Pennsylvania’s iGaming market revenue in February 2024 reached a record 185 million

The Pennsylvania Gaming Control Board (PGCB) reported a record month of revenue in the iGaming sector. At the end of February 2024, the amount amount amounted to about $185 million (over 17 billion rubles) with an annual growth of 40%.

According to PGCB, the new monthly maximum was set thanks to the success of multi-platform PENN National, which includes such popular online brands as DraftKings and BetMGM. In February 2024, PENN generated $77.3 million (RUB 7.14 billion), a 36% improvement on a year ago.

The state recorded $51.1 million (4.7 billion rubles) in tax revenues from the iGaming industry. This is the first time Pennsylvania has received more than $50 million (4.62 billion rubles). Including January taxes, total receipts reached $94 million (8.7 billion rubles), an increase of $20 million (1.85 billion rubles) over last year’s total.

Total state gaming revenue for February exceeded the mark of 499 million dollars (46.1 billion rubles), and the growth compared to the same month of 2023 amounted to 9.3%. Nevertheless, the figure is 1.6% lower than in January. The largest source of revenue remains slot machines in land-based casinos – 202.7 million dollars (18.73 billion rubles).

In February, traditional gambling establishments earned a total of $279.4 million (25.8 billion rubles), which is 0.7% more than last year. Of the state’s 18 casinos, nine recorded revenues of at least $10 million (924 million rubles).

The sports betting market showed a 30% decrease compared to February 2023. The revenue amounted to 30 million dollars (2.77 billion rubles). A potential reason for the decline was the tightening of requirements for advertising of bookmaker offices by the regulator.

Note: Wynn and Encore were recognized as the best casinos in Las Vegas by Travel + Leisure.


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