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PGCB Reports Record Revenue in March 2024

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PGCB Reports Record Revenue in March 2024

 

All-time high for iGaming revenue spurs overall increase

The Pennsylvania Gaming Control Board (PGCB) reported  that the combined total revenue generated from all forms of gaming, along with fantasy contests, during March 2024 was $554,625,294, an all-time monthly high eclipsing the previous high revenue month of December 2023 of $534,215,808.

The March revenue figure was also a 7.64% increase over the $515,278,831 revenue figure of last March.

Internet Casino-Type Gaming (iGaming) continued to be the driver for the overall growth with a 28.95% increase in revenue generated in March 2024 over March 2023.

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Sources of gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). The PGCB has posted separate reports for these types of gaming on its website, https://gamingcontrolboard.pa.gov/.

Total tax revenue generated collectively through all forms of gaming and fantasy contests was $229,566,989* during March 2024.

The following chart compiles all revenue generated in March 2024 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in March 2023.

Source March 2024
Total Revenue
March 2023
Total Revenue
% Change
Hollywood Casino at Penn National Race Course $88,176,795 $80,928,428 8.96%
Valley Forge Casino Resort $88,008,949 $68,510,263 28.46%
Parx Casino $59,491,008 $60,440,432 -1.57%
Rivers Casino Philadelphia $54,510,221 $53,461,999 1.96%
Wind Creek Bethlehem $49,982,144 $47,247,055 5.79%
Rivers Casino Pittsburgh $34,094,794 $35,491,060 -3.93%
Live! Casino Philadelphia $27,917,692 $26,546,348 5.17%
Hollywood Casino at the Meadows $27,542,944 $31,196,409 -11.71%
Harrah’s Philadelphia $24,555,270 $20,012,094 22.70%
Mohegan Pennsylvania $21,220,683 $21,323,198 -0.48%
Mount Airy Casino Resort $20,894,658 $21,718,881 -3.79%
Live! Casino Pittsburgh $10,982,199 $10,529,738 4.30%
Hollywood Casino York $10,247,946 $9,390,319 9.13%
Presque Isle Downs and Casino $9,447,528 $9,144,781 3.31%
Hollywood Casino Morgantown $8,688,527 $9,472,589 -8.28%
Golden Nugget $4,467,658 n/a n/a
Parx Shippensburg $3,950,153 $3,065,542 28.86%
Video Gaming Terminals $3,739,380 $3,757,506 -0.48%
Bally’s Pennsylvania $3,571,292 n/a n/a
The Casino at Nemacolin $2,031,471 $1,643,538 23.60%
Fantasy Contests $1,103,979 $1,398,651 -21.07%
Statewide Total $554,625,294 $515,278,831 7.64%

March Revenue by Game Type

The PGCB is also providing a synopsis of revenue year-over-year by types of games:

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Type of Gaming Revenue March 2024 March 2023 % Change
Retail Slots Revenue $227,891,331 $225,408,088 1.10%
iGaming Slot Revenue $135,519,554 $104,827,884 29.28%
Retail Tables Revenue $85,222,921 $85,880,299 -0.77%
iGaming Tables Revenue $53,091,910 $40,471,434 31.18%
Sports Wagering Revenue $45,581,570 $50,645,259 -10.00%
Video Gaming Terminals Revenue $3,739,380 $3,757,506 -0.48%
iGaming Poker Revenue $2,474,651 $2,889,710 -14.36%
Fantasy Contests Revenue $1,103,979 $1,398,651 -21.07%
Total Gaming Revenue $554,625,294 $515,278,831 7.64%

Retail Slot Machine Revenue

This March’s revenue from the play of retail slot machines was $227,891,331, a 1.10% increase in revenue when compared to the $225,408,088 generated in March 2023.

The number of slot machines in operation in March 2024 was 24,886 compared to 25,643 at the casinos in March 2023.

