Pennsylvania online casino operators started the new year out a little slower than they ended 2023. The Pennsylvania Gaming Control Board (PGCB) reported operators generated $189.3 million in January revenue.
PA online casinos have been hitting on all cylinders as of late, but that trend seemed to fall off last month. Still, this was the fifth consecutive month with earnings topping $186 million for the state.
‘A slight step back’
PlayPennsylvania Managing Editor, Chris Imperiale, said:
“The Pennsylvania online casino market took a slight step back in January, but still produced a solid showing to start 2024. Last month, platforms generated just over $189.3 million in earnings, marking the fifth straight report with revenue exceeding $186 million. This ended up being around a 7% decrease from the record-setting December, however, January’s revenue showed an increase of more than 18% year over year. Although a new best wasn’t set, it was a strong performance to start the year for PA online casinos.”
Breakdown of PA online casino January 2024 revenues
- Online slots revenue: $149,768,010
- Table games revenue: $36,874,638
- Online poker revenue: $2,659,911
LEARN MORE ABOUT ONLINE CASINOS:
Quick analysis from January PA online casino figures
- Pennsylvania online casinos hit $6 billion in lifetime earnings after January’s performance. The state produced exactly $6,006,404,843 in total revenue since launching with operators in 2019. The market is still increasing, with 21 platforms and more on the way. Operators could reach around $8 billion in lifetime revenue by the end of 2024.
- Even though January started off slow for Pennsylvania’s standards, it’s still an 18.1% year-over-year increase and the fifth straight month of at least $180 million in monthly revenue. Should operators continue to generate $189.3 million per month, Pennsylvania would record $2.3 billion in yearly revenue, beating last year’s total.
- FanDuel Casino PA and Stardust Casino PA, partners with Valley Forge Casino, posted $52.6 million, an all-time high for the licensee. FanDuel carries much of the weight between the two operators. Over the past several months, FanDuel has been gaining ground in the online casino department. DraftKings Casino PA should be looking over its shoulder for the top spot in PA.
PA online casino revenue by operator in January 2024
Licensee | Total Revenue | Slots | Tables | Poker | Promos | Taxes |
---|---|---|---|---|---|---|
Hollywood Penn National | $64,902,421 | $51,673,642 | $12,840,441 | $388,338 | $14,403,101 | $22,240,445 |
Valley Forge | $52,589,711 | $37,369,621 | $15,220,091 | $0 | $10,980,501 | $16,685,339 |
Rivers Philadelphia | $36,224,920 | $32,240,658 | $3,841,007 | $143,255 | $6,627,465 | $14,467,789 |
Harrah's Philadelphia | $9,848,608 | $6,980,343 | $2,360,068 | $508,198 | $1,475,249 | $3,429,635 |
Parx | $6,170,416 | $5,254,438 | $915,978 | $0 | $802,954 | $2,550,358 |
Mount Airy | $4,477,829 | $2,254,091 | $603,617 | $1,620,120 | $984,935 | $1,037,069 |
Golden Nugget PA | $4,133,356 | $4,488,600 | ($355,244) | $0 | $2,033,218 | $1,097,191 |
Live Philadelphia | $3,903,176 | $3,346,760 | $556,415 | $0 | $743,084 | $1,495,012 |
Bally's State College | $3,448,445 | $3,138,445 | $310,000 | $0 | $961,918 | $1,072,568 |
Wind Creek | $2,214,039 | $2,005,342 | $208,696 | $0 | $624,961 | $778,797 |
Mohegan Sun Pocono | $1,389,638 | $1,016,070 | $373,568 | $0 | $101,452 | $553,665 |
Total | $189,302,559 | $149,768,010 | $36,874,637 | $2,659,911 | $39,738,838 | $65,407,868 |