Press Releases
PlayColorado.com: Sportsbooks suffer first month-over-month decline in wagering
Colorado’s sports betting industry suffered its first month-over-month decline in wagering to put the state in line with a nationwide trend of falling handles, a product of February’s 28 days and the conclusion of the NFL season, according to PlayColorado, which provides news and analysis of the state’s gaming industry.
“February is a reminder that with the seasonality of sports betting, growth is never assured even in a market like Colorado” said Jessica Welman, analyst for PlayColorado. “In nearly every legal betting market, a pullback from January was expected mainly because there is nowhere near the NFL inventory of games to bet on, even with the Super Bowl. Colorado is a unique market in many ways, but ultimately it is still subject to the same sports betting dynamics as any other state.”
Colorado’s online and retail sportsbooks combined to take in $266.5 million in bets in February, according to data released Monday by the Colorado Department of Revenue’s Division of Gaming. Overall handle was down 18.5% from $326.9 million in bets in January, and the lowest monthly handle since November’s $231.2 million. Bettors placed about $9.5 million bets per day in February, down from $10.5 million in January.
Sportsbooks generated $10.4 million in gross gaming revenue, down from the record $23.1 million in January, and yielding just $175,275 in net sports betting proceeds, down from $11.7 million in January. That produced just $332,227 in state taxes.
February marks the first time since Colorado launched sports betting in May that sportsbooks failed to set a new monthly handle record for the state. Retail in particular had a rough month, generating just $7.5 million in bets. 96.9% of all bets, or $258.2 million, were made online.
Colorado is the seventh-largest market in the U.S., falling just short of Indiana’s $273.9 million. Michigan, in its first full month of sports betting, topped both states with more than $325 million in online and retail betting.
“The month-over-month growth streak was bound to be snapped, but the underlying fundamentals of the market remain strong,” said Ian St. Clair, analyst for PlayColorado. “Retail sportsbooks continue to struggle amid the pandemic, but hopefully they will rebound as we move closer to normal.”
For the second-straight month, pro basketball betting eclipsed football with $95 million in wagers, by far the most-popular bet even with the Super Bowl being played in early February. With just one game to bet on, even if it was the Super Bowl, football betting fell to $39.6 million. And table tennis ($13 million) once again drew more action than more mainstream sports like ice hockey ($9.5 million).
College basketball took in $24.2 million, which wasn’t surprising. But sportsbooks lost $3.7 million on those bets.
“Colorado’s market continues to evolve in unforeseen ways, and it goes beyond the continued popularity of table tennis,” St. Clair said. “For February, Colorado bettors did extremely well on betting on college basketball, winning almost $4 million on the sport. That is unusual for what is typically the calm before March’s college basketball storm ”
For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/revenue.
About the PlayUSA.com Network:
The PlayUSA.com Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states, PlayUSA.com and its state-focused branches (including PlayColorado.com, PlayIndiana.com, and PlayNJ.com) produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.
Latest News
Kambi Group plc signs Turnkey Sportsbook partnership with Latin American operator RedCap
New agreement will see Kambi initially power the operator’s online Betpro and Starplay brands in El Salvador and Panama, with plans for retail and additional markets in the future
Kambi Group plc, the home of premium sports betting solutions, has agreed a long-term, omni-channel sportsbook partnership with Latin American operator RedCap, further strengthening Kambi’s position as the sportsbook provider of choice in the region.
Under the terms of the agreement, RedCap’s Betpro and Starplay brands will integrate Kambi’s high-performance Turnkey Sportsbook into its proprietary player account management (PAM) platform, enabling a seamless sports betting experience. The operator will replace its current supplier with Kambi’s powerful end-to-end sports betting solution, trusted by market leaders across Latin America and beyond.
The initial rollout will see Betpro and Starplay launch Kambi’s technology across its online sportsbooks in El Salvador and Panama, with the agreement also including scope for retail provision and market expansion. Operating under a multi-brand strategy led by its flagship Betpro brand, the operator aims to leverage the strengths of Kambi’s sportsbook with its in-house technical capability and experienced industry leadership team to achieve success in each market.
Werner Becher, CEO of Kambi, said: “This partnership marks an important next step in Kambi’s Latin American growth strategy. By selecting Kambi to replace their existing provider, RedCap has shown clear confidence in our market-leading technology and ability to support scalable growth. We are excited to help them bring best-in-class sports betting experiences to players across the region.”
