Pennsylvania’s Gaming Industry Breaks Monthly Revenue Record with March Winnings of Over $515M

The gaming industry in Pennsylvania experienced its most prosperous month to date in March 2023, as the gross gaming revenue (GGR) surpassed $515 million. This was the first time ever that the state’s GGR had exceeded the half-billion mark. The Pennsylvania Gaming Control Board (PGCB) reported that the GGR for the month was just shy of $515.3 million, signifying a year-over-year increase of 11%.

This record-breaking revenue was largely due to the success of slots and iGaming, as the state’s 17 brick-and-mortar casinos kept $225.4 million, while iGaming slots surged 32% to $104.8 million. The popularity of sports betting also contributed to the state’s success, as the total handle for the month was $723.5 million, with sportsbooks keeping $50.6 million of the bets placed.

Penn Entertainment, the oldest gaming operator in Pennsylvania, was the top earner among the state’s casinos, as the property and its online partners reported GGR of $80.8 million. The company’s four casinos in the state (Hollywood Casino at Penn National Race Course, Hollywood Casino at the Meadows, Hollywood Casino York, and Hollywood Casino Morgantown) generated GGR of approximately $130.9 million in March 2023.

March 2023 was a month of monumental success for the Pennsylvania gaming industry, as the total GGR smashed the previous all-time monthly revenue record of $462.7 million, set in March 2022. This was truly a month of ‘March Madness’ for the Keystone State, as the gaming industry enjoyed its most lucrative month in the past 17 years.