Pennsylvania Gambling Revenue Remains Strong in April

The Keystone State’s betting industry once again crossed the half-billion dollar mark in April, though slightly less than the peak reached the previous month.

The Pennsylvania Gaming Control Board (PGCB) announced that income for the month was $504.6 million, a 5.9% increase from April 2023.

While this figure is lower than the $554.6 million record set in March 2024, the two figures are very similar on a daily average basis given that March had one extra day.

Pennsylvania’s largest gambling sector remained stable
Physical slot machines remain the biggest source of gambling revenue, although income of $205.4 million was down 3.5% from April 2023. There were 24,890 slot machines in operation in April 2024, compared to 25,555 in April 2023. The state’s most popular location, Parx Casino, was down 4.9% to $31.6 million.

Online slot machine revenue was the second-largest sector of Pennsylvania’s gambling industry, at $126 million, up 31.8%.

Sports betting back on course
Online table games and sports betting both experienced double-digit growth, with the former up 15.8% to $45 million.

Sports betting revenue increased 14.5% to $42.4 million after two consecutive months of year-over-year decreases. Total sports betting wagering was $646 million, up 12.9% year-over-year.

The collaboration between Valley Forge Casino Resort and FanDuel has catapulted them to the pinnacle of Pennsylvania’s sports betting landscape. They’ve garnered a staggering $25.4 million, a figure that dwarfs the second-place contender, FanDuel’s Hollywood Casino at the Meadows, by nearly a threefold margin.

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By admin

This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.

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