Pennsylvania Gaming Revenue Tops $450M in October, iGaming Sets Monthly Record

Pennsylvania s gaming industry continues to expand in terms of monthly revenue. Gaming interests last month won more than $450 million from players, a nearly 6% year-over-year gain.

The Pennsylvania Gaming Control Board (PGCB) reports that October 2022 maintained the state . The state s 16 brick-and-mortar casinos, internet casinos, retail and online sportsbooks, truck stop video gaming terminals, and fantasy sports platforms generated gross gaming revenue (GGR) of $450.23 million. That s $24.3 million better than October 2021.

The best month on record for Pennsylvania s gaming industry came in March 2022, when the verticals combined to win more than $462.7 million.

October s gaming report from the PGCB is highlighted by the topline GGR number. But last month wasn t necessarily good for some of the state s brick-and-mortar casinos.

The 16 properties reported a 2% reduction in retail slot revenue and a more than 10% decline in table win. Slots won $199 million and tables kept $79.9 million. The approximately $278.9 million in land-based gaming revenue was $13.4 million below October 2021.

But the loss was more than offset online, where iGaming and oddsmakers fared extraordinarily well. Online slots won $86.3 million and interactive tables, plus online poker fees, won $38.1 million, for a combined iGaming haul of roughly $124.4 million. In October 2021, iGaming revenue totaled $102.9 million.

The $124.4 million won online is a record monthly amount for iGaming operators in Pennsylvania.

Last month, oddsmakers further helped increase Pennsylvania s overall gaming win. Sportsbooks reported taking $797.1 million in bets and kept $40.5 million of the wagers on a win rate of 5%.

Hollywood Casino at Penn National topped the list of 16 casinos in terms of total October 2022 revenue. Penn Entertainment s flagship property won $68.7 million from its land-based, sports betting, and iGaming business.

Valley Forge Casino Resort was next at $56.5 million, and Parx Casino was third at about $55 million.

The casino front-runners, mainly Hollywood and Valley Forge, benefited greatly from their online operations. About $52.7 million of the Hollywood performance and $23.4 million of the Valley Forge revenue came online. Parx, meanwhile, won just $4.7 million on the internet.

In related Pennsylvania gaming news, the PGCB this week renewed Valley Forge s gaming license for five years. State gaming regulators concluded that the casino owned by Valley Forge Convention Center Partners, LLC, remains suitable to hold a Category 3 Casino concession.

In reaching its decision, the Board received information from local government officials, community groups, and the Pennsylvania State Police, along with the Gaming Control Board s Office of Enforcement Counsel, Bureau of Investigations and Enforcement, Office of Compulsive and Problem Gaming, and Bureau of Casino Compliance, the PGCB said in a statement.

The PGCB also this week unveiled a PSA campaign about the while gambling. The PGCB says there have been far too many instances of gamblers being cited and arrested for leaving their children in a vehicle while they gambled inside.