Slot machine revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows:

Casino March 2024 
Slots Revenue
March 2023 Slots Revenue % Change
Parx Casino $34,287,431 $35,132,544 -2.41%
Wind Creek Bethlehem $27,401,508 $24,952,451 9.81%
Rivers Casino Pittsburgh $25,245,164 $24,914,181 1.33%
Mohegan Pennsylvania $16,290,061 $16,497,467 -1.26%
Hollywood Casino at the Meadows $15,007,905 $15,719,771 -4.53%
Live! Casino Philadelphia $14,389,350 $13,063,698 10.15%
Mount Airy Casino Resort $13,658,998 $12,877,395 6.07%
Hollywood Casino at Penn National Race Course $12,774,661 $13,876,054 -7.94%
Rivers Casino Philadelphia $12,228,305 $13,140,061 -6.94%
Harrah’s Philadelphia $10,023,622 $11,429,140 -12.30%
Valley Forge Casino Resort $9,831,979 $9,902,697 -0.71%
Live! Casino Pittsburgh $9,344,667 $8,938,923 4.54%
Presque Isle Downs and Casino $8,176,517 $8,091,267 1.05%
Hollywood Casino York $7,776,133 $7,136,738 8.96%
Hollywood Casino Morgantown $5,773,193 $5,356,662 7.78%
Parx Shippensburg $3,841,602 $2,903,476 32.31%
The Casino at Nemacolin $1,840,233 $1,475,563 24.71%
Statewide Total $227,891,331 $225,408,088 1.10%

Tax revenue from the play of slots machines in March 2024 was $114,998,778*.

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Retail Table Games Revenue

Retail Table games revenue for March 2024 was $85,222,921, an decrease of 0.77% from March 2023 when revenue was $85,880,299.

Table games revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows.

Casino March 2024 Table 
Games Revenue
March 2023 Table Games Revenue % Change
Wind Creek Bethlehem $20,365,497 $19,972,721 1.97%
Parx Casino $18,570,562 $17,802,035 4.32%
Live! Casino Philadelphia $9,320,905 $9,001,914 3.54%
Rivers Casino Philadelphia $8,933,702 $8,229,283 8.56%
Rivers Casino Pittsburgh $7,347,017 $8,540,581 -13.98%
Mohegan Pennsylvania $3,286,889 $2,702,823 21.61%
Valley Forge Casino Resort $2,992,253 $2,904,805 3.01%
Mount Airy Casino Resort $2,866,979 $2,988,812 -4.08%
Harrah’s Philadelphia $2,534,802 $2,507,003 1.11%
Hollywood Casino at the Meadows $1,801,394 $3,166,496 -43.11%
Live! Casino Pittsburgh $1,542,583 $1,501,829 2.71%
Hollywood Casino at Penn National Race Course $1,469,859 $2,603,090 -43.53%
Hollywood Casino York $1,462,783 $1,621,802 -9.81%
Presque Isle Downs and Casino $1,270,216 $910,855 39.45%
Hollywood Casino Morgantown $1,159,068 $1,102,544 5.13%
The Casino at Nemacolin $191,239 $167,975 13.85%
Parx Shippensburg $107,174 $155,732 -31.18%
Statewide Total $85,222,921 $85,880,299 -0.77%

Total tax revenue from table games play during March 2024 was $13,986,818*.

Internet Casino-Type Gaming (iGaming) Revenue

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Casino games offered online generated monthly gross revenue totaling $191,086,114 during March 2024 compared to $148,189,028 in March 2023, an increase of 28.95%.

