Pennsylvania Gaming Control Board Reports Record Revenue in March
The Pennsylvania Gaming Control Board (PGCB) recently announced an unprecedented milestone in the state’s gaming landscape, revealing a staggering total revenue of $574,534,002 for March 2025. This impressive figure marks a dramatic increase over the previous record of $554,625,294 set in March 2024, underscoring the robust growth trajectory of the gaming sector in Pennsylvania.
Record Growth in iGaming Revenues
A standout component of the March revenue report was the iGaming sector, which delivered a remarkable $238,220,161 in gross revenue. This represents an increase of more than $47 million compared to March 2024’s revenue of $191,086,114. Notably, the performance of online casino games not only eclipsed last year’s figures but also surpassed the previous monthly peak of $223,652,312 set in December 2024. These figures include revenue from various gaming formats, including casinos, fantasy contests, and video gaming terminals (VGTs).
Breakdown of Gaming Revenue
- Retail Slots and Table Games:
- Total gaming revenue tax for March 2025 reached $244,333,995.
- Retail slots revenue was the highest at $222,499,993, albeit reflecting a dip of 2.37% compared to March 2024’s revenue of $227,891,331.
- The number of operational slot machines decreased to 24,373 in March 2025, down from 24,886 the previous year.
- Retail table games generated $81,891,242, a decline of 3.91% from March 2024, contributing $13,711,363 in tax revenue.
iGaming Market Dynamics
The strong momentum in iGaming signals a sustained interest in virtual gaming options. The growth of 24.67% from the previous year highlights a growing demographic that increasingly prefers online gaming experiences. Hollywood Casino at Penn National Race Course was the leading iGaming operator, reporting $90,742,972 in revenue, followed by Valley Forge Casino Resort with $64,783,597.
Sports Betting Landscape
March 2025 also saw significant activity in sports betting, with total wagering reaching $842,856,961, a 5.26% increase from the $800,718,332 reported in March 2024. However, taxable revenue for the month decreased substantially by 40.71% to $27,026,829, highlighting potential volatility in the market. The tax revenue generated from sports betting amounted to $9,729,658.
Performance of VGTs
Video gaming terminals (VGTs) showed a slight revenue decrease, totaling $3,715,486 in March 2025, down 0.64% from $3,739,380 in March 2024. All operators maintained the maximum allowable five machines across 74 truck stop establishments, indicating a stable operational environment, yet a need for strategies to enhance revenue growth. The tax collected from VGTs for March 2025 reached $1,932,053.
Rise of Fantasy Contests
Revenue from fantasy contests also demonstrated positive momentum, totaling $1,180,292 in March 2025, an increase of 6.91% from the previous year. DraftKings led the market with $919,733, followed by FanDuel at $179,666 and Underdog Sports with $77,919, collectively contributing $177,044 in tax revenue to the state.
In conclusion, March 2025 not only set new records for gaming revenue in Pennsylvania but also highlighted the evolving dynamics and growing sectors within the gambling industry. As operators continue to adapt to shifting consumer preferences, strategic innovations and effective marketing will be crucial in sustaining this upward momentum in an increasingly competitive landscape.
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Jose Del Pozo, an iGaming analyst with over a decade of experience, has contributed insights to various prominent casino and betting websites, including Pokerlistings, Casinobee, and Betpack. His expertise provides a lens into the future trends of the iGaming market.
