Pennsylvania July Gaming Revenue Soars Thanks to 31% YoY iGaming Growth

The Pennsylvania Gaming Control Board announced that the state’s gambling market produced $557.7 million in revenue during July, a strong 11.4 percent year-over-year increase.

The continued growth of the state’s gaming market was powered by a dominant month of iGaming, which reached $228.2 million in adjusted gross gaming revenue. That figure represented a 30.9 percent increase on the total reported at the same time one year ago.

Pennsylvania is one of just seven states that authorize online casinos. It also in April became the sixth member to join the Multi-State Internet Gaming Agreement, which allowed for intrastate poker play.

Near-unanimous improvement

The iGaming revenue total was the second-highest in a monthly period in Pennsylvania’s history, only just off the $238.2 million that was reported in March.

The state generated $103.9 million in taxes based on its standards, which differ for slot machines, table games, and peer-to-peer games.

Online slots, which produced $208.5 million in revenue (2.1 percent year-over-year increase), are charged 54 percent of their revenue; online table games, which hit $76.2 million during the period (4 percent YoY decrease), are docked 16 percent.

Peer-to-peer games, like online table games, carry a 16 percent tax rate.

Video gaming terminal earnings were down 1.1 percent YoY to $3.5 million in revenue.

Sport betting experienced a solid 5.2 percent increase, despite the year-over-year handle dropping 0.5 percent on the total reported in July 2024. Sports betting taxes resulted in $14.6 million in payments based on the 36 percent standard.

PENN dominates the market

PENN Entertainment, which included BetMGM, DraftKings, and other digital casino platforms, led all Pennsylvania licensees with $87.8 million in monthly revenue. That was a 37.2 percent YoY increase and the third-highest monthly total in the state’s history. Its total betting handle fell to a year-low $2.8 billion, though that was still a 20.2 percent YoY increase.

FanDuel Casino was next in line with $61 million in revenue (34.1 percent YoY increase)—however, its action also dropped to below $2 million as the “dead season” in sports took hold.

Rivers took home the bronze medal with $37.8 million in revenue, which marked a 26.6 percent YoY improvement. That was spearheaded by a 50.8 percent YoY surge in table games winnings.

Caesars Palace was the final operator to hit eight figures in winnings, with $10.5 million, a 10.8 percent YoY increase. 

Despite the time of the calendar, Caesars has outperformed its marks from earlier in the year, and has now produced at least $10 million in monthly revenue for five straight months.

Golden Nugget, BetParx, and Live! all hit at least $5 million in monthly revenue and all improved their YoY totals.

Bally’s and Mount Airy were held to $3.3 million and $2.8 million with four percent and 29.3 percent YoY drops, respectively.