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Total revenue generated from all forms of gaming in Pennsylvania during February was $499.1 million, according to data released by the Pennsylvania Gaming Control Board (PGCB). The February revenue figure represents a 9.25% year-over-year increase.
The statewide revenue figures include all forms of gaming, with iGaming slot and table game revenue showing substantial growth:
- Retail Slots Revenue: $202.7 million (0.04% yearly decrease)
- iGaming Slot Revenue: $125.9 million (35.6% yearly up)
- Retail Tables Revenue: $76.6 million (2.9% annual increase)
- iGaming Tables Revenue: $56.6 million (56.7% yearly rise)
- Sports Wagering Revenue: $30.3 million (30.0% annual decrease)
- Video Gaming Terminals (VGT) Revenue: $3.2 million (2.4% drop)
- iGaming Poker Revenue: $2.4 million (8.3% yearly decrease)
- Fantasy Contests Revenue: $1.3 million (5.17% yearly down)
Compared to January 2024’s total gaming revenue, the February 2024 activity shows a 4.6% increase.
Breaking down PA online casino figures in February
PA online casino sites generated $184.9 million in February 2024, representing a 40.5% year-over-year increase and a 23.7% monthly rise. For comparison, PA’s January 2024 online casino win was up about 15.4% compared to January 2023.
As mentioned, Pennsylvania’s February 2024 revenue from online slots and internet table games increased 35.6% and 56.7%, respectively, while online poker revenue dropped 8.3% year-over-year.
According to the PGCB’s February 2024 report, Penn Entertainment (NASDAQ: PENN) was February’s top performer. After reporting weaker results in January, the PA operator is back on track, generating $77.3 million in iGaming revenue in February, a 36.8% annual increase.
Valley Forge Casino Resort came in second with $44.8 million, an increase of 63.0%. Rivers Casino Philadelphia was third with $29.3 million in iGaming revenue, which is 11.4% progress from the same time last year.
PA sports betting totals decline from January
In February, the PGCB reported $661.7 million in total sports betting handle (total amount of bets). The number is a 10.4% annual increase from $599.5 million reported in February 2023 but a 22.9% decline from January.
On the bright side, February 2024 marks the sixth month in a row of PA operators reporting annual increases.
Meanwhile, PA online sports betting revenue for February reached $28.2 million of the total adjusted gross revenue of $30.3 million, which showed a 30.0% annual and 56.7% monthly drop. Online revenue also demonstrates a monthly drop (-57.3%).
Looking at individual PA sportsbooks, Valley Forge Casino (FanDuel) stood out, winning $17.6 million. Hollywood Casino at the Meadows (DraftKings) was a runner-up, reporting $7.7 million, followed by Hollywood Casino at Penn National (Barstool) with $1.2 million.
While the Super Bowl was the only NFL game scheduled in February, March could produce higher numbers due to the NCAA Tournament.