Oscar Henao, CEO of RedCap, added: “We are thrilled to join forces with Kambi. This agreement gives us the product and flexibility we need to compete at the highest level, offering our customers premium betting experience across all channels. With Kambi’s support, we look forward to launching in Panama and El Salvador and expanding into new markets as we execute our multi-brand strategy.”
Financial reports
PGCB Reports Record Revenue of Nearly $6.4 Billion from Legal Gambling in State Fiscal Year
The Pennsylvania Gaming Control Board (“PGCB”) today reported that revenue generated during the combined Fiscal Year 2024/2025 of gaming it regulates reached a record level of $6,394,641,819.
This figure consists of the combined revenue from casino slot machines and table games, iGaming, sports wagering, video gaming terminals (VGTs) and fantasy sports contests. The amount eclipses the previous high for revenue in a fiscal year of $5,892,516,807 achieved in 2023/2024. Pennsylvania’s Fiscal Year runs from July 1 to June 30.
The resulting tax revenue from the play of these games in Fiscal Year 2024/2025 was $2,797,395,982. That figure eclipses the previous high for tax revenue in a fiscal year achieved during 2023/2024 of approximately $2.54 billion. The estimated amounts for revenue and taxes being reported are prior to any possible adjustments by the PA Department of Revenue.
Tax revenue from the various forms of gaming regulated by the PGCB is returned to Pennsylvanians in a number of ways. These include, but are not limited to:
- school property tax reduction on an owner’s primary residence;
- state, county, and local economic development, safety and recreational projects;
- support of the agricultural industry through support of horse racing; and,
- revenue toward the Commonwealth’s General Fund.
A comparison of combined revenue is below:
|
Fiscal Year |
Slot Machine Revenue |
iGaming Revenue |
Table Games Revenue |
Sports Wagering Revenue |
VGT’s Revenue |
Fantasy Sports Contests |
Total Gaming Revenue |
|
12/13 |
$2,428,887,430 |
|
$713,107,163 |
|
|
|
$3,141,994,593 |
|
13/14 |
$2,319,890,598 |
|
$731,874,861 |
|
|
|
$3,051,765,460 |
|
14/15 |
$2,335,787,919 |
|
$779,738,065 |
|
|
|
$3,115,525,984 |
|
15/16 |
$2,388,658,549 |
|
$839,177,086 |
|
|
|
$3,227,835,635 |
|
16/17 |
$2,336,152,508 |
|
$866,518,820 |
|
|
|
$3,202,671,328 |
|
17/18 |
$2,352,320,937 |
|
$895,278,806 |
|
|
$2,349,569 |
$3,249,949,311 |
|
18/19 |
$2,378,859,341 |
|
$885,588,231 |
$21,730,113 |
|
$23,588,490 |
$3,309,766,175 |
|
19/20 |
$1,697,955,473 |
$240,894,852 |
$644,543,736 |
$113,724,759 |
$6,798,123 |
$20,868,176 |
$2,724,785,117 |
|
20/21 |
$1,887,573,437 |
$897,216,020 |
$721,763,471 |
$308,849,184 |
$31,334,744 |
$28,186,529 |
$3,874,923,386 |
|
21/22 |
$2,410,313,212 |
$1,232,309,138 |
$1,015,735,661 |
$315,716,247 |
$41,584,158 |
$27,308,976 |
$5,042,967,392 |
|
22/23 |
$2,452,239,440 |
$1,532,761,065 |
$974,018,112 |
$491,960,612 |
$42,114,593 |
$20,668,195 |
$5,513,762,017 |
|
23/24 |
$2,438,537,357 |
$1,949,017,248 |
$958,027,818 |
$486,566,429 |
$41,105,387 |
$19,262,568 |
$5,892,516,807 |
|
24/25 |
$2,440,474,767 |
$2,477,083,825 |
$928,915,940 |
$487,639,844 |
$41,392,843 |
$19,134,601 |
$6,394,641,819 |
Retail Slot Machine Revenue
Fiscal Year 2024/25 gross revenue from slot machines at the casinos was $2,440,474,767, a 0.08% increase in revenue when compared to the $2,438,537,357 generated in Fiscal Year 2023/24.
