Pennsylvania online casinos crossed another major milestone in the month of January. After the Pennsylvania Gaming Control Board (PGCB) released last month’s totals, online casino operators have generated $6 billion in lifetime revenue.
The PA online casino market launched in 2019 and has been soaring ever since. After January’s solid total, the state could be reaching plenty of milestones in 2024.
Online casinos hit another landmark total as market continues to grow
Compared to the months prior, January was a slow showing for Pennsylvania online casinos. Operators produced $189.3 million in revenue last month. Despite being the fifth straight month of earnings north of $180 million, it didn’t quite make $190 million for the third straight month.
However, January’s strong production put the Keystone State above the $6 billion threshold in lifetime revenue. To be exact, Pennsylvania currently sits at $6,006,404,843 in lifetime earnings.
No operator has gone unnoticed since the state went live with online casinos in 2019. Since the PGCB does not break down revenue by operator, here are lifetime totals from the top five licensees. Three of them have contributed at least $1 billion in career earnings:
- Hollywood Penn National: $2.24 billion
- Rivers Casino Philadelphia: $1.42 billion
- Valley Forge Casino: $1.10 billion
- Mount Airy Casino: $373.2 million
- Parx Casino: $279.6 million
Each licensee is able to partner with multiple online platforms. Hollywood Penn National pulls away from the pack because it is partnered with DraftKings Casino PA and BetMGM Casino PA, two of the highest-generating revenue operators in the market.
Rivers Casino Philadelphia teams up with BetRivers Casino PA, Borgata Casino PA and SugarHouse Casino PA, which are three well-respected platforms in the state.
FanDuel Casino PA and Stardust Casino PA are partnered with Valley Forge Casino, which is the third-largest revenue licensee in Pennsylvania.
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Future milestones for Keystone State online casinos
Despite Pennsylvania online casinos slowing down slightly last month, the market is still as strong as ever. Over the last five months, operators produced the following revenue totals:
- September: $187.3 million
- October: $186.9 million
- November: $191.9 million
- December: $204.2 million
- January: $189.3 million
Should online casinos average $189.3 million over the next 11 months, Pennsylvania would exceed $2.3 billion in earnings this year, which would break last year’s record of $2.1 billion.
It seems the state is used to posting revenue totals of $190 million, or even $200 million, like in December for the first time ever. While it might appear Pennsylvania slightly decreased this past month, it still produced a year-over-year increase of 18.1%.
With new platforms such as Fanatics, which recently went live last month, and Jackpot City PA, launching in December, the sky’s the limit for Pennsylvania online casinos.
