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Betting.net / Pennsylvania Online Gambling Goes From Strength to Strength in 2023

Pennsylvania Online Gambling Goes From Strength to Strength in 2023

Publish Date: March 29, 2023
Fact checked by: David Genge

It’s already looking like 2023 could be a record-breaking year for the Pennsylvania online gambling industry. This is because the state enjoyed a rise of 21.6% in gambling revenues in February compared to the same time last year. Much of this was gained from the growth in sports betting and online slots. 

The amount taken was $456.8 million which was a big increase on the $375.7 million of February 2022. While these are hugely positive figures, it’s worth noting that they are actually down 1.6% compared to the $464.54 million generated in the previous month.

January saw the state’s online casinos recorded their fourth consecutive month of revenues exceeding $160 million, and online sportsbooks in PA recorded more revenues compared to the same time in 2022.

PA online casinos leading the way

Online casinos in PA recorded revenues of $160.3 million in January which was a modest 4% fall compared to the previous month, but shows that the industry is still enjoying an upward trend.

The leading licensee in these figures was Hollywood Penn National which recorded a revenue gain of over $66 million thanks to its partnerships with BetMGM and DraftKings casino. However, this was just a one-off triumph as the 18 licensed operators improved their overall revenue by over 23% compared to the same time last year.

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Impressive results from Pennsylvania’s sportsbooks

Pennsylvania’s sportsbooks have also enjoyed a positive start to the year. Figures released by the Pennsylvania Gambling Control Board revealed that the state’s retail and online sportsbooks managed to take in over $770 million in bets during the first month of the year. This was an increase in nearly 3% in the number of bets taken compared to January 2022.

Much of these gains came from the combined forces of Valley Forge Casino and its partner, FanDuel. The pairing took in over 40% of the total number of bets made in the whole of PA with $313 in stakes taken.

Most impressive sportsbooks for PA in 2023

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What to expect from PA online gambling in 2022

While January was a strong start for the Pennsylvania gambling industry, hopes are high that things could get even better. Many sportsbooks have already taken the initiative following the Philadelphia Eagles Super Bowl appearance by adding a range of unique prop bets including betting on a 40-yard dash.

Elsewhere, it’s expected that the fact that both Pittsburgh and Penn State managed to make the second round of the March Madness college basketball tournament will have added to the revenues taken at PA sportsbooks.

All of this is at the mercy of how the Pennsylvania Gaming Control Board decides to oversee the promotion of sports betting and casino gaming within the state. The gambling authority recently made the move to ban the phrase ‘free bets’ from being featured in the promotion of their special offers, and it remains to be seen what impact this will have on revenues. But with an overwhelming trend towards growth, it’s looking like 2023 could be a massive year for online gambling in PA.

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