Clicky

Pennsylvania Shatters Records with $5.7 Billion in 2023 Gambling Revenue - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
revneue
Published on
Update on

The Pennsylvania Gaming Control Board announced a record-breaking $5.7 billion in revenue for the state of Pennsylvania in 2023, marking an important milestone for the gaming sector in the Keystone State. The astounding figure represents a substantial increase of 9.3 percent from the prior year and is complemented by a record-breaking tax income of 2.34 billion, which surpasses the previous record set in 2022 by a mile.

The Key Drivers

iGaming established itself as a dominant force, with revenue skyrocketing to $1.74 billion, a significant 27.7 percent rise from the previous high set in 2022. The Pennsylvania Gaming Control Board did provide information on specific operators, but they did not have a thorough breakdown by game type.

Among the three casinos, Valley Forge Casino Resort brought in $392.7 million, Rivers Casino Philadelphia brought in $340.3 million, and Hollywood Casino at Penn National brought in $712.4 million. The value of the iGaming industry in Pennsylvania may top $2.00 billion in 2024, given the exponential growth that it has had since having been regulated in 2019.

Slot machines continued to be the main source of income, adding $2.46 billion to the total. Rivers Casino in Pittsburgh emerged as a leader, with slot machines generating over $267 million, while table games contributed over $87 million, and sports wagering added $16 million to the mix. Hollywood Casino at the Meadows boasted a combined revenue of $316 million from slot machines, table games, and sports wagering, while Live! Casino Pittsburgh secured $116 million in the same categories.

Sports betting income reached a record high of $458.6 million, up 14.3% from the previous record set in 2022. Impressively, the handle increased 6.0% from $7.25 billion in 2022 to $7.68 billion. Both FanDuel and Valley Forge Casino Resort continued to retain their dominant positions in this industry, bringing in a total of $233.6 million in revenue.

More Expansion in 2024

Pennsylvania’s gaming industry continues to evolve and thrive, showcasing robust growth across various sectors, and the state is positioned for further success in the years ahead. And more companies are working towards capitalizing on the market.

Recent news suggests that Fanatics will be welcoming Pennsylvanians to its online casino next week. Expansion in Pennsylvania is part of its ongoing strategy to enhance its online casino offerings. Already the company has alerted users who had PointsBet accounts that their accounts will be transferred to Fanatics sportsbook and casino.

Latest Headlines

Philadelphia Casino Fined $100K As PCGB Doubles Down on Compliance Enforcement

Stadium Casino RE, LLC, operator of Live! Casino and Hotel Philadelphia, was recently slapped with a $100,000 fine for collecting proxy sports wagers, a blatant violation of the Pennsylvania Gaming Act. The violation involved more than $287,000 in phone wagers on sports over a period of eight days at the casino. This kind of wagering […]

Bragg Gaming Group Expands Market Reach with BetMGM Content Launch in Pennsylvania

Bragg Gaming Group Inc. (BRAG) is making headlines again, this time by extending its successful partnership with BetMGM into the Pennsylvania market. This move further solidifies Bragg’s position as a key player in the iGaming sector and represents a clever way to strengthen the company’s presence in North America. Leveraging the cutting-edge FuzeTM promotional features, […]

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]

Mohegan Digital Debuts New iGaming Option in Pennsylvania

Mohegan Digital, a pioneering force in the gambling industry, has recently unveiled its newest offering, an immersive online casino experience developed exclusively for the state of Pennsylvania. This marks yet another great development for the state’s lucrative iGaming sector. The launch is a triumph of ingenuity and complexity, and it was created under the capable […]

Similar Stories in Gambling

Philadelphia Casino Fined $100K As PCGB Doubles Down on Compliance Enforcement

Stadium Casino RE, LLC, operator of Live! Casino and Hotel Philadelphia, was recently slapped with a $100,000 fine for collecting proxy sports wagers, a blatant violation of the Pennsylvania Gaming Act. The violation involved more than $287,000 in phone wagers on sports over a period of eight days at the casino. This kind of wagering […]

Bragg Gaming Group Expands Market Reach with BetMGM Content Launch in Pennsylvania

Bragg Gaming Group Inc. (BRAG) is making headlines again, this time by extending its successful partnership with BetMGM into the Pennsylvania market. This move further solidifies Bragg’s position as a key player in the iGaming sector and represents a clever way to strengthen the company’s presence in North America. Leveraging the cutting-edge FuzeTM promotional features, […]

Pennsylvania Welcomes 4ThePlayer As Its Latest iGaming Provider

Fast-rising iGaming provider 4ThePlayer has recently received formal approval from the Pennsylvania Gaming Control Board (PGCB) to join the state’s rapidly expanding online casino sector. This important milestone enables 4ThePlayer to provide its captivating and inventive games to gamblers in Pennsylvania, contributing to its further expansion inside the US. Along with Connecticut, Michigan, and New […]

Pennsylvania State Gaming Board Targets Child Safety in Casinos with New Campaign

A new crackdown on child neglect and underage gambling has been unveiled by the Pennsylvania Gaming Control Board (PGCB), with an emphasis on making sure all gaming venues in the state are safe and following all regulations. To support these enforcement efforts, the PGCB has launched the “Don’t Gamble with Kids” public awareness campaign. Needless […]