Pennsylvania’s Online Casino Revenue in January Slows Down to $189 Million
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Operators of online casinos in Pennsylvania began the new year a bit worse than they ended 2023. According to the Pennsylvania Gaming Control Board (PGCB), operators brought in $189.3 million in revenue in January.
Recently, licensed Pennsylvania online casinos have been booming, but last month, that trend seemed to stall. Nevertheless, the state’s profits exceeded $186 million for the sixth straight month.
An Analysis of the January PA Online Casino Report
Following January’s results, online casinos in Pennsylvania have earned $6 billion in total revenue. Since beginning operations in 2019, the state has generated $6,006,404,843 in total lifetime income. With 21 platforms already available and more on the horizon, the industry is continually growing. By the end of 2024, operators may generate a lifetime income of almost $8 billion.
Although January began slowly by Pennsylvanian standards, it is the sixth consecutive month of at least $180 million in monthly revenue and an 18.1% gain over the previous year. If operators maintain their current monthly income of $189.3 million, Pennsylvania’s annual revenue will reach $2.3 billion and surpass that of the previous year.
Partners with Valley Forge Casino, FanDuel Casino PA, and Stardust Casino PA, reported $52.6 million, an all-time record for the licensee. The majority of the income between the two operators came from FanDuel. FanDuel has been making progress in the online casino space over the last several months. DraftKings Casino PA is fighting with FanDuel for the top spot in Pennsylvania.
