance.

Let us review the financial situation in detail:

iGaming

Online entertainment services brought in $ 183.7 million in the last weeks of the summer, 29% more than in 2023. This monthly figure is the 2nd-highest ever after March 2024, when the region gained $ 191.1 million.

Revenue distribution within the iGaming category:

  • slots — $ 138.3 million;
  • tabletops — $ 43.2 million;
  • poker — $ 2.2 million.

Hollywood Casino at Penn National Race’s achievements led the internet sector with $ 72.1 million. Valley Forge Casino’s great financial results placed it in the 2nd place, revealing $ 46 million. With a slight gap, Rivers Casino Philadelphia’s $ 30.8 million closed the trio of local frontrunners.

Bookmakers

GGR in the sports betting segment accounted for $ 45.4 million in the reporting period. This figure represents a 48.4% YoY uplift but a 13.9% MoM decrease. Excluding marketing expenses, the taxable revenue hit $ 30 million.

In this category, online operations also demonstrated the finest results. Digital wagering brought in $ 25.5 million, while land-based activities reached $ 4.5 million. The total handle for the last summer month stood at $ 485.3 million, 23.5% higher than in 2023.

Leading bookmakers (revenue and overall bets):

  • FanDuel — $ 13.3 million ($ 176.5 million).
  • DraftKings — $ 7.8 million ($ 124.4 million).

Physical Establishments

Ground gaming once again had the largest share of the general industry income:

  • slot machine turnover was $ 211.1 million in the reporting period, up 3.9% YoY;
  • tabletops experienced a slight drop of 2.1% to $ 81 million;
  • video terminals rose by 5.7% to $ 3.7 million;
  • fantasy sports gained $ 647,522, an 18.3% yearly decline.

Casino Market experts can help you launch a profitable gambling business in promising countries.

We also supply separate software components, assist with project licensing and promotion, provide free demo versions, and offer slot game development. Access the finest technologies and top-notch service by contacting our managers.

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