Pennsylvania Gaming Control Board data shows that the state's total gaming revenue reached $535.8 million in September 2024, a 5.9% increase year-over-year, but an 8% decrease from August. iGaming revenue hit a record $233.4 million, up 32.1% year-over-year, with online slots revenue at $181.9 million, up 37.1%, and table games revenue at $50 million, up 17.8%. Sports betting revenue dropped to a six-month low of $29.7 million, down 44.5% year-over-year. Land-based slot revenue decreased by 1.5% to $194 million, while table games revenue remained stable at $73.4 million. Hollywood Casino led with $87.7 million in iGaming revenue, and the state collected $227.9 million in gaming taxes for the month.
Overall Revenue Overview and Trends
Pennsylvania's total gaming revenue reached $535.8 million in September, up 5.9% from the same period in 2023, but down 8% from $582.3 million in August this year. This data indicates that the state's gaming market continues to grow, albeit with monthly fluctuations.
The year-over-year growth was primarily due to the strong performance of the iGaming segment, offsetting declines in sports betting and some land-based operations.
iGaming Performance and Detailed Data
iGaming revenue reached $233.4 million, up 32.1% year-over-year, nearing historical highs. Online slots revenue was $181.9 million, up 37.1%; internet table games revenue was $50 million, up 17.8%; online poker revenue was $2.3 million, up 4.5%.
iGaming has achieved double-digit growth for several consecutive months, becoming the main driver of overall revenue growth.
Operator Rankings and Market Share
Hollywood Casino and its online partners led with $87.7 million in iGaming revenue, up about 31% year-over-year. Valley Forge Casino Resort maintained second place with $66.4 million in revenue, up 40.8%. Rivers Casino Philadelphia ranked third with $35.4 million in revenue, up 12.5%.
The top three operators collectively hold a significant share of the iGaming market, showing a clear head effect.
Sports Betting Decline and Analysis
Sports betting revenue fell to $29.7 million, down 44.5% year-over-year, marking the lowest monthly revenue since March. Online sports betting revenue was $24.4 million, and retail sports betting revenue was $5.4 million. Total player betting volume was $850.5 million, up 4.8%.
FanDuel and Valley Forge Casino led with $15.9 million in revenue, followed by DraftKings and Meadows Hollywood Casino with $4.1 million.
Land-Based Gaming Market Performance
Land-based slot revenue fell 1.5% to $194 million, while table games revenue remained stable at $73.4 million. Truck stop video gaming terminal revenue decreased by 0.6% to $29.7 million. Sports fantasy contests revenue grew by 5.4% to $2 million.
The overall performance of the land-based market was stable, with slight declines in some areas.
Tax Contributions and Allocation
The state government collected $227.9 million in gaming taxes in September, including $106.1 million from iGaming, $10.7 million from sports betting, $96.6 million from land-based slots, and $12.3 million from table games.
The tax revenue reflects the actual contribution of each segment to state finances.
Market Dynamics and Consumer Behavior
The continued growth of iGaming reflects the trend of consumers shifting to online platforms. The decline in sports betting revenue may be related to seasonal breaks and changes in betting patterns. The stability of the land-based market indicates that traditional forms of gaming still have appeal.
The performance differences between segments show market diversification and consumer preference differentiation.
Regional Impact and Economic Effects
Gaming revenue growth has a positive impact on Pennsylvania's economy, providing job opportunities and tax revenue. The rapid development of iGaming, in particular, drives demand for technology positions and digital services.
The industry's comprehensive contribution to the state economy goes beyond direct revenue, including the pull effect on related industries.
Future Outlook and Expectations
Based on current trends, iGaming is expected to continue its growth momentum. Sports betting may recover growth with the season's progress. The land-based market needs innovative experiences to attract customers and maintain market share.
Regulatory Environment and Compliance Requirements
The Pennsylvania Gaming Control Board continues to monitor market operations, ensuring compliance and consumer protection. The stability of tax policies provides operators with a predictable business environment.
Balancing revenue growth with responsible gaming remains a regulatory focus.
