Key points:
- Pennsylvania's total gaming revenue for November 2024 increased by 26.06% year-on-year to $562.4m
- iGaming revenue reached $200.5m, up 26.88%, while sports wagering revenue surged 498% to $77.1m
- Retail table games experienced a 2.45% decline, highlighting contrasting trends between digital and traditional gaming formats
Pennsylvania’s gaming sector recorded a historic performance in November 2024, with total revenue reaching $562.4m, reflecting a 26.06% year-on-year increase.
The Pennsylvania Gaming Control Board (PGCB) attributed this growth to robust performances in iGaming and sports wagering, which set new monthly records for the state.
iGaming revenue grew by 26.88% to $200.5m, driven by strong contributions from online slots, table games and poker.
Online slots alone generated $148.7m, marking a 36% increase compared to the same period last year.
Sports wagering revenue also demonstrated growth, soaring 498% to $77.1m. Although the total sports betting handle showed only a slight increase of 0.15% to $935.5m, improved win margins drove substantial revenue gains for operators.
In retail gaming, slot machine revenue rose 6.21% to $201.5m, maintaining its position as the largest contributor to total gaming revenue. However, retail table games reported a 2.45% decline, generating $77.6m.
While several operators reported significant revenue growth, Valley Forge Casino Resort led the charge with a 69.17% increase, bringing its total monthly revenue to $102.5m.
Hollywood Casino at the Meadows also experienced notable growth, with a 76.75% rise. Other key performers included Hollywood Casino Morgantown, which posted an 84.9% increase and Golden Nugget, which saw its revenue more than double with a 123% rise.
However, not all segments experienced growth. Revenue from video gaming terminals (VGTs) declined by 4.39%, while fantasy contests registered a 4.18% decrease.
The PGCB also reported enforcement actions during the month, issuing $70,000 in fines for regulatory violations involving video gaming terminals. Additionally, 17 individuals were added to the state’s exclusion list for leaving minors unattended in vehicles while engaging in gambling activities.
This performance follows Pennsylvania’s strong October results, where total gaming revenue increased by 2.81%, driven by a 22.1% rise in iGaming revenue.
