Decline in Gambling Revenue in Pennsylvania in February, Despite considered growth in iGaming sector
In February 2025, Pennsylvania's gambling industry took a hit, with total revenue plummeting to $477.2 million - a 4.3% decrease from the previous year's $499.1 million. However, the online gambling (iGaming) sector showed a glimmer of hope, registering a 12.3% year-over-year increase to $202.7 million.
Hollywood Casino at Penn National Race Course led the online market, with a whopping $77.6 million. Valley Forge Casino Resort followed closely behind with $56.6 million, while Rivers Casino Philadelphia grabbed the third spot with $34.2 million.
Retail casinos had a rollercoaster month. Hollywood Casino at Penn National Race Course held onto its top spot but saw a 2.9% decline to $89.5 million. Valley Forge Casino Resort, on the other hand, experienced a significant 9.9% revenue boost to $81.4 million. Rivers Casino Philadelphia also saw growth, with a 5% increase to $51.2 million.
However, not all casinos were lucky. Wind Creek Bethlehem suffered a 13.1% revenue drop, earning $39.2 million. Similarly, slot machine revenue saw an 8.1% decrease to $186.3 million. Parx Casino led the slot segment despite a 2.7% decline, bringing in $28.9 million. Wind Creek Bethlehem and Rivers Casino Pittsburgh also reported losses, with slot revenues down by 15.3% and 6.5%, respectively.
Sports betting revenue took a massive hit, plunging 75.3% to $7.5 million, despite a 14.4% increase in total betting handle to $756.9 million. Analysts attributed the losses to bettors' wise wagers, particularly on the Philadelphia Eagles' Super Bowl victory.
Valley Forge Casino Resort ruled the sports betting market, generating $13.7 million in revenue from a $284.5 million handle. Unfortunately, 11 other casinos across the state reported losses in the sector, leading to the sharp drop in overall revenue.
Despite the challenges in retail gaming and sports betting, Pennsylvania's growing iGaming market brings a glimmer of optimism for future revenue stabilization.
For a broader perspective, Pennsylvania, Rhode Island, and West Virginia combined generated $788.5 million in gaming revenue, though this figure does not specify whether it includes iGaming or only retail. Nationwide, traditional table games and slots generated $3.89 billion, while retail sports betting contributed significantly but is part of the broader land-based gaming sector, which saw a decline.
Without specific February data for Pennsylvania's retail and online sectors, it's difficult to offer a direct comparison. However, the trend suggests that while retail gaming faced challenges, online gaming continued to grow strongly, mirroring the broader national trends in the gaming industry. If you're looking for a thrilling online gambling experience, don't miss out on the action at Katsubet – where you could score up to 5BTC or 111% + 111 free spins!
- The casino industry in Pennsylvania, despite the 4.3% decrease in total revenue in February 2025, may find stabilization in the growing iGaming market.
- In February 2025, the online gambling sector showed a significant increase in revenue, with Hollywood Casino at Penn National Race Course leading the market, while Valley Forge Casino Resort and Rivers Casino Philadelphia followed closely.
- In contrast to the online sector, some retail casinos faced challenges in February 2025, with Wind Creek Bethlehem suffering a 13.1% revenue drop.
- Sports betting revenue in Pennsylvania experienced a massive hit in February 2025, with Valley Forge Casino Resort ruling the sports betting market, yet 11 other casinos reported losses in the sector.
