Overall gambling revenue in the state of Pennsylvania increased by 2.7% year-on-year to $477.2m (£378.1m/€441.9m) in January.
Revenue was up from $464.4m in January 2023 but 10.7% behind the $534.2m generated in Pennsylvania in December. This revenue comprises land-based slot and table games, online gambling sports betting, video lottery terminals (VLTs) and fantasy sports.
Physical slots remain the primary source of gambling revenue in Pennsylvania at $179.5m, down 11.2% year-on-year. Land-based table games revenue also slipped 13.4% to $72.7m.
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Slots drive online gambling growth in Pennsylvania
In contrast, the Pennsylvania online gambling sector reported more growth. During January, revenue from igaming amounted to $149.6m, up 12.4% from last year.
Online slots revenue reached $110.0m, a rise of 22.0%. However, online table game revenue fell 7.8% to €36.9m, while internet poker revenue was almost level at $2.7m.
Hollywood Casino at Penn National remains the market leader with $50.5m in total igaming revenue. Valley Forge Casino Resort ranked second with $41.6m, then Rivers Casino Philadelphia on $29.5m for the month.
Sports betting revenue rockets 77.9%
Turning to the sports betting market, total revenue here was up by 77.9% to $69.9m. This includes $66.0m in online wagering revenue and a further $3.9m from the retail sportsbook market.
In terms of handle, this reached $858.2m for January, an increase of 8.1% from $793.7m last year. Players spent $808.8m betting online and $49.4m at land-based locations.
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Valley Forge Casino Resort and FanDuel remain some way out in front in this market. During January, the partnership generated a total of $39.6m in sports betting revenue.
Hollywood Casino at the Meadows and DraftKings were a distant second with $19.0m, then Hollywood Casino Morgantown and BetMGM on $3.6m.
Elsewhere, VLT revenue in Pennsylvania amounted to $3.0m in January, down 9.1%. Fantasy sports revenue also edged down 3.9% to $2.5m.
Pennsylvania welcomes newcomers
The Pennsylvania market could be set for further growth after it was confirmed that several new brands will launch.
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Last month, Fanatics Betting and Gaming launched its sportsbook and online casino in the state. The Fanatics brand replaces PointsBet, with existing customers moving over to the new-look Fanatics platform.
Meanwhile, microbetting operator Betr last month entered into a market access deal for Pennsylvania. Betr’s agreement is with the Cordish Gaming Group, the gaming division of The Cordish Companies.
Betr also secures similar access deals in Colorado and Kentucky.