Record Sports Betting Fuels Pennsylvania Gambling Revenue
HighlightsÂ
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The total revenue from gambling reached $623.1 million, marking an all-time high in November, with sports betting leading the way.
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Pennsylvania sportsbook registered $98.3 million in revenue, setting a new benchmark.Â
The Pennsylvania region reported the highest gambling revenue, totaling $623.1 million in November, with the sports betting market being the top performer. It is 3.5% ahead of the previous record that was set in May this year. It also projected a 10.8% year-over-year growth rate and is 4.4% greater than October.
According to the reports from the Pennsylvania Gaming Control Board, the growth was visible across all areas, including sports betting and iGaming, barring a slight decline in the land-based casino sector. The revenue collected from sports betting reached a new high of $98.3 million. It beat the previous record of $77.1 million in November 2024 by a substantial margin.Â
The monthly revenue of iGaming climbed 21.1% from last month to touch $242.7 million. However, this figure is 3.4% lower than the October record revenue of $251.1 million.
Lastly, land-based slots, which remained a primary source of gambling revenue at $201.2 million, have marginally fallen by 0.1% in comparison to the previous year. In November, the tax collected from the state amounted to $260.9 million.
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According to the reports from the Pennsylvania Gaming Control Board, the growth was visible across all areas, including sports betting and iGaming, barring a slight decline in the land-based casino sector. The revenue collected from sports betting reached a new high of $98.3 million. It beat the previous record of $77.1 million in November 2024 by a substantial margin.Â
The monthly revenue of iGaming climbed 21.1% from last month to touch $242.7 million. However, this figure is 3.4% lower than the October record revenue of $251.1 million.
Lastly, land-based slots, which remained a primary source of gambling revenue at $201.2 million, have marginally fallen by 0.1% in comparison to the previous year. In November, the tax collected from the state amounted to $260.9 million.
To know more, Read Here!
