Pennsylvania Sets New Monthly Gaming Revenue Record of $562M in November

Pennsylvania Sets New Monthly Gaming Revenue Record of $562M in November

By Michael Davidson

December 18, 2024 at 05:26 PM

Pennsylvania gaming revenue hit an all-time high of $562.36 million in November 2024, marking a 26% increase from the previous year. This record-breaking performance was primarily driven by unprecedented online gaming activity and favorable sports betting outcomes.

Valley Forge Casino sign

Valley Forge Casino sign

iGaming reached a historic milestone, exceeding $200.4 million for the first time, with online slots generating $148.6 million (up 36%) and interactive table games bringing in $49.5 million (up 7%). Online poker contributed an additional $2.2 million.

Sportsbooks also achieved record monthly revenue of $77.1 million, significantly outperforming November 2023's figures by $64.2 million. This success was attributed to several unexpected game outcomes in both NFL and college football.

Traditional casino operations showed modest growth, with retail slot revenue increasing 6% to $201.5 million, while retail table revenue decreased slightly by 2.5% to $77.5 million.

Valley Forge Casino Resort emerged as the top performer among Pennsylvania's 17 casinos, generating total revenue of $102.5 million. The majority came from online operations, with $54.1 million from online casino gaming and $36.8 million from sports betting through its FanDuel partnership.

Hollywood Casino at Penn National Race Course secured the second position with $90.4 million in total revenue, largely driven by its online platforms ESPN Bet and Hollywood Casino apps, which contributed $74.4 million.

These results reflect Pennsylvania's growing dominance in the U.S. gaming market, particularly in the online sector, as the state continues to expand its digital gaming footprint while maintaining its traditional casino operations.

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