Pennsylvania Gaming Revenue Increased 18% Over Last January

Pennsylvania’s gambling market continues to flourish as the figures from January 2023 increased 18 percent over the first month of 2022. After bringing in over $5.2 billion in 2022, the state’s gaming outlets got off to another good start to topping that total in 2023.

By bringing in a whopping $464.48 million, the state’s casinos also generated $188.32 million in taxable income for the state of Pennsylvania.

Although PA online casinos broke nine figures in total revenue, the top casinos in the Keystone State continued to dominate when it came to bringing in customers.

The Hollywood Casino at Penn National continues to lead the state’s casinos in total revenue making $71.83 million in the first month of 2023. The revenue figure is a 25% increase over the Hollywood’s January 2022 total revenue.

Coming in second was the Valley Forge Casino Resort with $67.87 million, an increase of 33 percent over the first month of last year. The Parx Casino jumped 7% over last year’s January with $55.5 million in revenue, placing them third in Pennsylvania gaming market.

For the month of January, retail slots continued to dominate all other games taking in $202.3 million in total revenue. The revenue represented a 20% increase over last year’s January total in retail slots.

Total iGaming revenue contributed $133.1 million, an increase of 22.9 percent over January 2022. PA online slots brought in $90.2 million last month, a jump of 25.6 percent over last January’s total revenue figures.

Retail table games, including blackjack and roulette, brought in $83.9 million in total revenue.

When it comes to sports betting, total betting handle for January 2023 actually dropped from $793.7 million in January 2022 to $772.3 million last month. Despite the drop in total revenue, the Pennsylvania sportsbooks actually witnessed their taxable revenue rise 22 percent to $39.3 million over last year’s January.

The state’s casinos expect an even larger February considering the excitement around the Philadelphia Eagles’ trip to the Super Bowl. The PA online sports betting market made over $30 million in winnings due to the Eagles’ loss to the Kansas City Chiefs in Super Bowl 57.