Pa. Gaming revenue shot up in February; sports betting leads the way | Tuesday Morning Coffee

Pennsylvania collected $456.8 million in gambling revenue in February, an increase of 21.6% compared to the same month in 2022, state gambling regulators said Monday.

The total tax revenue generated collectively through all forms of gaming and fantasy contests was more than $188.9 million during February 2023, state data showed.

That continued an upward trend begun in January, when gambling revenue increased by 18.2 percent year-over-year, according to IGB North America, an industry news website.

Here’s a look at where some of that growth took place last month:

The Hollywood Casino at the Meadows in Washington, Pa., led the way among Pennsylvania’s top-earning casinos, taking in $26.5 million in revenue in February, compared to $11.8 million in February 2022, an increase of more than 124%, according to the Pennsylvania Gaming Control Board’s data.

The Valley Forge Casino Resort finished second, taking in $61.3 million in total revenue in February, compared to $31.2 million in February 2022, an increase of 96.5%, state data showed.

The Hollywood Casino Morgantown charted a 90.4% increase, with total revenue rising from $3.4 million in February 2022 to $6.5 million last month, according to regulators.

It was followed by the the Live! Casino Philadelphia, which saw total revenue rise by 40.7% from $16.8 million in February 2022 to $23.6 million last month, state data showed.

The Hollywood Casino at Penn National in Dauphin County rounded out the top five, charting a 21.94% increase in total revenue, from $59.5 million in February 2022 to $72.5 million last month, according to regulators.

And from the Gaming Control Board, here’s a breakdown by type of game:

In January, gaming regulators reported that the state took in more than $5.2 billion in revenue for 2022, up from the 2021 total of $4.7 billion, KDKA-TV in Pittsburgh reported.