Pennsylvania igaming growth drives revenue to $521.0m in May

Total revenue in May was comfortably higher than $479.4m in the same month last year. It also surpassed the $504.6m reported in Pennsylvania in April this year by 3.3%.

While the igaming segment saw the most growth, land-based slots remain the main source of gambling revenue in Pennsylvania. For May, revenue from physical slots hit $214.1m, a rise of 1.6%.

Elsewhere in the land-based sector, table games revenue edged up 2.5% to $83.7m. 

Igaming steals the show in Pennsylvania

Looking to igaming, two of the three core areas of this segment posted double-digit revenue growth in May. Revenue for the entire igaming market was 23.5% higher at $174.1m.

Online slots saw the most growth, with revenue jumping 26.2% to $126.9m, while table games revenue hiked 18.6% to $44.9m. However, there was a 9.1% drop in internet poker revenue to $2.3m.

Hollywood Casino at Penn National Race Course once again claimed top spot in this market. For May, the operator posted $65.1m in total igaming revenue.

Valley Forge Casino Resort was second with $44.4m in igaming revenue, then Rivers Casino Philadelphia on $31.3m. It was also noted that all operators in the Pennsylvania igaming sector reported growth in May.

Sports betting handle nears $600m in May

Turning to the sports betting sector, revenue here increased 7.6% year-on-year to $44.2m. Of this, $41.6m came from online wagering, with the remaining $2.6m generated by retail sportsbooks across Pennsylvania.

As for handle, players spent a total of $591.9m betting on sports, up 19.4% from $495.6m last May.

Breaking down this segment, Valley Forge Casino Resort, partnered with FanDuel, led the way with $22.8m in revenue. 

Hollywood Casino at the Meadows and DraftKings placed a distant second with revenue of $11.0m. Hollywood Casino at Penn National, which works with ESPN Bet, rounded off the top three on $2.2m.

As for other gambling revenue sources in Pennsylvania, video game terminal revenue was 3.0% higher at $3.7m. However, fantasy sports revenue slipped 5.2% to $1.2m in May.

Total tax revenue generated through all forms of gambling for the month hit $216.3m.