A breakdown of revenue of casino games offered online is as follows:

Casino Operator iSlots
Revenue
iTables Revenue iPoker Revenue Total iGaming Revenue
Hollywood Casino at Penn National Race Course $49,238,553 $22,628,019 $419,798 $72,286,369
Valley Forge Casino Resort $31,109,941 $19,720,485   $50,830,426
Rivers Casino Philadelphia $28,583,057 $4,045,190 $130,992 $32,759,238
Harrah’s Philadelphia $7,825,763 $2,020,472 $555,982 $10,402,217
Parx Casino $4,272,694 $1,404,171   $5,676,865
Golden Nugget $3,971,467 $496,192   $4,467,658
Mount Airy Casino Resort $2,002,914 $941,986 $1,367,879 $4,312,779
Bally’s Pennsylvania $3,034,348 $536,944   $3,571,292
Live! Casino Philadelphia $2,680,330 $820,838   $3,501,168
Wind Creek Bethlehem $1,775,903 $311,386   $2,087,290
Mohegan Pennsylvania $1,024,584 $166,226   $1,190,810
Statewide Total $135,519,554 $53,091,910 $2,474,651 $191,086,114

Tax revenue generated from internet gaming play during March 2024 was $82,061,953*.

Total iGaming revenue for each of the casinos during March 2024 and March 2023, if applicable, is as follows:

Operator March 2024
iGaming Revenue
March 2023
iGaming Revenue
% Change
Hollywood Casino at Penn National Race Course $72,286,369 $62,302,880 16.02%
Valley Forge Casino Resort $50,830,426 $31,817,902 59.75%
Rivers Casino Philadelphia $32,759,238 $30,548,308 7.24%
Harrah’s Philadelphia $10,402,217 $4,881,138 113.11%
Parx Casino $5,676,865 $5,644,943 0.57%
Golden Nugget $4,467,658 n/a n/a
Mount Airy Casino Resort $4,312,779 $5,186,941 -16.85%
Bally’s Pennsylvania $3,571,292 n/a n/a
Live! Casino Philadelphia $3,501,168 $3,997,450 -12.41%
Wind Creek Bethlehem $2,087,290 $2,089,618 -0.11%
Mohegan Pennsylvania $1,190,810 $1,719,849 -30.76%
Statewide Total $191,086,114 $148,189,028 28.95%

Sports Wagering Revenue

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March 2024, total sports wagering handle was $800,718,332 or 10.67% above the March 2023 total of $723,545,806.

At the same time, the taxable revenue figure for March 2024 was $45,581,570, or 10.00% lower when compared to March 2023, when taxable revenue was $50,645,259.

March 2024 sports wagering total handle and revenue is as follows:

Casino Operator Total
Handle3
Retail
Revenue
Online Revenue Total Revenue
Valley Forge Casino Resort $333,189,800 $180,705 $24,173,585 $24,354,291
Hollywood Casino at the Meadows $209,222,648 $172,046 $10,561,598 $10,733,645
Hollywood Casino Morgantown $51,939,662 $207,969 $1,548,298 $1,756,267
Hollywood Casino at Penn National $54,637,036 $235,449 $1,410,457 $1,645,905
Harrah’s Philadelphia $33,433,001 $152,439 $1,442,191 $1,594,630
Rivers Casino Pittsburgh $30,114,208 $375,556 $1,127,058 $1,502,613
Hollywood Casino York $31,934,997 $238,386 $770,643 $1,009,030
Parx Casino $16,666,192 $164,481 $674,680 $839,160
Live! Casino Philadelphia $8,199,239 $661,927 $44,343 $706,269
Rivers Casino Philadelphia $19,501,294 $233,432 $355,544 $588,976
Mohegan Pennsylvania $5,376,276 $133,320 $153,668 $286,988
Mohegan Lehigh Valley2 $1,359,066 $165,935 $0 $165,935
Wind Creek Bethlehem $1,348,188 $57,763 $70,087 $127,850
South Philly Race & Sportsbook1 $1,209,576 $116,990 $0 $116,990
Live! Casino Pittsburgh $1,160,917 $94,949 $0 $94,949
Mount Airy Casino Resort $470,131 $55,902 $0 $55,902
Parx Shippensburg $65,711 $1,377 $0 $1,377
Presque Isle Downs and Casino $890,390 $795 $0 $795
Statewide Total $800,718,332 $3,249,418 $42,332,151 $45,581,570

Operated by Parx Casino
Operated by Mohegan Pennsylvania
A breakout of the handle between retail and online sportsbooks can be found on the website report. 

