Gambling revenue in Pennsylvania increased by 10.9% year-on-year in January, reaching $529.1 million. Online gambling was the standout performer, with revenue climbing 40.5%. Hollywood Casino at Penn National led the online market with $79.7 million in revenue.
However, the sports betting market saw a decline for the second consecutive month, with revenue falling by 26.4% to $51.5 million. FanDuel and Valley Forge Casino Resort remained the top operators in this sector.
In terms of land-based gambling, slot machine revenue increased by 4.6% and table games revenue edged up 1.5% in January. Video gaming terminals revenue also saw a 4.5% increase.
Overall, the state generated $221.6 million in tax revenue in January. Online gambling contributed $93.9 million, sports betting added $51.5 million, land-based slots brought in $94.8 million, and table games accounted for $12.3 million.
While online gambling continues to thrive in Pennsylvania, the sports betting market is facing challenges. Despite this, the overall gambling industry in the state remains strong, with growth in various sectors contributing to continued revenue increases. The state is expected to continue to monitor and adapt to market trends to ensure a healthy and sustainable gambling industry in Pennsylvania.
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