Slot machine revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows:
|
Retail Slot Machine Revenue by Operator |
Slot Machine Revenue FY2024/25 |
Slot Machine Revenue FY2023/24 |
% Change |
|
Parx Casino |
$377,741,868 |
$377,032,792 |
0.19% |
|
Wind Creek Bethlehem |
$281,813,834 |
$284,307,219 |
-0.88% |
|
Rivers Casino Pittsburgh |
$259,376,552 |
$265,520,300 |
-2.31% |
|
Mohegan Pennsylvania |
$175,512,043 |
$178,826,406 |
-1.85% |
|
Hollywood Casino at the Meadows |
$165,364,220 |
$162,709,117 |
1.63% |
|
Mount Airy Casino Resort |
$153,287,514 |
$155,143,779 |
-1.20% |
|
Live! Casino Philadelphia |
$152,124,613 |
$144,926,580 |
4.97% |
|
Rivers Casino Philadelphia |
$137,486,000 |
$133,819,461 |
2.74% |
|
Hollywood Casino at Penn National Race Course |
$134,995,246 |
$137,320,744 |
-1.69% |
|
Harrah’s Philadelphia |
$105,042,096 |
$109,918,495 |
-4.44% |
|
Valley Forge Casino Resort |
$103,226,169 |
$103,889,859 |
-0.64% |
|
Live! Casino Pittsburgh |
$99,739,181 |
$99,808,958 |
-0.07% |
|
Presque Isle Downs and Casino |
$85,948,165 |
$89,925,305 |
-4.42% |
|
Hollywood Casino York |
$85,268,464 |
$80,121,662 |
6.42% |
|
Hollywood Casino Morgantown |
$61,408,784 |
$59,013,269 |
4.06% |
|
Parx Shippensburg |
$36,866,401 |
$34,471,430 |
6.95% |
|
The Casino at Nemacolin |
$25,273,617 |
$21,781,982 |
16.03% |
|
Statewide Total |
$2,440,474,767 |
$2,438,537,357 |
0.08% |
Tax revenue from the play of slots machines in Fiscal Year 2024/25, including mandated fees paid by some operators, amounted to $1,343,013,822.
Retail Table Games Revenue
Fiscal Year 2024/25 gross revenue from table games at the casinos was $928,915,940, a 3.04% decrease in revenue when compared to the $958,027,818 generated in Fiscal Year 2023/24.
Table games revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows:
|
Retail Table Games Revenue by Operator |
Table Games Revenue FY2024/25 |
Table Games Revenue FY2023/24 |
% Change |
|
Wind Creek Bethlehem |
$248,027,460 |
$252,200,606 |
-1.65% |
|
Parx Casino |
$196,413,495 |
$199,049,817 |
-1.32% |
|
Live! Casino Philadelphia |
$104,163,224 |
$107,817,308 |
-3.39% |
|
Rivers Casino Philadelphia |
$82,091,166 |
$86,998,189 |
-5.64% |
|
Rivers Casino Pittsburgh |
$73,919,682 |
$79,129,580 |
-6.58% |
|
Valley Forge Casino Resort |
$37,167,593 |
$33,693,962 |
10.31% |
|
Mount Airy Casino Resort |
$35,514,513 |
$34,636,221 |
2.54% |
|
Mohegan Pennsylvania |
$28,386,495 |
$27,999,899 |
1.38% |
|
Hollywood Casino at Penn National Race Course |
$24,867,554 |
$24,576,944 |
1.18% |
|
Harrah’s Philadelphia Casino |
$22,172,289 |
$26,708,238 |
-16.98% |
|
Hollywood Casino at the Meadows |
$21,931,051 |
$28,181,270 |
-22.18% |
|
Live! Casino Pittsburgh |
$14,750,775 |
$15,535,302 |
-5.05% |
|
Hollywood Casino York |
$13,612,400 |
$15,918,424 |
-14.49% |
|
Presque Isle Downs and Casino |
$12,364,452 |
$13,038,895 |
-5.17% |
|
Hollywood Casino Morgantown |
$10,207,462 |
$9,272,263 |
10.09% |
|
The Casino at Nemacolin |
$2,552,301 |
$2,377,478 |
7.35% |
|
Parx Shippensburg |
$774,029 |
$893,423 |
-13.36% |
|
Statewide Total |
$928,915,940 |
$958,027,818 |
-3.04% |
Tax revenue from the play of table games in Fiscal Year 2024/25 was $154,879,545.
