January gambling revenue in Pennsylvania was up despite a fall in sports betting.

January gambling revenue in Pennsylvania was up despite a fall in sports betting.

 Despite significant reductions in the state's sports betting sector, gambling income in Pennsylvania grew 10.9% year-on-year during January.
 Jan. total market income for Pennsylvania's gaming industry was $529.1 million (£417.8 million/€504.7 million).  Pennsylvania Gaming Control Board numbers released Tuesday (20 February) show that this exceeds $477.2 million in January 2024.

 Nevertheless, December's total of $533.1 million was exceeded by 0.8%.

 In Pennsylvania, online gaming is the main attraction.
 Revenue in this sector increased by 40.5% year-on-year to $210.2 million, with online gambling being the primary driver.  But that's not quite enough to match last year's record-breaking $223.6 million.

 With $158.6 million, a 44.2% increase from the previous year, online slots brought in the most money in this industry.  Online poker saw a 2.3% decline to $2.6 million in revenue, while online table games saw a 32.7% increase to $48.9 million.

 Online slot machines brought in around $4.23 billion in revenue for customers that month.  The amount wagered on table games was $2.92 billion, but the amount wagered on online poker remained undisclosed.

 When it comes to online gambling, Hollywood Casino at Penn National is still miles ahead of the competition.  With a 57.9% year-over-year increase, January sales reached $79.7 million.

 The second-place finisher, Valley Forge Casino, saw a 38.5% increase to $57.6 million.  With $35.4 million, an increase of 19.8%, Rivers Casino Philadelphia secured third place.

 Income from sports betting falls once more
 Moving on to sports betting, the industry witnessed a decline in income for the second month running.  Sales in this area were $51.5 million, a decrease of 26.4% from the previous year.  This is indicative of a broader pattern in the market, since other states had comparable drops in January as a consequence of customer-friendly sporting outcomes.

 Revenue for the month came in at over $49.2 million from online sports betting, with retail sales reaching $2.3 million.

 Compared to the same month a year ago, January's total handle was $873.1 million, an increase of 1.8%.  Spending totals $830.4 million was made up of $42.8 million at brick-and-mortar sportsbooks and $830.4 million online.

 A statewide hold of 5.90% was the end effect of this.
 The operator market is still dominated by FanDuel and their partner Valley Forge Casino Resort.  With a total of $342.3 million and $28.8 million in taxable revenue, an 8.41% hold was achieved.

 With $15.0 million minus $221.0 million, DraftKings and Hollywood Casino at the Meadows came in second place once again.  This led to a 6.79 percent hold.  With $3.4 million off $68.7 million, for a 4.95% hold, BetMGM and partner Hollywood Casino Morgantown improved their performance this month, rising to third place.

 Among the other Pennsylvania businesses, Kambi and Parx Casino contributed $1.1 million to the bottom line, with a 5.88% hold on $18.7 million.  Despite finishing third in December, ESPN Bet and Hollywood Casino York lost $1.8 million.

 Pennsylvania's land-based expansion
 Taking a statewide view, January saw increases across the board for the state's primary land-based gaming industries.

 Table games saw a slight increase of 1.5% to $73.7 million in revenue, while slot machines saw a 4.6% increase to €187.8 million.  Additionally, sales from video gaming terminals increased by 4.5 percent to $3.2 million.

 At the same time, fantasy sports brought in $2.7 million, an increase of 8.9% from the previous year.

 For the month of January, the total amount for taxes was $221.6 million.  There were $93.8 million from online gambling, $51.5 million from sports betting, $94.8 million from land-based slot machines, and $12.3 million from table games included in this total.  Video gaming terminals and fantasy sports were each given a portion of the leftover tax.