{"id":323002,"date":"2024-06-19T10:00:21","date_gmt":"2024-06-19T15:00:21","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=323002"},"modified":"2024-06-19T10:07:47","modified_gmt":"2024-06-19T15:07:47","slug":"pennsylvania-gaming-revenue-totals-521m-may","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/pennsylvania-gaming-revenue-totals-521m-may\/","title":{"rendered":"Pennsylvania Gaming Revenue Totals $521M in May, iGaming Responsible for Growth"},"content":{"rendered":"

Pennsylvania’s gaming industry continues to grow. Fresh off its best year ever where gamblers lost a record $5.7 billion<\/a>, the Keystone State’s gaming operators have maintained their momentum in 2024.<\/span><\/p>\n

\"Pennsylvania
Chips are stacked on a roulette table. Pennsylvania casinos won almost $521 million in May. Online casinos drove the continued revenue momentum. (Image: Unsplash)<\/figcaption><\/figure>\n

The Pennsylvania Gaming Control Board (PGCB) on Tuesday revealed that May gaming win was nearly $521 million. Gamblers lost a combined $520,997,868 playing casino slot machines and table games, betting on sports, gambling online, and through other verticals. The revenue number doesn’t include lottery losses.<\/span><\/p>\n

May’s gross gaming revenue (GGR) represented a 9% year-over-year increase on May 2023 when operators won approximately $479.4 million.<\/span><\/strong><\/p>\n

Each month this year has experienced year-over-year revenue gains. 2024 so far was highlighted by March, when the state gaming industry reported its best month ever with GGR upwards of $554.6 million<\/a>.<\/span><\/p>\n

Battle for Second<\/b><\/span><\/h2>\n

Nevada continues to be the richest gaming state in the US. Silver State casino revenue last year was a record $15.5 billion<\/a>, which marked Nevada’s third consecutive year of reporting a new GGR high.<\/span><\/p>\n

\n

New Jersey and Pennsylvania have been battling for the title of the second-richest gaming state over the last couple of years. Pennsylvania unseated New Jersey in 2022 by just $28,735, as Pennsylvania’s GGR of $5,211,303,191 edged the Garden State’s GGR of $5,211,274,456.<\/span><\/p>\n<\/div>\n

New Jersey regained the second spot in 2023 with GGR of more than $5.77 billion, about $70 million more than Pennsylvania.<\/span><\/p>\n

Through the first half of 2024, Pennsylvania GGR totaled $2,556,551,344. New Jersey gaming revenue from January through May totaled $2,567,771,975, a difference of about $11.2 million.<\/span><\/p>\n

May Numbers<\/b><\/span><\/h2>\n

iGaming platforms<\/a> were most responsible for the May uptick in Pennsylvania GGR. Online slots generated revenue of $126.9 million — up 26% — while interactive table games won $44.9 million, a 19% year-over-year improvement.<\/span><\/p>\n

Retail play also made gains, however, as brick-and-mortar slots and tables combined to win roughly $297.85 million. That represented a 2% increase from May 2023. Pennsylvania is home to 17 physical casino properties.<\/span><\/p>\n

Oddsmakers kept $44.2 million of the more than $591.9 million in bets wagered. Just $2.6 million of the win came from bets placed in person.<\/span><\/p>\n

\n

The FanDuel Sportsbook, which is partnered with Valley Forge Casino Resort in the Philly suburbs, continues to control the sports betting market in Pennsylvania. FanDuel accounted for $22.8 million of the May hold.<\/span><\/p>\n<\/div>\n

Video gaming terminals in truck stops added $3.7 million in revenue, up 3%, while fantasy sports charged $1.15 million on contest commissions. The fantasy sports industry continues to decline, as the May number was 5% lower than May 2023. Online poker rake totaled $2.27 million, down 9% from a year ago.<\/span><\/p>\n

Parx Casino, one of only two nonsmoking casinos in Pennsylvania, led retail play with $32.6 million in slot revenue and $18.3 million on the felt. Wind Creek Bethlehem was second with slot win of $24 million and felt income of $20.2 million.<\/span><\/p>\n

Efforts continue in the Harrisburg capital to eliminate tobacco smoking from the casino floors. Proponents of ending the casino smoking loophole<\/a> have regularly pointed to Parx leading the state gaming industry in terms of retail GGR.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Pennsylvania gaming revenue in May totaled $521 million.<\/p>\n","protected":false},"author":25,"featured_media":323010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19],"tags":[84148,82124,81871,24,26,45,80968],"acf":[],"yoast_head":"\nPennsylvania Gaming Revenue Totals $521M in May<\/title>\n<meta name=\"description\" content=\"Pennsylvania's gaming industry continues to grow. 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