According to the Pennsylvania Gambling Control Board’s (PGCB) latest monthly revenue report, gambling operators (casinos and sportsbooks) in Pennsylvania generated $432.5 million in taxable revenue in March.
The latest reports show an all-time high for the state in terms of gambling revenue, with a 14.8% percent increase over the same period in 2021 and a 15.1% percent increase over the previous month’s figures.
According to the research, the bulk of categories in the state’s gambling market saw year-over-year growth, with the iGaming sector in particular having a great month, with online casinos bringing in a total of $118.1 million in revenue. Online slots brought in $79.2 million, while online table games brought in $35.7 million and internet poker brought in $3.2 million.
With approximately $45.1 million in revenue, the Hollywood Casino at Penn National was the iGaming market leader. Rivers Casino Philadelphia came in second with $30.2 million in revenue, while Valley Forge Casino Resort came in third with $23.9 million.
Pennsylvania Legal Sports betting On the Up
Pennsylvania sports betting hit a low point in February, when the state announced that sportsbooks lost a total of $442,847. The sports betting business, on the other hand, rebounded in March, posting $30.4 million in revenue, up 3.6 percent from the same month in 2021.
Mobile sports betting income made up $25.4 million of the total, while retail revenue was slightly over $5 million. The study also shows that the state’s licensed sportsbooks took in nearly $715 million in wagers during the month, up 27.6% from the previous year.
Valley Forge and its sports betting partner FanDuel were once again the market leaders for the month. The two generated $15.4 million in income for the month, with Hollywood Casino at the Meadows and Barstool Sportsbook coming in second and third, respectively, with $4.4 million and $4.4 million in sales.
As a result, state taxes from sports betting in Pennsylvania land-based casinos and sportsbooks totaled $10.3 million in March.