Hollywood Casino at Penn National generated a state-high $80,928,428 in total revenue in March 2023 as monthly Pennsylvania gaming revenue exceeded a half billion dollars for the first time.
The Pennsylvania Gaming Control Board (PGCB) reported Tuesday that the combined total revenue generated from all forms of gaming, together with fantasy contests in March 2023 was $515,278,831. The total represented an increase of 11.35% over the $462,740,098 in revenue generated in March 2022.
The March 2023 monthly revenue amount exceeded the half billion mark for the first time since gambling was legalized in 2006.
Slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs) are the sources of gaming revenue regulated by the PGCB.
“After a slower month of February, Pennsylvania sportsbooks saw plenty of betting action again in March, recording more than $723.5 million in handle last month,” said in a statement.
“March Madness betting has played a role in getting sports betting figures back to where they were during the NFL season. March’s handle was up around $124 million from February and increased about 1.2% compared to March 2022.”
Hollywood Casino at Penn National’s total revenue in March increased by 27.02% over the $63,711,802 generated in March 2022.
Also in central Pennsylvania, Hollywood Casino Morgantown generated $9,472,589 in revenue in March 2023, Hollywood Casino York $9,390,319, and Parx Shippensburg $3,065,542. In the Lehigh Valley, Wind Creek in Bethlehem generated $47,247,055 in revenue in March 2023.
According to the PGCB, March’s revenue from slot machines was $225,408,088, a 4.98% increase in revenue over the $214,721,028 from March 2022.
Retail Table games revenue for March 2023 decreased, with revenue of $85,880,299 indicating a drop of 8.91% from March 2022 when revenue was $94,280,351.
March 2023 saw casino games deliver online generated gross revenue that showed an increase of 25.46%, $148,189,028 compared to $118,118,408 in March 2022.
The total sports wagering handle in March 2023 increased to $723,545,806, a 1.20% rise above the $714,976,578 from March 2022 total. The taxable revenue figure for March 2023 of $50,645,259 represented a 66.59% higher than the March 2022 revenue of $30,400,581.
Imperiale said Pennsylvania online casinos continue to set records within the country.
“In March, they once again posted a new all-time, all-market US iGaming record by producing $181.5 million in monthly revenue. The incredible showing overshadowed their previous best from December 2022 (166.9 million) by around 8.8%, growing about 27.2% year-over-year,” he said.
“This latest record month helped push the state past the $500 billion mark in monthly revenue from all forms of March gambling. This is the first time Pennsylvania has exceeded this number.”