Pennsylvania’s gaming sector achieved a remarkable milestone in the 2024/25 fiscal year, accumulating an unprecedented gross revenue of approximately $6.4 billion, according to the Pennsylvania Gaming Control Board (PGCB) announcement last week.
This revenue total of $6.39 billion for the year ending June 30 represents a significant 8.5% rise from the prior record of $5.89 billion established in the 2023-24 period. The aggregate includes various gambling activities overseen by the PGCB, such as casino slot machines, table games, iGaming, sports betting, video gaming terminals (VGTs), and fantasy sports competitions.
The revenue increase also resulted in an all-time high in gaming tax revenue, with the state raising around $2.79 billion, an increase from $2.54 billion the previous year. These funds are allocated to initiatives including school property tax relief, economic growth, horse racing support, and contributions to Pennsylvania’s General Fund.
Online gaming was the most substantial driver of this growth, generating $2.47 billion in revenue, a remarkable increase of 27.09% compared to the previous year. Hollywood Casino at Penn National Race Course led all iGaming providers with $935.8 million in revenue, closely followed by Valley Forge Casino Resort at $675.2 million.
Tax revenue generated from iGaming alone hit over $1.09 billion, marking a record high.
Revenue from retail slot machines, the largest category, remained relatively stable year-over-year, rising by just 0.08% to $2.44 billion. Parx Casino led the market with $377.7 million in slot revenues, while The Casino at Nemacolin showcased the highest percentage increase at 16.0% from the previous year.
Table game revenue saw a decline of 3.0%, totaling $928.9 million. Wind Creek Bethlehem and Parx Casino continued to be the leading earners, albeit with slight decreases from the prior year.
Sports betting brought in $487.6 million in revenue, a minor decrease of 0.22% from last year, despite total wagers increasing from $8.17 billion to $8.72 billion. Valley Forge Casino Resort, in partnership with FanDuel, controlled more than half of the state’s sports wagering revenue, with $250.3 million.
Revenue from video gaming terminals situated at truck stops rose by 0.70% to $41.4 million, with 75 VGT locations operational statewide by the end of the fiscal year. Marquee by Penn led in VGT revenue with $27.6 million.
Fantasy sports contests experienced a slight decline, generating $19.1 million in revenue, down 0.66% from the previous year. DraftKings and FanDuel accounted for most of this revenue, although both recorded minor decreases.
Since the legalization of casino gambling in Pennsylvania in 2006, total gaming revenue has consistently increased, accelerating significantly with the recent expansion into online and sports betting markets. The fiscal year 2024-25 marks the fourth consecutive year of revenue growth across the state’s regulated gaming sectors.