Internet Casino-Type Gaming (iGaming) Revenue
Fiscal Year 2024/25 revenue from iGaming was $2,477,083,825, a 27.09% increase in revenue when compared to the $1,949,017,248 generated in Fiscal Year 2023/24. This revenue amount is a high mark for a fiscal year.
|
Operator |
FY2024/25 |
FY2023/24 |
% Change |
|
Hollywood Casino at Penn National Race Course |
$935,823,045 |
$751,177,422 |
24.58% |
|
Valley Forge Casino Resort |
$675,170,190 |
$482,491,457 |
39.93% |
|
Rivers Casino Philadelphia |
$411,718,444 |
$356,647,653 |
15.44% |
|
Harrah’s Philadelphia |
$115,994,074 |
$102,020,334 |
13.70% |
|
Golden Nugget |
$79,696,001 |
$39,281,525 |
102.88% |
|
Parx Casino |
$58,964,411 |
$58,835,932 |
0.22% |
|
Live! Casino Philadelphia |
$54,177,983 |
$39,973,190 |
35.54% |
|
Mount Airy Casino Resort |
$42,559,169 |
$46,187,631 |
-7.86% |
|
Bally’s Pennsylvania |
$41,566,491 |
$32,518,516 |
27.82% |
|
Presque Isle Downs and Casino |
$23,128,408 |
n/a |
n/a |
|
Mohegan Pennsylvania |
$20,183,159 |
$17,081,366 |
18.16% |
|
Wind Creek Bethlehem |
$18,102,450 |
$22,802,222 |
-20.61% |
|
Statewide Total |
$2,477,083,825 |
$1,949,017,248 |
27.09% |
Tax revenue from iGaming in Fiscal Year 2024/25 was $1,099,557,803.
Sports Wagering Revenue
Fiscal Year 2024/25 revenue from sports wagering was $487,639,844, a 0.22% decrease in revenue when compared to the $486,566,429 generated in Fiscal Year 2023/24. At the same time, the sports wagering handle increased between the two fiscal years from $8,169,540,520 to $8,721,795,533.
Sports wagering revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows:
|
Sports Wagering Revenue by Operator |
Sports Wagering Revenue FY2024/25 |
Sports Wagering Revenue FY2023/24 |
% Change |
|
Valley Forge Casino Resort |
$250,290,144 |
$249,370,325 |
0.37% |
|
Hollywood Casino at the Meadows |
$131,189,196 |
$137,139,171 |
-4.34% |
|
Hollywood Casino Morgantown |
$19,991,392 |
$21,196,614 |
-5.69% |
|
Hollywood Casino at Penn National Race Course |
$16,995,365 |
$4,701,217 |
261.51% |
|
Rivers Casino Pittsburgh |
$14,869,925 |
$16,901,149 |
-12.02% |
|
Parx Casino |
$12,466,404 |
$16,833,893 |
-25.94% |
|
Hollywood Casino York |
$10,753,708 |
$6,102,831 |
76.21% |
|
Harrah’s Philadelphia |
$9,983,926 |
$8,362,280 |
19.39% |
|
Rivers Casino Philadelphia |
$9,215,349 |
$8,289,394 |
11.17% |
|
Live! Casino Philadelphia |
$5,326,723 |
$6,331,196 |
-15.87% |
|
Presque Isle Downs and Casino |
$1,788,457 |
$1,043,731 |
71.35% |
|
Live! Casino Pittsburgh |
$1,518,356 |
$1,609,231 |
-5.65% |
|
Mohegan Sun Lehigh Valley |
$1,076,750 |
$1,397,927 |
-22.98% |
|
Mohegan Pennsylvania |
$973,182 |
$3,271,401 |
-70.25% |
|
Wind Creek Bethlehem |
$489,195 |
$1,072,775 |
-54.40% |
|
Mount Airy Casino Resort |
$357,192 |
$704,580 |
-49.30% |
|
South Philly Race & Sportsbook |
$250,878 |
$2,038,030 |
-87.69% |
|
Parx Shippensburg |
$103,704 |
$109,718 |
-5.48% |
|
Parx Malvern |
n/a |
$90,967 |
n/a |
|
Statewide Total |
$487,639,844 |
$486,566,429 |
0.22% |
Tax revenue from Sports Wagering in Fiscal Year 2024/25 was $175,550,344.
Video Gaming Terminals
Fiscal Year 2024/25 revenue for Video Gaming Terminals at Truck Stops was $41,392,843, a 0.70% increase when compared to the $41,105,387 in Fiscal Year 2023/24. At the end of this fiscal year, there were 75 VGT facilities operating in Pennsylvania compared to 74 facilities in operation at the end of Fiscal Year 2023/2024.
