Pennsylvania Internet Casino Revenue Reaches $183 Million in August

Pennsylvania Internet Casino Revenue Reaches $183 Million in August article feature image
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(Photo by Drew Hallowell/Getty Images) Pictured: Lincoln Financial Field

The Pennsylvania Gaming Control Board reported $183.7 million in adjusted gross internet casino revenue for August on Wednesday, with slot winnings reaching an all-time monthly high.

Overall, revenue was up 26.7% from last year, furthering the trend of year-over-year, double-digit growth throughout 2024. It was the third-highest total in state history, trailing only the record $191.1 million haul from March and the $184.9 million posted in February. August winnings were also up 5.4% from the $183.4 million reported for July.

Total operator revenue since launch in July 2019 surpassed $6 billion, with $1.39 billion of that total coming this year. Year-to-date revenue is up 26% from the first eight months of 2023, an increase of $287.4 million. Wagering was up more than $1 billion compared to 12 months prior, coming within $5.1 million of $6 billion as year-to-date drop reached $47.5 billion.

Operators reported $138.3 million in revenue derived from slots, up 31.4% from 2023. The house did not sustain that pace when it came to craps, blackjack, roulette and other table games, with the $43.2 million an increase of 15.9%. Poker rake declined 8.9% to $2.22 million, the second-lowest total of the year and just ahead of the $2.2 million reported in June.

The state collected close to $53.4 million in taxes, lifting the year-to-date total to $396.3 million. That is over three times the $112.5 million in receipts sports betting has generated in the Keystone State.

PENN National First to Top $50 Million in Slot Revenue

The previous state record for slot revenue was $135.5 million set in March. Hollywood Casino at PENN National had a large hand in establishing that standard as its internal platform, while BetMGM and DraftKings combined for a state-record $49.2 million. It was the same story in August as the trio accounted for close to $53 million, despite the $1.3 billion drop being $2.4 million less compared to March.

PENN's overall revenue of $72.1 million for the month ranks third all-time behind February ($77.3 million) and March ($72.3 million) due to less revenue from the live dealers and virtual tables. The $18.7 million in winnings, while 8.6% higher from last August, was well off February's all-time high of $29.8 million and the $22.6 million posted in March.

FanDuel, which is tethered to Valley Forge, also had an all-time high in slot revenue at $32.1 million, edging past its previous high of $31.9 million established in April. Its total haul of $45.9 million also ranks third in its annals, an increase of 41.7% from last year that placed behind March ($50.8 million) and April ($48.1 million).

Rivers Casino app Play SugarHouse grabbed the final podium spot for revenue with $30.9 million, the fourth time in the past five months it topped $30 million. That was up 9.9% from last August, with the 29.9% bounce in table games to $4.3 million outpacing the 7.3% bump in slot winnings to $26.5 million.

Caesars Palace cleared $75 million in revenue for 2024 after reporting $8.9 million for August. It also cleared $2 billion in total drop for the year with $255.5 million wagered. Caesars has made notable strides in the past 12 months in Pennsylvania: Its $108.6 million in revenue in that span is up 95.3% from the 12-month period covering September 2022 through August 2023.

On the flip side, PARX's swoon continued with a fourth straight month of year-over-year declines in revenue. The $4.2 million in August winnings were down 20.3% from last year, and the $17.4 million accrued since May represents a decline of 11.5% compared to the same four-month span in 2023. The $13.6 million in revenue from slots the last four months is off 15.4%, overshadowing a 5.7% increase in table games winnings to $3.8 million.


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About the Author
Chris is a Senior Analyst at Better Collective US and his focus is breaking down monthly sports betting revenue figures from state agencies across the United States. Prior to joining Better Collective in November 2019, Chris acquired more than two decades worth of experience at three national sports news wire services.

Follow Chris Altruda @altruda73 on Twitter/X.

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