Sports wagering revenue for each of the casinos for March 2024 and March 2023, if applicable, is as follows:

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Operator March 2024 Sports 
Wagering Revenue
March 2023 Sports 
Wagering Revenue
% Change
Valley Forge Casino Resort $24,354,291 $23,884,858 1.97%
Hollywood Casino at the Meadows $10,733,645 $12,310,143 -12.81%
Hollywood Casino Morgantown $1,756,267 $3,013,384 -41.72%
Hollywood Casino at Penn National Race Course $1,645,905 $2,146,404 -23.32%
Harrah’s Philadelphia $1,594,630 $1,194,813 33.46%
Rivers Casino Pittsburgh $1,502,613 $2,036,298 -26.21%
Hollywood Casino York $1,009,030 $631,779 59.71%
Parx Casino $839,160 $1,582,649 -46.98%
Live! Casino Philadelphia $706,269 $483,286 46.14%
Rivers Casino Philadelphia $588,976 $1,544,347 -61.86%
Mohegan Pennsylvania $286,988 $282,584 1.56%
Mohegan Lehigh Valley2 $165,935 $120,476 37.73%
Wind Creek Bethlehem $127,850 $232,264 -44.95%
South Philly Race & Sportsbook1 $116,990 $215,950 -45.83%
Live! Casino Pittsburgh $94,949 $88,986 6.70%
Mount Airy Casino Resort $55,902 $665,733 -91.60%
Parx Shippensburg $1,377 $6,335 -78.26%
Presque Isle Downs and Casino $795 $142,659 -99.44%
Parx Malvern3 n/a $62,311 n/a
Statewide Total $45,581,570 $50,645,259 -10.00%

1Operated by Parx Casino
Operated by Mohegan Pennsylvania
3 No longer operating

Tax revenue generated from sports wagering during March 2024 was $16,409,365*.

Video Gaming Terminals

Total adjusted revenue for March 2024 for video gaming terminals (VGTs) was $3,739,380, or 0.48% lower than March 2023 when revenue was $3,757,506. By the end of March 2024, all VGT Operators offered the maximum permitted five machines at 74 qualified truck stop establishments, compared to five machines at 66 establishments at this time last year.

Truck Stop VGT adjusted revenue for each of the terminal operators during March 2024 is as follows:

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VGTs Terminal Operator March 2024 VGT Revenue March 2023 VGT Revenue % Change
Marquee by Penn1 $2,413,138 $2,239,167 7.77%
J&J Ventures Gaming2 $1,037,408 $1,162,180 -10.74%
Jango3 $241,373 $356,158 -32.23%
Venture Gaming LLC4 $41,206 n/a n/a
Accel Entertainment Gaming5 $6,255 n/a n/a
Statewide Total $3,739,380 $3,757,506 -0.48%

1 operated VGTs in 30 establishments during March 
2 operated VGTs in 29 establishments during March 
3 operated VGTs in 10 establishments during March 
4 operated VGT’s in 4 establishments during March 
5 operated VGTs in 1 establishment during March

Tax revenue collected from the play of VGTs in March 2024 was $1,944,478*.

Fantasy Contests

Fantasy Contests revenue was $1,103,979 in March 2024, a decrease of 21.07% over March 2023, when revenue was $1,398,651.

