Pennsylvania’s Gaming Industry Made Over $476 Million in April 2023

05/18/2023
News
Casino News

Highlights

  • Pennsylvania’s gaming industry made over $476 million in April 2023
  • Total tax revenue for April 2023 topped $195 million
  • iGaming revenue made $137 million for the month, a 21.3 % increase over last year

Pennsylvania's gaming industry, including online gambling, collectively yielded a total revenue of $476,733,131 last month, indicating a 3.27% rise compared to the corresponding period of the previous year.

However, this figure represented a decrease from the $500 million plus generated in March, as announced by the Pennsylvania Gaming Control Board. The PGCB regulates various sources of gaming revenue, which include slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs).

According to the PGCB, revenue from retail table games in April 2023 experienced a year-over-year decline. The revenue amounted to $84,373,687, which marked a decrease of 7.78% compared to April 2022, when the revenue reached $91,493,293.

Hollywood Casino at Penn National Racecourse achieved a total gaming revenue of $74,438,892 in the previous month, exhibiting a substantial increase of 13.51% from April 2022.

Hollywood Casino York recorded gaming revenue amounting to $8,691,414, denoting a 7.26% rise from the same period last year.

Parx Shippensburg, which commenced operations this year, generated $2,770,228 in gaming revenue during April, according to the PGCB.

The cumulative tax revenue generated from all forms of gaming and fantasy contests in Pennsylvania last month amounted to $195,655,736.

Pennsylvania Sports Betting Handle Crosses $570 Million in April

The total amount of sports bets placed in April 2023 reached $572,152,803, which was slightly lower by 0.12% compared to April 2022's total of $572,817,741, as reported by the PGCB.

Simultaneously, the PA sports betting taxable revenue for April 2023 amounted to $37,036,123, marking a 10.01% increase in comparison to April 2022's taxable revenue of $33,667,057.

During April, Penn National recorded a total revenue of $996,196 from sports wagering, reflecting a significant decline of 67.06% from the previous year's April revenue of $3,024,633.

Hollywood Casino York experienced a total sports wagering revenue of $112,386 last month, showcasing a decline of 64.80% compared to April of the prior year.

iGaming Sector Reports Biggest Year-to-Year Increase

According to the PGCB, online casino games, such as online blackjack PA and online slots PA, produced a gross revenue of $137,214,750 in April, marking a significant increase of 21.31% compared to April 2022, which saw $113,109,393 in revenue.

Among the Central Pennsylvania casinos, Hollywood Casino at Penn National stands as the sole establishment currently offering PA online casinos. In April, this casino achieved a revenue of $58,488,056, reflecting a substantial growth of 29.3% compared to April 2022.

The PGCB reported that the tax revenue generated from internet gaming play during April 2023 amounted to $58,277,083.

Derek Blake is a freelance writer that has covered the expansion of legal sports betting in America and the regional casino business for several well-known industry websites. During his writing career, he has written profiles on dozens of athletes and focused on the collision of sports and politics.