Pennsylvania Hits Record $6.1 Billion in Gaming Revenue for FY2024

The state’s yearly gaming revenue has surpassed $6 billion for the first time, according to the Pennsylvania Gaming Control Board’s (PGCB) historic FY2024 numbers. Due to expansion in a number of gaming-related industries, the sum of $6.1 billion represents a 7.7% rise over the prior year.

With a staggering 25.3% year-over-year gain and $2.2 billion in revenue, iGaming was the largest growth driver. A notable month that broke the previous monthly record for iGaming revenue was December 2024.

Sports wagering also broke new annual records, despite a 69.8% revenue drop in December. For FY2024, sports betting revenue rose by 11.4% to $510.7 million. Retail slot machines remained the largest contributor, bringing in nearly $2.5 billion, though this was a slight 0.7% decline from the prior year.

Mixed Results Across Gaming Sectors

Table games generated $937.5 million, down 3.5% year-over-year, while video gaming terminals (VGTs) saw a modest 0.7% rise, contributing $41.5 million. Fantasy sports contests continued to decline, with revenue falling 7.1% to $18.7 million.

DraftKings and FanDuel, leaders in fantasy sports, reported revenue drops of 6% and 26.3%, respectively. Despite challenges in specific sectors, Pennsylvania’s overall gaming market showed resilience.

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Parx Casino maintained its top spot for slot machine revenue, earning $375.2 million, though this represented a 2.9% decrease. Wind Creek Bethlehem brought in $286.7 million, a 0.6% rise. Live! Casino Philadelphia recorded the largest growth among top earners, with an 11.3% increase to $152.4 million.

Hollywood Casino at Penn National led iGaming revenue, generating $820.7 million, up 15.2% year-over-year. Valley Forge Casino Resort achieved a 46.1% jump, bringing in $573.5 million.

While most properties experienced growth in iGaming, Parx Casino, Mount Airy Casino Resort, Wind Creek Bethlehem, and Mohegan Pennsylvania reported declines ranging from 2.4% to 23.1%.

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