Pennsylvania's sports betting and online gambling monthly revenue hit a historic high, driving the state's total gaming revenue in November to $562.4 million (£447.4 million/€543.4 million), a new record.
Pennsylvania's total revenue in November increased by 26.5% compared to the same period last year, and by 13.3% compared to October's $496.6 million. According to data from the Pennsylvania Gaming Control Board (PGCB), this is 1.4% higher than the previous record of $554.6 million set in March.
In addition to the total market revenue, the PGCB data highlights figures related to sports betting.
Total revenue reached a record $77.1 million, up 498.4% from last year—In November 2023, the operators' hold percentage hit a historic low of 1.38%. The highest revenue was $72.5 million in December last year, and November 2024's total revenue was 6.3% higher. Of this, $71.7 million came from online gambling, and $5.4 million from retail sports betting.
Pennsylvania's total betting also reached a new high of $935.5 million. Coincidentally, the previous record of $934.1 million was set in November 2023, and this year's record is 0.2% higher.
Players spent $886.5 million on online sports betting and $49 million at retail betting facilities across the state.
This resulted in a statewide hold rate of 7.75% in November.
FanDuel remains the leader in Pennsylvania
Speaking of operators, FanDuel and its partner Valley Forge Casino Resort continue to lead the market by a significant margin. In November, $373.6 million in bets brought in $36.8 million in total revenue, maintaining a 9.85% share.
DraftKings, in partnership with Hollywood Casino at the Meadows, remains in second place. This partnership brought in $246.2 million in bets, with total revenue of $21.5 million, representing 8.73%.
BetMGM and Hollywood Casino Morgantown ranked third, with betting amounts of $4.5 million (total bets of $65.9 million), holding a rate of 6.83%. ESPN Bet and Hollywood Casino at Penn National followed closely, with betting amounts of $2.9 million (total bets of $43.8 million), holding a rate of 6.62%.
BetRivers and Rivers Casino Philadelphia followed closely, with revenues of $2.8 million ($35.1 million) and 7.98%, respectively. Parx Casino and Kambi also exceeded $2 million in revenue, with revenues of $2.1 million ($21.1 million) and 9.95%, respectively.
Igaming revenue hits a new high of $200.5 million
Pennsylvania's sports betting business reached a historic high, and sports betting revenue also reached a historic high. In November, the sector's total revenue exceeded $200.5 million, up 26.9%, 4.9% higher than the record of $191.1 million set in March.
Online slots accounted for $148.7 million of the total online gambling revenue, up 36.0% year-over-year. Internet table games revenue also grew by 6.7%, reaching $49.6 million, but online poker revenue declined by 0.1%, reaching $2.3 million.
Hollywood Casino at Penn National maintained its leading position in this field, with gaming revenue reaching $74.4 million. This includes online slots revenue of $53.3 million, table games revenue of $20.6 million, and poker game revenue of $517,464.
Valley Forge Casino remains the closest challenger, with revenue of $54.1 million in November. Rivers Casino Philadelphia ranked third with igaming revenue of $34.7 million.
Land-based slot revenue reaches $201.5 million
While Pennsylvania's online gambling industry continues to grow, online slots still need to catch up to traditional land-based slots. In November, land-based slot revenue reached $201.5 million, up 6.2% year-over-year.
However, retail table games revenue fell 2.5% to $77.6 million. Video gaming terminal (VLT) revenue fell 4.4% to $3.2 million, and fantasy sports revenue fell 4.2% to $2.5 million.
As for taxes, the state collected $232.8 million from all gambling activities in November. Of this, $101.5 million came from land-based slots, and $12.9 million from land-based table games.
