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The Pennsylvania Gaming Control Board (PGCB) released its latest revenue report, revealing Pennsylvania online casinos had another successful month.
According to the PGCB, online casinos in the state produced $212.2 million in gross earnings in April. Despite showing a solid month and surpassing the $200 million mark, the figure is still 9.0% behind Pennsylvania’s gaming revenue record in March of $233 million.
April marks the third straight month of earnings going above $200 million, and here’s how it compares to other months:
- January 2024 online gambling revenue: $189,302,559
- February 2024 online gambling revenue: $215,288,753
- March 2024 online gambling revenue: $233,087,603
- April 2024 online gambling revenue: $212,212,613
The April 2024 revenue figure also represents a 26.9% annual increase.
All online gaming decreased monthly but most revenue came from online slots
Most of the revenue that Pennsylvania operators generated came from online slots. According to the PGCB’s April 2024 revenue report, online slots made 77.7% of all the April revenue:
- Online slots revenue: $164,800,886
- Table games revenue: $45,006,006
- Online poker revenue: $2,405,721
Each activity decreased from March 2024, as follows:
- Online slot revenue is a 7.2% monthly decrease
- Table game revenue is a 15.2% monthly drop
- Online poker revenue is a 2.8% monthly decline
Compared to April last year, revenue from online slots and table games increased 31.1% and 15.7%, respectively, while online poker revenue dropped 11.2%.
Hollywood Penn National remains top earner among PA casinos in April
Since the PGCB’s reports don’t reveal revenue by operator, the total earnings are only ranked by licensees, and these are the top-performing ones in April:
- Hollywood Penn National: $75.9 million
- Valley Forge: $59.8 million
- Rivers Philadelphia: $37.7 million
- Harrah’s Philadelphia: $10.5 million
- Parx: $6.1 million
Eleven PA operators combined to pay $72.2 million to the state coffers in April, a 7.8% drop from March.
Pennsylvania’s April gaming revenue is still very high
After hitting $233.1 million in revenue in March, April’s $212.2 million doesn’t look so impressive.
Although Pennsylvania’s iGaming market seems to be slowing down, April numbers are still quite high, putting the Keystone State ahead of other US online casino states. Our US iGaming revenue page shows how PA revenue compares with other legal online casino states.
Online gambling activities usually decline in late spring and summer but then hit higher numbers in the fall and early winter. It will be exciting to watch how far iGaming will decline in Pennsylvania until it starts to climb again.
According to Corey Sharp of PlayPennsylvania, online casinos in the Keystone State are on the way to producing $2.55 billion in 2024. Generating almost $850 million in the first four months of the year, PA online casinos are expected to clear the $1 billion threshold in iGaming revenue in May.
