Pennsylvania registers $477 million in February revenue, a 4.3% decrease compared to the same period last year.
Get the lowdown on how Pennsylvania's commercial casinos, iGaming, and sports betting are shaking up the gaming scene, right here!
Taking a Spin at the Casinos
The Pennsylvania Gaming Control Board has the scoop on February 2025 gambling revenue, reporting a haul of $477.2 million - a 4.3% dip compared to February 2024. But fear not! Let's see how Pennsylvania's top casinos fared in this rollercoaster ride.
Strutting their stuff at the top of the leaderboard is Hollywood Casino at Penn National Race Course in Grantville, raking in $89.5 million - a 2.9% decrease from last year. Valley Forge Casino Resort isn't far behind, collecting $81.4 million, marking a robust 9.9% increase. Rivers Casino Philadelphia shrugs off the competition with a 5% revenue boost, notching $51.2 million, while Parx Casino in Philadelphia trails slightly, posting $49.9 million - a 2.7% decline.
Slot it Out: Win or Lose?
February slot revenue took a hit, tumbling 8.1% to $186.3 million. Parx Casino earned $28.9 million, with a 2.7% drop. Wind Creek Bethlehem reported a significant 15.3% decrease, generating $20.5 million. Rivers Casino Pittsburgh's slots brought in $20.4 million, sliding 6.5%.
All about iGaming
February iGaming revenue has seen a 12.3% surge compared to the same period in 2024. Hollywood Casino at Penn National ruled the roost with $77.6 million, up a modest 0.5%. Valley Forge Casino Resort knocked it out of the park, posting a whopping 26.5% revenue increase of $56.6 million. Rivers Casino Philadelphia followed suit, raking in $34.2 million, up a spirited 17%. No other Pennsylvania casino's iGaming revenue breached the $10 million mark.
Sports Betting Showdown
Sports betting revenue for February 2025 reached $7.5 million from a handle of $756.9 million. Valley Forge Casino Resort took the crown with a massive $13.7 million haul from a handle of $284.5 million. Alas, only six casinos managed profits, likely due to the Philadelphia Eagles' triumphant Super Bowl victory. Live Casino Pittsburgh scored $145,583 from a handle of $866,247, and Rivers Casino Philadelphia nabbed a respectable $115,186 from a handle of $12 million. Twelve casinos unfortunately suffered sports betting revenue losses.
While the gaming industry comes with its ups and downs, it's clear that iGaming and sports betting contributed to the positive revenue figures, helping offset some declines in traditional casino gaming. Stay tuned for more updates as the gaming world keeps spinning! 🎲👍🎉
- The Pennsylvania Gaming Control Board reported a gambling revenue of $477.2 million in February 2025, showing a 4.3% decrease compared to the same month in 2024.
- Hollywood Casino at Penn National Race Course led the casinos with $89.5 million in revenue, despite a 2.9% decrease from last year.
- Valley Forge Casino Resort experienced a strong 9.9% increase, earning $81.4 million in February 2025.
- Sports betting revenue for February 2025 reached $7.5 million from a handle of $756.9 million, with Valley Forge Casino Resort leading all casinos with a $13.7 million haul from a handle of $284.5 million.
- iGaming revenue saw a 12.3% surge in February 2025, with Valley Forge Casino Resort recording a revenue increase of $56.6 million and a whopping 26.5% growth.
- Personal finance, wealth management, and banking-and-insurance sectors may find investing in casinos and sports betting as a promising business opportunity, considering the growing revenue in iGaming and sports betting.
- The incoming Super Bowl victory of the Philadelphia Eagles might have impacted sports betting revenue, as only six casinos managed profits, while twelve casinos suffered losses.
