The igaming industry in Pennsylvania is alive and well. The state posted another revenue record in 2022.
Key takeaways:
- Igaming combined revenue rose by 22.6%
- Hollywood casino at Penn National is the best performer; revenue is up by 33,99% from last year
- Retail slots are still the game of choice in landbased casinos
2022 was another record year for gambling in Pennsylvania. Combined revenue for the year from casino games, video gaming terminals, and fantasy contests hit an impressive $5.21 billion. Last year, the keystone state managed $4.73 billion, meaning revenue increased by over 10%.
Igaming revenue up 22.6%
The PA online casinos vertical has generally seen an expansion since its introduction in 2019. In 2022, the sector attracted over $1.3 billion in revenue, a 22.6% increase from last year.
Hollywood Casino at Penn National, Rivers Casino Philadelphia, and Valley Forge Casino Resort are top performers in this category; these operators experienced an uptick in revenue of 34%, 9%, and 34%, respectively.
Other gaming revenue figures
On the land-based casino scene, retail slots maintained a poll position bringing in more than $2.3 billion in revenue. However, this figure is 4.5% lower than the $2.28 billion realized the previous year.
Retail table games also shed 7.09% year-on-year to record monthly revenue of $924.9 million. Fantasy contests were also down 23.9%.
However, it was not all doom and gloom. There was still sustained interest in video gaming terminals. Players spent a total of $42.07 million, up by 5.99% from the $38.85 million realized the previous year.
Igaming had a massive contribution to the overall success of the gambling industry in Pennsylvania this year. The record-breaking figures seen in December set the stage for an exciting gambling year ahead.
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