{"id":1579897,"date":"2024-05-01T08:51:30","date_gmt":"2024-05-01T12:51:30","guid":{"rendered":"https:\/\/sports7.us\/?p=1579897"},"modified":"2024-05-01T08:51:30","modified_gmt":"2024-05-01T12:51:30","slug":"the-pennsylvania-gaming-industry-hit-a-new-record-high-revenue-in-march-with-554-6-million","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/the-pennsylvania-gaming-industry-hit-a-new-record-high-revenue-in-march-with-554-6-million\/","title":{"rendered":"The Pennsylvania Gaming Industry hit a new record-high revenue in March with $554.6 million"},"content":{"rendered":"

For the second time in three months, Pennsylvania has set a new record for revenue made in a single month. Their gaming industry is beyond thriving and is one of the best in a highly competitive market. In March, the state reached $554.6 million in income collected. This comes from <\/span>brick-and-mortar casinos, iGaming, retail and online sports betting, video gaming terminals, and fantasy sports.\u00a0<\/span><\/p>\n

These figures were released by the Pennsylvania Controlling Game Board (PCGB) on Wednesday. Last month, the state made $534.2 million in income collected. In total, it\u2019s a (7.6%) increase from March of 2023. Proving that the gaming industry in Pennsylvania is thriving and is here to stay.\u00a0<\/span><\/p>\n

Breaking down where all the revenue came from for Pennsylvania in March<\/b><\/h2>\n

In the Keystone State, online gaming income saw strong growth with a total of $191.1 million. Online table games generated $53.1 million. That\u2019s\u00a0 (32.1%) increase from March of 2023. Pennsylvania\u2019s online slots generated a revenue of $135.5 million and a (29.3%) increase compared to the previous year. From all online gaming provided in Pennsylvania, that was nearly a (30%) increase annually.\u00a0<\/span><\/p>\n

The Hollywood Casino at Penn National Race Course in Grantsville, Pennsylvania had the most income of any casino in the state. They made $88.2 million in gaming income. An (8.9%) increase from the previous year. Second in gaming income was the Valley Forge Casino Respirt with $88.0 million, just shy of the Hollywood Casino. Wrapping up in third was the Parx Casino with $59.5 million. A slight (1.5%) decline from 2023.\u00a0<\/span><\/p>\n

Hollywood Casino in Grantsville was also the leader in online gaming income with $72.3 million. That\u2019s a (16.0%) increase. Next was the Valley Forge Casino with $50.8 million. Taking a massive (59.7%) increase. Rivers Casino in Philadelphia totaled $32.7 million which was down (2.4%). In total, that a (27%) surge in online gaming over the last calendar year for Pennsuylvania\u2019s gaming industry.<\/span><\/p>\n

Sports wagering income played a big role in the overall success of Pennsylvania during March<\/h2>\n

Valley Forge Casino Resort collected $24,3 million from a sports betting handle of $333.2 million. Next was the Hollywood Casino at the Meadowlands with $10.7 million in income from from a sports betting handle of $209.2 million. Finally, the Hollywood Casino at Morgantown made $1.7 million from a sports betting handle of $51.9 million. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

For the second time in three months, Pennsylvania has set a new record for revenue made in a single month. Their gaming industry is beyond thriving and is one of the best in a highly competitive market. In March, the state reached $554.6 million in income collected. This comes from brick-and-mortar casinos, iGaming, retail and […]<\/p>\n","protected":false},"author":304,"featured_media":1579900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[],"acf":[],"yoast_head":"\nPennsylvania hit a record-high $554.6 million in revenue<\/title>\n<meta name=\"description\" content=\"How was the Pennsylvania gaming industry able to make a record-high revenue of $554.6 million in March 2024?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sports7.us\/news\/the-pennsylvania-gaming-industry-hit-a-new-record-high-revenue-in-march-with-554-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania hit a record-high 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