Pennsylvania sports betting took a bit of a sting last month.
According to official figures released by the Pennsylvania Gaming Control Board (PGCB) on Tuesday, the state’s total sports wagering handle for April was a little more than $572.82 million.
That is down 19.9% from March, when the Keystone State posted a handle of close to $715 million, due in large part to the NCAA Men’s Basketball Tournament and Villanova’s Final Four run.
April’s number was up 19.5% from last year’s April total of $479.41 million.
Online sports betting, which accounted for 93.6% of the market, posted more than $536.1 million, a decrease of 19.6% from March ($666.98 million). However, the number was up 22.1% from April 2021 ($439.07 million).
Gross sports betting revenue proved to be on the favorable side, posting $33.67 million, up 10.7% from March’s $30.4 million and up 28% from April 2021 ($26.3 million).
How the Casinos, Operators Fared
Valley Forge Casino Resort, which partners with FanDuel Sportsbook, was the runaway leader again in sports wagering with more $228.21 million in total handle and $22.82 million in total revenue from retail and online.
By comparison, Hollywood Casino at the Meadows, which has a partnership with Barstool Sports, was second in total handle with $120.35 million and total revenue (retail/online) at $3.496 million for April.
Pennsylvania has 18 operators offering sports betting, whether retail or online or both.
Total Gambling Revenue Remains High
The state almost kept pace with its record-breaking March of $462.7 million in total Pennsylvania gambling revenue. Last month, Pennsylvania posted $461.62 million for all types of gambling, including brick-and-mortar casinos, online casino gambling, sports wagering, peer-to-peer poker and fantasy sports. April’s total number was an increase of 14% compared to revenue generated same time last year.
Pennsylvania is one of only a handful of U.S. states that has legal real money online casinos.
The previous record month for Pennsylvania gambling revenue was November 2021, at nearly $432.5 million.
Going inside the Pennsylvania gambling numbers, retail table games in April had gross gaming revenue (GGR) of nearly $91.49 million, down 3% from March’s $94.29 million.
Internet table games added another $33.48 million in revenue, down 6.2% from March’s $35.68 million.
Online slots added $76.71 million, down 3.1% from March ($79.2 million). Retail slots gross revenue had an uptick of 1.5% from March, coming in at $217.89 million from the previous month’s $214.72 million.
Among individual operators for overall total gaming revenue, Hollywood Casino at Penn National topped the monthly revenue chart once again with $65.58 million, up 22.5% from $53.53 million in April 2021.
Valley Forge was second with $57.36 million and Parx Casino rounded out the top three with $57.07 million.