Gaming revenue increases 6.2% to $506 million — CDC Gaming



The Pennsylvania Gaming Control Board Thursday reported revenue of $505.9 million from all forms of gambling in September, a year-over-year increase of 6.17%.Story continues below
Notably, Valley Forge Casino Resort (29.5%) and Hollywood Casino at the Meadowlands (27.5%) posted significant year-over-year increases.
Sports wagering revenue also increased by 46.13%, presumably with the advent of football season.  Also, igaming slot revenue saw a marked increase at 15.08% in September.
Valley Forge Casino Resort rode the jump in its revenue to bring in $85.6 million. Hollywood Casino at Penn National  in Grantsville generated $82.5 million, up 7.1% year-over-year.  Parx Casino in Philadelphia reported revenue of $52.2 million, a year-over-year decrease of 6.52%, edging out Rivers Casino Philadelphia, which posted revenue of $51.1 million, a 7.84% jump.
Revenue from slots decreased 1.48% statewide from September 2023. Parx Casino led Pennsylvania casinos with $30.2 million, a decrease of 4.25% year-over-year. Wind Creek Bethlehem generated $24.2 million, a year-over-year increase of 2.1%. Rivers Casino Pittsburgh’s slot revenue was $20.7 million, a decrease of 2.36% compared to the same time period in 2023.
In September, igaming revenue reached $176.0 million. Hollywood Casino at Penn National led the state in igaming revenue with $66.9 million, an increase of 3.20%. Valley Forge Casino Resort posted $47.1 million, an increase of 33.03%, and Rivers Casino Philadelphia reported igaming revenue of $31.5 million, up 7.73%.
Valley Forge Casino Resort generated sports betting revenue of $27.4 million from a handle of $320.4 million. Hollywood Casino at the Meadows brought in $13.1 with a handle of $237.2 million. Hollywood Casino Morgantown generated $2.50 million from a handle of $53.5 million, and  Hollywood Casino at Penn National posted sports betting revenue $2.46 million from a handle of $33.3 million.



Source link