Pennsylvania Closes Summer With Profitable iGaming Month
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Pennsylvania put a close on the summer with a profitable month of iGaming and sports betting.
The Pennsylvania Gaming Control Board reported the Keystone State generated $510.16 million in gaming revenue, an increase of 11.6% compared with PA online casino revenue totals from August 2023.
Total tax revenue for gaming in the month was more than $215.04 million.
Slots Lead Way Yet Again in Pennsylvania
Pennsylvania iGaming totaled $183,738,032 of revenue during August 2024 compared with $144,980,774 in August 2023, an increase of 26.73%. Internet slot games again led the way in the state, totaling $138.3 million in revenue. Table games chipped in $43.18 million while poker contributed just $2.2 million for the month.
Pennsylvania has three separate iGaming tax rates for each of its three games. Slot games are taxed at 54% of revenue totals, table games at 16%, and online poker also at 16%. For the month, Pennsylvania iGaming tax revenues totaled $81,953,405.
Here are the August iGaming revenue totals for each casino in the state:
- Hollywood Casino at Penn National Race Course: $72,124,429
- Valley Forge Casino Resort: $45,938,475
- Rivers Casino Philadelphia: $30,871,639
- Harrah’s Philadelphia: $8,939,599
- Golden Nugget: $5,228,014
- Live! Casino Philadelphia: $4,267,608
- Parx Casino: $4,222,509
- Mount Airy Casino Resort: $3,972,823
- Bally’s Pennsylvania: $3,637,446
- Mohegan Pennsylvania: $1,769,443
- Wind Creek Bethlehem: $1,710,430
- Presque Isle Downs and Casino: $1,055,617
Total tax revenue for all forms of gaming in the state for August was $215,048,192.
Sports Betting Reports Strong August
Pennsylvania sports bettors flocked to their apps in August, closing a “slow” portion of the sports betting year as the state moves into the lucrative football season.
Handle for the month was $485,289,137, a 23.48% increase over the August 2023 total of $393,007,298. Sports betting revenue for the month totaled slightly over $30 million, a 36.21% increase from the August 2023 revenue total of $22.02 million.
Here are the operator totals for the month:
- Valley Forge Casino (FanDuel): $176,451,506 handle, $13,342,197 total sports betting revenue.
- Hollywood Casino at the Meadows (DraftKings): $124,432,285 handle, $7,773,459 total sports betting revenue.
- Rivers – Pittsburgh (BetRivers): $21,381,776 handle, $1,904,476 total sports betting revenue.
- Hollywood Casino Morgantown: $34,838,408 handle, $1,801,107 total sports betting revenue.
- Hollywood Casino at Penn National (ESPN BET): $21,744,154 handle, $1,406,622 total sports betting revenue.
- Parx Casino (betPARX): $16,908,197 handle, $1,211,954 total sports betting revenue.
- Rivers – Philadelphia (BetRivers): $10,623,139 handle, $1,208,584 total sports betting revenue.
- Hollywood Casino York: $22,574,525 handle, $585,463 total sports betting revenue.
- Live! Casino Philadelphia: $3,397,865, $512,375 total sports betting revenue.
- Live! Casino Pittsburgh: $1,151,760 handle, $224,145 total sports betting revenue.
- Harrah’s (Caesars Sportsbook): $19,479,839 handle, $151,949 total sports betting revenue.
- Mohegan Pennsylvania: $714,682 handle, $106,263 total sports betting revenue.
- Mount Airy: $396,395 handle, $92,589 total sports betting revenue.
- South Philly Race and Sportsbook: $679,710 handle, $50,490 total sports betting revenue.
- Wind Creek (Betfred): $869,755 handle, $44,798 total sports betting revenue.
- Parx Shippensburg: $51,916 handle, $30,725 total sports betting revenue.
- Mohegan Lehigh Valley: $966,350 handle, $25,483 total sports betting revenue.
- Presque Isle Downs and Casino (bet365): $28,626,876 handle, -$470,106 total sports betting revenue.
Robert Linnehan
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
