Pennsylvania’s gambling industry saw impressive growth in August 2024, with total revenue hitting $525.5 million. This marks a 14.9% increase from the same time last year and a 4.9% rise from July. The state’s booming iGaming sector played a key role in driving these numbers, further cementing Pennsylvania’s place as a top market for online gaming.
iGaming Leads the Charge
Pennsylvania’s iGaming revenue surged to $183.7 million in August, a 29% jump compared to last year and the second-highest monthly figure on record, just shy of March 2024’s $191.1 million. Online slots dominated the scene, contributing $138.3 million, while table games brought in $43.2 million, and online poker added $2.2 million.
Hollywood Casino at Penn National Race Course maintained its position as the leading iGaming operator, raking in $72.1 million. Following closely were Valley Forge Casino Resort with $46.0 million and Rivers Casino Philadelphia with $30.8 million. These casinos are at the forefront of Pennsylvania’s growing digital gaming landscape, offering a variety of online slots, table games, and poker to cater to an expanding audience.
Sports Betting: A Strong but Mixed Performance
Gross sports betting revenue for the month reached $45.4 million, a significant 48.4% rise year-on-year, though it saw a dip of 13.9% from July. After accounting for promotional credits, taxable sports betting revenue stood at $30.0 million.
Online sports betting led the charge, generating $25.5 million, with retail outlets contributing $4.5 million. The total betting handle for August climbed to $485.3 million, a 23.5% increase from last year, highlighting the continued popularity of sports wagering in the state.
FanDuel, partnered with Valley Forge Casino Resort, remained the top operator, generating $13.3 million in revenue from $176.5 million in bets. DraftKings, partnered with Hollywood Casino at the Meadows, followed closely with $7.8 million in revenue from a $124.4 million handle.
Land-Based Gambling Still Dominates
Despite the rapid growth of iGaming and sports betting, land-based slot machines remained the top source of gambling revenue in Pennsylvania. Slots generated $211.1 million in August, up 3.9% from the previous year. However, physical table games took a slight hit, seeing a 2.1% decline in revenue with $81.0 million.
Additional Sectors: Modest Gains and Losses
Other gambling sectors also saw movement in August. Video gaming terminals experienced a 5.7% revenue increase, bringing in $3.7 million. However, the fantasy sports segment saw an 18.3% drop, earning just $647,522. Here’s a breakdown:
| Type of Gaming Revenue | August 2024 | August 2023 | % Change |
| Retail Slots Revenue | $211,149,401 | $203,192,328 | 3.92% |
| iGaming Slot Revenue | $138,331,723 | $105,270,893 | 31.41% |
| Retail Tables Revenue | $80,959,807 | $82,676,497 | -2.08% |
| iGaming Tables Revenue | $43,182,431 | $37,269,167 | 15.87% |
| Sports Wagering Revenue | $30,002,574 | $22,026,307 | 36.21% |
| Video Gaming Terminals Revenue | $3,672,053 | $3,484,985 | 5.37% |
| iGaming Poker Revenue | $2,223,878 | $2,440,714 | -8.88% |
| Fantasy Contests Revenue | $647,522 | $792,206 | -18.26% |
| Total Gaming Revenue | $510,169,390 | $457,153,095 | 11.60% |
