Pennsylvania’s Legal Gaming Industry Achieves Record-Breaking Revenue in Fiscal Year 2024/25
Pennsylvania’s legal gaming industry reached a new milestone in fiscal year 2024/25, generating a record gross revenue of nearly $6.4 billion, according to the Pennsylvania Gaming Control Board (PGCB) last week.
The figure, totaling $6.39 billion for the 12-month period ending June 30, marks an 8.5% increase from the previous record of $5.89 billion set in 2023-24. The total encompasses all forms of gaming regulated by the PGCB, including casino slot machines, table games, online gambling, sports betting, video gaming terminals (VGTs), and fantasy sports contests.
Record Tax Revenue Generated
The revenue surge also resulted in an all-time high in gaming tax revenue, with the state collecting approximately $2.79 billion, up from $2.54 billion the previous year. These funds support programs such as school property tax relief, economic development, horse racing, and Pennsylvania’s General Fund.
iGaming Leads the Way
Internet-based gaming was the largest contributor to the increase, generating $2.47 billion in revenue, a 27.09% increase year-over-year. Hollywood Casino at Penn National Race Course led all iGaming operators with $935.8 million in revenue, followed by Valley Forge Casino Resort with $675.2 million.
Tax revenue from iGaming alone amounted to over $1.09 billion, also a record high.
Performance Across Different Gaming Sectors
Retail slot machine revenue (the largest individual category) remained essentially flat year-over-year, increasing by 0.08% to $2.44 billion. Parx Casino once again led the state with $377.7 million in slot revenue, while The Casino at Nemacolin recorded the largest percentage increase, up 16.0% from the previous year.
Table game revenue declined by 3.0% to $928.9 million. Wind Creek Bethlehem and Parx Casino remained the top earners, although both experienced modest year-over-year declines.
Sports betting generated $487.6 million in revenue, down 0.22% from the previous year, despite an increase in total wagers from $8.17 billion to $8.72 billion. Valley Forge Casino Resort, associated with FanDuel, accounted for more than half of the state’s total sports betting revenue with $250.3 million.
Video gaming terminals located at truck stops saw a 0.70% increase in revenue to $41.4 million, with 75 VGT locations in operation statewide at the close of the fiscal year. Marquee by Penn led operators with $27.6 million in VGT revenue.
Fantasy sports contests decreased slightly, recording $19.1 million in revenue – a 0.66% decrease from the previous year. DraftKings and FanDuel combined for the largest share, although both experienced small declines.
Consistent Growth in Pennsylvania’s Gaming Industry
Since the legalization of casino gaming in Pennsylvania in 2006, total gaming revenue has grown steadily, with significant acceleration following the expansion into the sports betting and online markets in recent years. Fiscal year 2024-25 marks the fourth consecutive year of revenue growth in the state’s regulated gaming sectors.
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