Pennsylvania’s Online Casinos Had Record Revenue in 2022

Revenue from PA online casino gaming is already up 11% year-over-year without including December. Data show the market is growing, but at a slower pace.
Pennsylvania's Online Casinos Had Record Revenue in 2022
December 31, 2022

Pennsylvania online casino operators are on pace to have a record 2022, but the vertical’s growth rate is slowing two full years removed from the pandemic.

Data from the Pennsylvania Gaming Control Board (PGCB) show that the state’s 18 online casinos combined for a record $126.1 million in November. The vertical is up 3.3% month-over-month ($122 million) and 38.4% year-over-year ($91.1 million).

With one month of 2022 left, online casino gaming in Pennsylvania has generated nearly $1.2 billion. That’s an 11% increase from the full-year 2021, when revenue totaled $1.1 billion.

But the market’s growth rate has slowed. Revenue grew 17-fold between 2019 ($29.1 million) and 2020 ($529.3 million), but the market was only open for the last six months of 2019. The market more than doubled when it reached the $1.1 billion mark in 2021.

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December is Usually a Strong Month for Revenue

To date, December has been a solid month for online casino revenue. It was the highest month of 2019 and 2020 for revenue and fell less than $1 million short of that title for 2021, too.

The market is coming off November’s all-time record of $126.1 million. If December comes in at the same mark, full-year revenue would be $1.3 billion and up 22.6% year-over-year.

Online casino revenue continues to put up impressive numbers. The vertical broke the $1 million mark for monthly revenue just once in 2021 (in October), but this year, it has done that nine times and was less than $500k from doing so in the other two months — February and July 2022.

Hollywood Operators Stay Atop Field

Operators on the Hollywood Casino license — Barstool Casino PA, BetMGM Casino PA, and DraftKings Casino PA — have dominated the vertical since December 2020. November 2022 was no exception; the group led the vertical with a record $55.3 million in revenue. Hollywood was up 5.6% month-over-month ($52.4 million).

November was a tough month for operators on the Rivers-Philadelphia license — BetRivers Casino PA, Borgata Casino PA, and SugarHouse Casino PA. They combined for $27.4 million in revenue, down 6.2% month-over-month ($29.2 million).

Valley Forge Casino was in third place for revenue in November, according to the PGCB. Its partner operators — FanDuel Casino PA and Stardust Casino — made a record $26.5 million revenue, up 13.2% month-to-month ($23.4 million).

In November, the top three operators represented 86.6% of the online casino vertical.

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Among the smaller operators, Parx Casino’s house brand betPARX led the field with $4.8 million in revenue in November.

Operators on the Mount Airy Casino Resort license — FOX Bet and PokerStars Casino PA — followed at $3.3 million. On the Harrah’s Philadelphia Casino and Racetrack license, Caesars Casino PA had a record month with $3.2 million in revenue. Caesars was up 12.5% month-over-month ($2.8 million).

Online casino revenue for Live! Casino Philadelphia — whose operators are Betway and PlayLive! — was down 27.8% month-over-month, tumbling to $1.9 million. It was the lowest month for Live! since November 2021 ($1.5 million).

Want to get into the game? Take advantage of the latest PA online casino bonus codes to boost your bankroll and start playing!

If you or someone you know has a gambling problem and wants help, call the Virginia Council on Problem Gambling (VACPG) helpline at 1-888-532-3500

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