VGT revenue for each of the providers, with the percentage change reflected over the previous year, is as follows:
|
VGT Terminal Operator |
VGT Revenue FY2024/25 |
VGT Revenue FY2023/24 |
% Change |
|
Marquee by Penn1 |
$27,567,893 |
$25,876,995 |
6.53% |
|
J&J Ventures Gaming2 |
$10,410,895 |
$11,462,180 |
-9.17% |
|
Jango Entertainment3 |
$3,250,748 |
$3,419,612 |
-4.94% |
|
Venture Gaming LLC4 |
$109,734 |
$266,424 |
-58.81% |
|
Accel Entertainment Gaming5 |
$53,573 |
$80,177 |
-33.18% |
|
Statewide Total |
$41,392,843 |
$41,105,387 |
0.70% |
Tax revenue from VGTs in Fiscal Year 2024/25 was $21,524,278.
Fantasy Contests Revenue
Fiscal Year 2024/25 revenue from fantasy contests was $19,134,601, a 0.66% decrease in revenue when compared to the $19,262,568 generated in Fiscal Year 2023/24.
Fantasy contests revenue for each of the providers, with the percentage change reflected over the previous year, is as follows:
|
Fantasy Contests Operator |
Fantasy Revenue FY2024/25 |
Fantasy Revenue FY2023/24 |
% Change |
|
DraftKings |
$13,359,018 |
$13,585,594 |
-1.67% |
|
FanDuel |
$3,291,034 |
$3,685,166 |
-10.70% |
|
UnderDog Sports |
$1,900,354 |
$1,306,281 |
45.48% |
|
Fantasy Football Players Championship |
$255,652 |
$292,287 |
-12.53% |
|
Yahoo Fantasy Sports |
$152,853 |
$219,313 |
-30.30% |
|
Sportshub Technologies |
$72,239 |
$72,931 |
-0.95% |
|
Fantasy Sports Gaming, LLC |
$67,624 |
$69,398 |
-2.56% |
|
DataForce |
$38,216 |
$35,986 |
6.20% |
|
Jock MKT |
$0 |
-$131 |
-100.00% |
|
OwnersBox |
-$2,389 |
-$4,257 |
-43.88% |
|
Statewide Total |
$19,134,601 |
$19,262,568 |
-0.66% |
Tax revenue from Fantasy Contests in Fiscal Year 2024/25 was $2,870,190.
The 2025 WSOP sets unprecedented benchmarks across entries, prize money, and payouts, solidifying its status as the pinnacle of live tournament poker
After eight weeks of thrilling competition, the 56th annual World Series of Poker (WSOP®) at the Paris Las Vegas and Horseshoe Las Vegas officially concluded on July 16. The 2025 series has once again redefined live tournament poker, shattering multiple all-time records and further cementing its legendary status.
“The poker renaissance was on full display at the 2025 WSOP,” said Ty Stewart, Chief Executive Officer of WSOP. “If you missed the amazing action, the good news is that you can inevitably expect bigger and better next year. A sincere thank you to every player and staffer who came to Las Vegas and made this a summer to remember.”
The action-packed summer on the Las Vegas Strip featured appearances from a host of celebrities and poker legends, all vying for poker’s most coveted prize: the WSOP gold bracelet. In addition to the strong turnout, the 2025 WSOP will be remembered for the launch of the revolutionary WSOP+ app, which virtually eliminated registration lines throughout the summer and greatly enhanced the WSOP experience for the entire playing community.
2025 WSOP By the Numbers – A Historic Summer
This year’s WSOP delivered staggering figures, setting several new all-time records across the board:
-
246,960 entries – The most all-time entries for a single WSOP series
-
$481,761,879 – The largest total prize money awarded in WSOP history
-
37,311 places paid – The highest number of unique payouts in series history
-
43 – The number of $1M+ prizes won across the 2025 series
-
Event #53: Millionaire Maker No-Limit Hold’em attracted 11,996 entries, setting a new record for the largest $1,500 buy-in field in live tournament poker history
-
Event #89: Mid-Stakes Championship No-Limit Hold’em saw 3,797 entries, becoming the largest $3,000 buy-in field ever
-
Event #86: Mystery Bounty Pot-Limit Omaha drew 5,284 entries, establishing itself as the largest PLO field in live tournament poker history
-
57 events exceeded $2+ million prize pools – An all-time record for the series
-
9 events exceeded $10+ million prize pools – An all-time record for the series
Although this year’s summer tournament is over, the excitement continues with the WSOP Circuit (WSOP-C) 2025 Season Part 2 already underway, and the return of WSOP Paradise this winter in the Bahamas from Dec. 4 to 18. Additionally, WSOP Europe (WSOP-E) runs from Sept. 12 to Oct. 8, with the WSOP-E Main Event beginning on Oct. 3.
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