Pennsylvania Gambling Revenue Sees a Decline in February
The Pennsylvania Gaming Control Board (PGCB) has announced mixed results for gambling revenue in February with downward sports betting figures leading to an overall decline in total gaming revenue for the month.
LISTEN TO THIS ARTICLE:A breakdown of the monthly figures saw Pennsylvania achieve a total gambling revenue for February 2025 of $477.3 million, which is down 9.8% from the previous month this year, and a decrease of more than 4% in a year-on-year comparison to February last year.
The main reason for this was the decline in sports betting in the state with the results showing a marked drop to revenue of $7.4 million which translates to a decrease of 75%. These figures show a consistent decline in sports betting revenues in Pennsylvania over the last three months.
When the sports betting figures are broken down between online wagering and betting at retail sportsbooks, it can be seen that retail sportsbooks in the state saw a loss of $2.9 million. While digital wagering saw the state achieve revenue figures of $10.4 million last month.
More Finance News
Online Casino Revenue Continues to Grow
In Pennsylvania, the online casino revenue for the month enjoyed an increase to $207.6 million which is a rise of 12.3%. Included in the monthly figure is a sharp rise in online slots revenue with a surge of 22.6%
The retail sector took another hit to the revenue of land-based slots at $186 million a decline of 8% in year-on-year comparison., with table games for the same period seeing a similar drop of 7% to $71 million for February. Additionally, Video gaming terminals (VGTs) in the state saw a decrease in revenue of 1.2%.
The gaming figures for Pennsylvania over consecutive months have shown that one of the consistent areas of growth has been the continued online slots revenue increase.
The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during February 2025 was $477 million, a decrease of 4.38% compared to revenue generated in February 2024.
RELATED TOPICS: Finance
Latest News
Most Read
Illegal Casinos on the Rise in Australia amid Increased Regulatory Restrictions
Mar 18, 2025Must Read
Interviews
Sweepstakes Casinos: Thriving in an Ever-Changing Industry – Interview with Attorney Stephen C. Piepgrass
Feb 17, 2025
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Pennsylvania Gambling Revenue Sees a Decline in February