Pennsylvania Sets Gaming Revenue Records in December 2023

In a remarkable achievement, Pennsylvania’s gaming industry has set new revenue records in 2023, culminating in a historic December.

The Pennsylvania Gaming Control Board (PGCB) reported that December 2023 saw an all-time high monthly revenue of $534.2 million, surpassing the previous record set in March 2023. This revenue marks a substantial year-over-year increase of 12.5%.

A significant contributor to this success was the record revenue from igaming, which reached $165.1 million, outdoing the previous high of $159.5 million in September 2023.

Sports wagering also played a vital role, with revenue climbing to $72.5 million, exceeding the former peak of $63.7 million in November 2021.

Leading the charge in Pennsylvania’s gaming revenue was Valley Forge Casino Resort in King of Prussia, which generated $92.1 million, a year-over-year increase of 42.7%.

Hollywood Casino at Penn National followed closely, posting a revenue of $75.6 million. Slot revenue also saw a boost, with Parx Casino bringing in $32.4 million despite a slight year-over-year decrease.

The online segment has been particularly robust, with igaming revenue from slots, table games, and poker showing impressive numbers.

Hollywood Casino at Penn National led this segment with $60.9 million in revenue. Valley Forge Casino Resort and Rivers Casino Philadelphia also reported substantial igaming revenues.

valley forge casino resort

Valley Forge Casino Resort

Sports betting revenue, bolstered by a handle of $925.6 million, saw Valley Forge Casino Resort leading with a revenue of $39.2 million from a handle of $394.2 million. Hollywood Casino at the Meadows and Hollywood Casino Morgantown also reported significant revenues from sports betting.

The year 2023 marked a milestone for Pennsylvania, with gambling revenue reaching a record $5.70 billion, a 9.3% increase from the previous record set in 2022. This growth was driven by record figures from igaming and sports betting.

Physical slots continued to lead in revenue, while land-based table games saw a slight dip. Igaming revenue showed remarkable growth, reaching $1.74 billion, beating the previous record by 27.7%. Sports betting also reached new heights, with revenue hitting $458.6 million, and a handle of $7.68 billion, marking a significant increase from the previous year.

These achievements highlight Pennsylvania’s growing strength in the gaming industry, with both land-based and online segments contributing to this remarkable performance.

The state’s ability to adapt and innovate in the gaming sector positions it well for continued growth and success in the coming years.

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Elina Blagoeva is a member of the Mr. Sweepstakes editorial team. She studied Multimedia and Creative Technologies at the KdG University of Applied Science and Arts in Antwerpen, Belgium.

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