Fantasy Contests Operator March 2024 Fantasy Revenue March 2023 Fantasy Revenue % Change
DraftKings $864,567 $948,301 -8.83%
FanDuel $172,801 $387,273 -55.38%
Underdog Sports, Inc. $60,734 $49,435 22.86%
Yahoo Fantasy Sports $3,452 $5,209 -33.74%
Fantasy Sports Games LLC $2,599 $1,434 81.24%
Sportshub Technologies -$7 -$4 n/a
OwnersBox -$166 $89 n/a
Jock MKT n/a -$135 n/a
No House Advantage n/a $7,047 n/a
Statewide Total $1,103,979 $1,398,651 -21.07%

Tax revenue collected from the play of Fantasy Contests in March 2024 was $165,597*.

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*All tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

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Altenar accelerates LatAm growth with appointment of new regional Sales Manager

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Altenar accelerates LatAm growth with appointment of new regional Sales Manager

 

Frederico Caputi brings more than a decade of experience in business development, media planning and events to Brazil office

Altenar, a leading sportsbook and iGaming software provider, has grown its LatAm commercial team with the addition of new Sales Manager, Frederico Caputi.

Frederico brings more than 10 years of experience from strategic roles in sales, business development and affiliate marketing with giants such as Google and Groupon. He also holds vast iGaming and sports betting experience across a varied international landscape, equipping him to offer the deep understanding needed to win in the Brazilian market.

In this new role, Frederico will be based in Brazil and will leverage his knowledge to drive growth for Altenar by fostering relationships with sportsbook operators and partners, negotiating high-value deals and analysing the competitive LatAm landscape from within to inform business strategy.

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Altenar began strengthening its leadership team earlier this year with the appointment of Sales Director Sam Hill, who currently focuses on regions including LatAm and Europe. Frederico joins Altenar’s 500-strong employee base as the company seeks to grow its foothold across the rapidly evolving LatAm region.

Charlie Williams, Commercial Director at Altenar, said: “We are delighted to welcome Fred to Altenar at this pivotal time in the industry’s history. His strategic approach and wide-ranging experience means he will bring valuable insights and leverage his contacts to build our position in this highly competitive market.

“Along with a robust and compelling product line-up, it is our people that set us apart and by building such a strong team, we are confident we can meet the needs our operators looking to break into Brazil.”

Frederico Caputi, Sales Manager at Altenar, said: “There couldn’t be a more exciting time to join Altenar, with Brazil’s regulated market inching closer to completion. The potential for Altenar to expand its presence in Brazil and offer localised solutions tailored to the unique demands of the market is immense.

“The market’s untapped potential combined with Altenar’s strong capabilities makes this an exciting time to be involved in the iGaming sector in Brazil. I look forward to working with the wider sales team to drive unprecedented growth for Q4 and beyond.”

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PlayUZU to Launch Facundo Slot ‘Facutron’ in Mexican Market

 

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The September 9 release will mark PlayUZU’s first branded slot game with a local celebrity in the Mexican market and highlights the operator’s commitment to delivering a truly localized gaming experience to each of the markets it operates in.

Facundo, aka TV, radio host and influencer Facundo Gómez Bruera, has been a PlayUZU ambassador since 2023. A natural fit with the brand, the “Incógnito” and “Ya párate” star shares PlayUZU’s values of fun, excitement, social responsibility, and flair for doing things differently.

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Having become a household name in Spain, PlayUZU has been extending its footprint in Latin America in recent years, expanding into Buenos Aires City and preparing for imminent launches under local licenses in Peru and Brazil.

PlayUZU boasts an unparalleled games portfolio with top titles from the biggest and best game studios in the industry.

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21VIRAL, the iGaming casino and games aggregation supplier, announced that it had hired Luz Beatriz Jaramillio Serna as Sales Manager for Colombia, Central, and South America.

Christoph Härtel, CEO of 21VIRAL, said: “Our business is seeing steady growth, and our enquiry pipeline is expanding nicely. We had a great reception at the recent Caribbean Gaming Show (CGS) held in Recife, Brasil, proving that our casino and games aggregation services are in demand with operators and games studios alike. Luz has joined our growing team, with partners across Latin America at the right time and will further drive our sales, business development, and customer experience.”

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