written and last updated by
Sam Smith at
20 Nov 2023
Journalist, Editorial Department
The Pennsylvania gaming regulator has released the financial results for the market in October 2023. Total gaming revenue reached $483 million (approximately 42.7 billion rubles), marking a 1.4% increase from September and a 7.3% rise compared to October 2022.
Land-based slot machines accounted for nearly 40% of all gaming revenue for the month, generating $192.5 million (around 17 billion rubles). This figure represents a 3.3% decline from the previous year. Revenue from land-based table games, however, saw a 2% increase, reaching $81.5 million (over 7 billion rubles) compared to 2022.
In the realm of iGaming, total revenue from slots, table games, and poker hit $154.8 million (13.7 billion rubles). This is a 24.3% increase from October last year, although it falls short of the record $159.5 million (14.1 billion rubles) set in September 2023. The primary driver of this annual growth was a 27.2% rise in online slot revenue, which reached $109.8 million (9.7 billion rubles). Revenue from online table games also increased to $42.6 million (3.8 billion rubles), a rise of 19.4%. Poker generated $2.3 million (over 203 million rubles), down 5.8% from the previous year.
Hollywood Casino at Penn National continues to dominate the Pennsylvania market by a significant margin, with total iGaming revenue of $62.2 million (5.5 billion rubles), of which $41.9 million (3.7 billion rubles) came from slot machines. Valley Forge Casino Resort secured second place with revenue of $35.4 million (3.1 billion rubles), followed by Rivers Casino Philadelphia with $29.3 million (2.6 billion rubles).
The main catalyst for the overall growth in Pennsylvania's financial performance was sports betting. The volume of bets in October set a new record, reaching $829 million (73.3 billion rubles). Revenue from sports betting amounted to $48.2 million (4.3 billion rubles), an 18.8% increase from last year, with $43.1 million (3.8 billion rubles) coming from online wagers.
Meanwhile, Macau reported gaming tax revenues of 51.55 billion patacas from January to October.
