Pennsylvania gaming revenue increases 8% in May compared to last year

Pennsylvania gaming revenue increases 8% in May compared to last year

The state’s casinos are doing better, but there is still more work to do

May seems to have been a bright month for the nation’s casino industry, and Pennsylvania was not left out of that bag. According to data recently shared by the Pennsylvania Gaming Control Board, $447.8 million was the total combined gross gaming revenue (GGR) for last month. As has been trending during the latest Americas Cardroom news, this figure again represented an 8% increase compared to what was achieved in the same period in 2021.

The figure shared by the commission includes all forms of gaming. In the case of slot machines, a year-on-year increase of 2% was evidenced after a total of $205.7 million was recorded in May, the highest revenue for that month.

For this game, Parx Casino was the top-grossing Pennsylvania establishment, with $34.3 million in May. Still, its GGR was down 9% against the property’s slot revenue last year.

Other casinos made sure they were able to contribute enough to make the overall increase in GGR a reality. Year-over-year increases include 17% at Valley Forge Casino Resort, 13% at Live! Casino Pittsburgh and 9% at Wind Creek Bethlehem.

When it comes to the highest GGR at any casino in the Keystone State, Hollywood Casino at Penn National ranked first, with a total of $62.8 million by May 2022. While its forte was not centered on casino games or slots, Hollywood Casino dominated iGaming revenue by generating $45.5 million for the month.

On the other hand, Pennsylvania’s sports betting total continued to show incredible strength, reaching $493.4 million, up 10% from what it did in May 2021. As a result, the amount of taxable revenue from May 2022 sports betting increased 26 % to $35 million.

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