{"id":64326,"date":"2025-12-18T14:42:07","date_gmt":"2025-12-18T14:42:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/64326\/"},"modified":"2025-12-18T14:42:07","modified_gmt":"2025-12-18T14:42:07","slug":"record-betting-drives-pennsylvania-gambling-revenue-to-new-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/64326\/","title":{"rendered":"Record betting drives Pennsylvania gambling revenue to new high"},"content":{"rendered":"<p>Gambling revenue surpassed the previous monthly record in Pennsylvania by 3.5%.<\/p>\n<p>Gambling revenue in Pennsylvania reached an all-time high of $623.1 million in November, helped by a record performance by the state\u2019s sports betting market.<\/p>\n<p>November surpassed the previous record \u2014 <a href=\"https:\/\/igamingbusiness.com\/finance\/pennsylvania-gambling-revenue-record-may\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$601.8 million set in May this year<\/a> \u2014 by 3.5%. It was also 10.8% more than <a href=\"https:\/\/igamingbusiness.com\/finance\/sports-betting-igaming-pennsylvania-record-november\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">November 2024<\/a> and 4.4% ahead of <a href=\"https:\/\/igamingbusiness.com\/finance\/pennsylvania-record-online-casino-revenue-october\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">this October<\/a>.<\/p>\n<p><a href=\"https:\/\/gamingcontrolboard.pa.gov\/news-and-transparency\/press-release\/pennsylvania-gaming-sets-new-monthly-revenue-record\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Data from the Pennsylvania Gaming Control Board<\/a> revealed growth across almost all areas, including both sports betting and iGaming. However, there were slight declines within the land-based casino sector. \u00a0\u00a0<\/p>\n<p>Sports betting records tumble in Pennsylvania \u00a0<\/p>\n<p>While iGaming has drawn attention in recent months by setting new records, it was sports betting\u2019s turn in November.<\/p>\n<p>Revenue for the sector hit an all-time high of $98.3 million, beating the previous record of $77.1 million in November last year by 27.6%. This figure was also 61.9% clear of October\u2019s haul. Online betting accounted for $92.4 million of monthly revenue, with retail\u2019s share at $5.9 million.<\/p>\n<p>Handle-wise, players spent $990.6 million, 2.3% ahead of the prior record in October and 5.9% more than November 2024. Some $946.6 million was wagered online during November, as well as $44 million at retail sportsbooks.<\/p>\n<p>As such, the state ended November with an overall hold of 9.92%.<\/p>\n<p>Looking to operators, FanDuel and Valley Forge Casino Resort retook top spot after slipping to second in October. Revenue of $58.4 million off a $372.9 million handle meant a hold of 11.85%.<\/p>\n<p>DraftKings and Hollywood Casino at the Meadows fell to second with $28.1 million from $299.8 million for a 9.37% hold. Hollywood Casino York and Fanatics Sportsbook placed third with $5.7 million off $62.2 million, meaning a hold of 9.16%.<\/p>\n<p>iGaming falls just short of revenue record<\/p>\n<p>Turning to iGaming, monthly revenue reached $242.7 million. This beat last year by 21.1% but was 3.4% less than October\u2019s all-time high of $251.1 million.<\/p>\n<p>Online slots revenue climbed 24.7% to $185.4 million and internet table game revenue was also up 11.1% to $55.1 million. However, online poker revenue dipped slightly to $2.3 million.<\/p>\n<p>Hollywood Casino at Penn National Race Course and its online gaming partners again led the market with $91.3 million in revenue. Valley Forge Casino Resort and partners placed second at $70.9 million, then Rivers Casino Philadelphia third with $38.2 million.<\/p>\n<p>Land-based casino revenue down<\/p>\n<p>Elsewhere in the state, land-based slots remained the primary source of gambling revenue at $201.2 million. However, this was 0.1% lower than the previous year. Retail table games revenue also dipped 3.6% to $74.7 million.<\/p>\n<p>Video game terminal revenue at truck stop locations climbed 8.9% to $3.5 million while fantasy sports revenue edged up 2.8% to $2.5 million.<\/p>\n<p>As for tax, the state collected $260.9 million during November. This included $35.4 million from sports betting, $109.3 million from iGaming, $101.4 million from land-based slots and $12.6 million from retail tables.<\/p>\n","protected":false},"excerpt":{"rendered":"Gambling revenue surpassed the previous monthly record in Pennsylvania by 3.5%. Gambling revenue in Pennsylvania reached an all-time&hellip;\n","protected":false},"author":2,"featured_media":64327,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28,9414,30,29,9415],"class_list":{"0":"post-64326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pennsylvania","8":"tag-pennsylvania","9":"tag-pennsylvania-gaming-control-board","10":"tag-pennsylvania-headlines","11":"tag-pennsylvania-news","12":"tag-pgcb"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/64326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=64326"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/64326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/64327"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=64326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=64326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=64326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}