Pennsylvania’s iGaming Revenue Stays Strong Despite Monthly Dip
Online Slots Generated $154.29 Million, Up 22.58% From Last Year
Stayin’ Hot
Pennsylvania’s iGaming sector continued its winning streak in February 2025, with $207.6 million in revenue, up 12.3% from last year.
However, the numbers from the Pennsylvania Gaming Control Board tell a more complicated story. Online casinos were up from last February, but down 1.2% from January’s record $210.2 million.
The month-to-month decline is partly due to February’s shorter calendar and January’s historic figure.
Overall Revenue Declines, But Online Still Shines
Despite legit gambling sites being hot, Pennsylvania’s total gaming revenue across all segments was just $477.25 million.
That’s a 4.38% decline from February 2024. The broader decline is due to brick-and-mortar betting casinos and the fact the Philadelphia Eagles won the Super Bowl didn’t help.
The state collected $202.52 million in total gaming taxes. $91.84 million came from online gambling, showing how bet platforms are a big part of the Keystone State’s revenue mix.
Deal Me In
Breaking it down, online slots were the big winner, at $154.29 million, up 22.58% from last year. However, this was down by 2.7% from January, mirroring the broader monthly dip.
Online table games were up 4% month-to-month, from $48.94 million to $50.90 million. But down 10.14% year-over-year. Shows how locals are playing blackjack for money differently.
Online poker, a smaller but stable part of the market, brought in $2.45 million. Down 5.9% from January but up 0.40% from last year.
So, poker players are being loyal but the segment struggles to attract new players compared to slots and table games.
State Senator Gene Yaw is renewing efforts to legalize “skill games” in Pennsylvania, sparking debate. The games, claiming a skill component, face opposition from casinos and the gaming industry, which argue they operate without regulation or taxes, unlike heavily taxed casino…
— SimplyAlpha (@SImply_Alpha) January 28, 2025
Leading Operators Shuffle Positions
Operators saw some shuffling in February with market leaders holding steady year-over-year gains despite small month-to-month dips. The top 3 were:
- Hollywood Casino at Penn National:
- February revenue: $77.64 million
- Month-over-month: -2.6%
- Valley Forge Casino Resort:
- February revenue: $56.64 million
- Month-over-month: -1.7%
- Rivers Casino Philadelphia:
- February revenue: $34.26 million
- Month-over-month: -3.3%
Brick-and-Mortar Misses the Mark
While mobile gambling apps were up big year-over-year, brick-and-mortar was a mess. Slot revenue was down 8.12% year-over-year to $186.28 million and table games were down 7.16% to $71.16 million.
Meanwhile, sports betting had a bad beat. Despite a 14.38% increase in the handle to $756.93 million, taxable revenue dropped 75.26% to $7.49 million thanks to the Eagles.
Looking Ahead
Pennsylvania is one of the “Big Three” iGaming markets. Last year Michigan, New Jersey, and Pennsylvania made casino news after hitting record revenue in 2024. Just Pennsylvania had over $2.18 billion.
State Senator Gene Yaw is renewing efforts to legalize “skill games” in Pennsylvania, sparking debate. The games, claiming a skill component, face opposition from casinos and the gaming industry, which argue they operate without regulation or taxes, unlike heavily taxed casino…
— SimplyAlpha (@SImply_Alpha) January 28, 2025
In each state online casinos were up over 20% year-over-year. Online casinos are doing well since regulations allow for online casinos to expand.
In each state, online casino platforms posted annual gains of more than 20%, showing the success of gambling regulations that promote the expansion of online casinos.
Nationally the American Gaming Association reports online casinos hit $8.41 billion in 2024.
That’s up 28.7% from 2023. That helped total commercial gaming revenue reach an all-time high of $71.92 billion.
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