In May, Pennsylvania's gambling income increased 8.7 percent year-on-year to $521.0 million (£409.9 million/€485.2 million). The Keystone State also saw growth in its land-based and sports-betting sectors.
May igaming gross revenue in Pennsylvania was $174.1m, a 23.5% increase from the previous year.
Compared to $479.4m in May of previous year, total income was much higher. Additionally, it was 3.3% higher than the $504.6m recorded in Pennsylvania for the month of April of this year.
While internet gambling did see the biggest expansion, land-based slot machines still bring in the most money for Pennsylvania's casinos. There was a 1.6% increase to $214.1m in May from physical slots.
There was a 21% increase from the previous year, and the mobile sports betting gross gaming revenue was $59.1m, up 10.5% annually on a handle of $557m. Across all operators, promotional spending increased by 6.3%.
Table games revenue in the land-based sector hit $83.7m, an increase of 2.5%.
The land-based operations of Caesars and Penn saw a 12.2% and 1.2% year-on-year decline in gross gaming revenue, respectively, according to Deutsche Bank.
The investment bank's research statement highlighted the fortunate May calendar, comparing the number of weekend days in 2024 (nine) to 2023 (eight).
Pennsylvania is where igaming really shines.
income from online slots increased by 26.2% to $126.9m, while income from table games increased by 18.6% to $44.9m. Internet poker income, meanwhile, fell 9.1% to $2.3 million.
According to Deutsche Bank's May igaming market share estimates, FanDuel has a 25.5% share. After BetRivers with 18% of the market, DraftKings is anticipated to follow with 18.7%.
Revenue from igaming at Valley Forge Casino Resort was $44.4 million, at Penn National Race Course's Hollywood Casino it was $65.1 million, and at Rivers Casino Philadelphia it was $31.3 million.
May saw increase reported by every operator in Pennsylvania's igaming market.
Gambling on sports approaches $600 million in May
Next, we have the sports betting industry, whose revenue jumped 7.6 percent year over year, reaching $44.2 million. The remaining $2.6 million was brought in by brick-and-mortar sportsbooks in Pennsylvania, while $41.6 million was generated by online wagering.
The total amount wagered by gamers on sporting events increased 19.4 percent from $495.6 million in May of previous year to $591.9 million.
If we break down this division by revenue, we see that Valley Forge Casino Resort, in partnership with FanDuel, raked in $22.8 million.
With $11.0m in sales, Hollywood Casino at the Meadows and DraftKings came in a distant second. With $2.2 million, the third-place finisher was the Hollywood Casino at Penn National, an ESPN Bet partner.
Penn State's video gaming terminals brought in $3.7 million, a 3.0% increase over the previous year. Having said that, May's fantasy sports income was $1.2 million, a decline of 5.2%.
For the month, a total of $216.3 million came in from all kinds of gaming.
