Pennsylvania’s operators have gained a record $6.39 billion in gambling revenues for the 2024/25 fiscal year, up 8.6% YoY. The online casino segment became the main driver of growth, increasing earnings by 27%.
According to the Pennsylvania Gaming Control Board’s report, taxes totalled $2.8 billion, up 10% from last year.
Record Results in the Digital Vertical
Internet gambling revenue reached $2.48 billion, up from $1.95 billion last year. Among the leaders were:
- Hollywood Casino at Penn National Race Course — $935.8 million (+24.6%). Its BetMGM, DraftKings, Fanatics, and Hollywood Casino web platforms operate under a single licence.
- Valley Forge Casino Resort — $675.2 million (+39.9%). The permit provides access to FanDuel and Stardust content.
- Rivers Casino Philadelphia — $411.7 million (+15.4%). The certification is used by BetRivers and Borgata.
- Golden Nugget — $79.7 million (+102.9%). The result was achieved exclusively by Golden Nugget Online Casino.
Wind Creek Bethlehem generated $18.1 million (-20.6%), which turned out to be the weakest figure of the year. Mount Airy Casino Resort, operating PokerStars, is also worth mentioning — $42.6 million (-7.9%). After refusing to participate in the launch of an interstate card game in April, the iGaming platform lost some players and revenue.
Sportsbooks' Financial Achievements
The total betting volume increased by 7%, reaching $8.72 billion. Nevertheless, profits remained almost unchanged, accounting for $487.6 million (+0.2% YoY). Over 94% of the turnover came from gamblers using mobile wagering applications. Tax deductions from bookmakers amounted to $175.6 million, which is $436,000 more than a year earlier.
The list of the vertical’s leaders includes FanDuel with $250.3 million (+0.37%) and DraftKings with $131.2 million (-4.34%).
Experts believe that the increase in player activity amid stable earnings indicates a decline in the margins of niche operators due to aggressive promotions and large payments to customers.
Ground Casinos: Slots and Table Games
Despite the growth of the internet segment and the rise of unregulated skill-based machines, offline gambling venues hold their positions.
Slots brought in $2.44 billion (+0.08%). Some of the leaders are:
- Parx Casino — $377.7 million (+0.19%);
- Live! Casino Philadelphia — $152.1 million (+5%);
- Hollywood Casino York — $85.3 million (+6.4%).
Harrah’s Philadelphia saw the most significant decrease in gain to $105 million (-4.4%).
Table gaming saw a decline to $928.9 million (-3%). Valley Forge Casino Resort performed the best with a revenue uplift of 10.3%. Hollywood Casino Morgantown secured a similar result with a jump of 10.1%. Other brands had either not that significant figures or even substantial losses up to -22.2%.
VGT profits increased slightly to $41.4 million (+0.7%). They are currently installed at 75 points (a year ago, this number was 74). Fantasy contests experienced a 0.7% YoY decline to $19.1 million.
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