Pennsylvania posts $479.3m in revenue for May

Updated:2024-03-20 09:27    Views:142

The US state of Pennsylvania has posted its monthly revenue figures, showing a 7% increase for May 2023 – totalling $479.37m.

Furthermore, sports betting revenue for Pennsylvania also saw a rise, with $41.1m reported – representing a 17% increase on last year.

Statewide slot machine revenue saw an incremental increase of 3% annually, posting $210.9m against May 2022’s $205.6m.

Pennsylvania also posted its iGaming revenue, which totalled $140.9m – 24% up from 2022’s $113.3m.

However, table games suffered an 8% fall year-on-year, with May 2023 reporting $81.6m against 2022’s $88.5m.

Pennsylvania is one of the US’s largest gambling markets. Seeing its sports betting number continue to increase is no surprise, as the state is famous for its love of sports. However, the fall in retail table games comes as a surprise, especially with retail slots holding firm with an increase of 3%.

The state’s iGaming revenue,Online Casino Games for Real Money however, was the main driver behind the increase seen in Pennsylvania’s figures – with iGaming slot revenue alone up by 29%, totalling $100.5m.

On an individual basis, the Hollywood Casino Morgantown saw the biggest overall rise at 28%, coming in at $7.1m.

However, it is the Hollywood Casino at Penn National Race Course that recorded the most income, posting $74.3m in May 2023 – up 18% annually.

Concurrently, the largest percentage drop was recorded by the fantasy contests at 23%, showing just $1.2m in income.



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