PA Online Casinos Top US Revenue Record Again; Sportsbooks Stay Strong in November

Written By Corey Sharp on December 19, 2022
PA online casinos set another revenue record

PA online casinos once again had a record-setting performance in November. According to the figures released by the Pennsylvania Gaming Control Board on Monday, PA online platforms reached $155.9 million in gross revenue last month.

This incredible showing beat out October’s previous mark of $151.7 million and sets a new all-time record again for any online casino market in the US. The Keystone State’s lifetime tax revenue now approaches $1.1 billion, the most for any state offering online casinos.

Pennsylvania sportsbooks held their own, as well, topping $789.2 million in November betting handle. This finished up slightly shy of October’s record-setting showing; however, it’s a year-over-year increase of 3.6% from November 2021.

Sports betting revenue hit $70.0 million for the month, which is up 13.8% month over month, but down 17.6% from November 2021.

“Coming off of a national record-setting month for gross gaming revenue, the PA online casino market continues to rival that of any other state,” said Chris Imperiale, Managing Editor of PlayPennsylvania. “November continued the trend by setting a new best for any U.S. iGaming market with $155.9 million in gross revenue, bringing lifetime tax revenue closer to $1.1 billion, also the most of any state.”

November 2022 numbers for Pennsylvania sports betting

Figures from the Pennsylvania Gaming Control Board:

  • Handle: $789.2 million (1% MoM decrease; 3.6% YoY increase)
  • Revenue: $70.0 million (13.8% MoM increase; 17.6% YoY decrease) / Adjusted Gross Revenue (taxable): $52.9 million
  • Hold: 8.9% (up from 7.6% last month)
  • Percent of bets placed online: 93%
  • Promotional credits: $17.1 million
  • November sports betting taxes: $19.0 million to the state and local entities
  • Top sports betting app by handle: FanDuel Sportsbook with $295.3 million (40% market share)
  • Top sports betting app by revenue: FanDuel Sportsbook with $36.1 million (55% market share)

Full November revenue breakdown below.

November 2022 numbers for online casinos and poker in PA

  • Online slots revenue: $86.6 million
  • Online table games revenue: $39.4 million
  • Poker revenue: $2.5 million

Full November revenue breakdown by PA casino licensee below.

Quick analysis from November PA sports betting and casino figures

PA sports betting November takeaways

  • The PA sports betting market is going strong in its fourth year with online sports betting thanks in great part to excitement around the Eagles’ stellar season. YoY growth has naturally slowed, but the state’s sportsbooks still brought in $789.2 million in handle (3.6% YoY increase) and $70.0 million in revenue (17.6% YoY decrease).
  • It was a good month for sportsbooks as hold increased to 8.9%. Part of that could be attributed to the ever-increasing popularity of parlay wagers this NFL season.
  • FanDuel extended its lead in market share over its top competitor DraftKings. It held steady with a 40% market share for online handle (same as October), while DraftKings dropped down a little to 29%. DraftKings did close the gap in hold percentage, hitting 6.8%, but it still pales in comparison to FanDuel’s 12.2% hold.

PA casinos November takeaways

  • PA online casino action has never been better, as the state’s apps posted a US record in two consecutive months. The state’s online casinos nearly reached $156 million in gross revenue in November, setting a new mark for online gaming in this country.
  • With 18 online casino brands currently active in PA, still more are waiting in line to launch. WynnBet Casino appears closest after receiving iGaming operator approval at last week’s PGCB meeting.
  • Three of PA’s 10 land-based casino licensees – Hollywood Penn National, Rivers Philadelphia and Valley Forge – make up a good portion of the online market with their casino platforms. This month, they totaled $131.4 million in revenue, making up over 84% of market share.

PA sports betting handle & revenue by operator November 2022

LicenseeOnline BrandHandleRevenueHoldTaxes
Valley ForgeFanDuel$297,268,965$36,331,54912.2%$10,311,284
Hollywood MeadowsDraftKings$211,621,455$14,541,2116.9%$4,387,018
Hollywood MorgantownBetMGM$61,786,797$6,175,46610.0%$856,345
Hollywood Penn NationalBarstool$49,411,534$2,749,5045.6%$735,762
Rivers PittsburghBetRivers$33,968,335$2,285,8636.7%$580,758
Harrah's PhiladelphiaCaesars$30,784,929$1,877,4416.1%$496,562
Rivers PhiladelphiaPlaySugarHouse$23,053,152$1,203,4525.2%$395,504
Hollywood YorkPointsBet$18,587,772$664,1613.6%$11,413
Mount AiryFox Bet$9,012,426$513,7785.7%$157,622
Mohegan Sun PoconoUnibet$7,996,064$477,1156.0%$94,460
Live PhiladelphiaBetway$7,912,373$541,2306.8%$194,843
Presque IsleTwinSpires$4,771,390$300,6636.3%$108,185
Wind CreekWind Creek$2,677,765$209,5987.8%$74,601
Live Pittsburgh$2,198,914$83,8763.8%$30,195
South Philadelphia Race & Sportsbook$2,072,369$308,24314.9%$110,968
Downs at Lehigh Valley$1,815,662$71,0403.9%$25,575
Parx Malvern$495,558$51,50210.4%$18,541

PA online casino revenue by operator November 2022

LicenseeTotal RevenueSlotsTablesPokerPromosTaxes
Hollywood Penn National$66,924,828$47,682,467$18,936,454$305,907$11,269,581$20,188,499
Rivers Philadelphia$34,403,470$30,657,078$3,654,264$92,128$6,918,458$11,755,137
Valley Forge$30,144,740$17,506,019$12,638,721$0$3,671,456$8,524,440
Mount Airy$6,378,070$3,728,244$1,041,214$1,608,612$1,518,660$1,456,963
Harrah's Philadelphia$4,204,884$2,549,088$1,121,937$533,859$493,203$1,223,908
Live Philadelphia$2,868,323$2,469,514$398,808$0$949,226$778,345
Mohegan Sun Pocono$2,503,944$1,977,509$526,434$0$484,995$785,711
Wind Creek$2,216,142$2,055,423$160,719$0$671,000$676,394
Presque Isle Downs$167,576$94,249$73,327$0$200$55,936
Photo by Shutterstock/PlayPennsylvania
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Corey Sharp

Corey Sharp is the Lead Writer at PlayPennsylvania bringing you comprehensive coverage of sports betting and gambling in Pennsylvania. Corey is a 4-for-4 Philly sports fan and previously worked as a writer and editor for the Philadelphia Inquirer and NBC Sports Philadelphia.

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