Pennsylvania online casino revenue hit a record $98.6 million in May, up from $90.3 million in April and nearly double year-over-year, according to data from the state Gaming Control Board (PGCB).
For the sixth consecutive month, Hollywood Casino, used by DraftKings Casino PA and BetMGM PA Casino, stayed atop its online casino competitors by growing its revenue to a record $41 million and market share to 42%, up from $33.8 million and 37% in April.
Hollywood, which also hosts its own online casino, has steadily grown its revenue for 15 consecutive months, going back to February 2020.
Rivers-Philadelphia, its license used by BetRivers PA and Borgata PA Casino, increased its revenue for the second consecutive month to $26.9 million, up from $26.6 million. The operator remained in second place for the sixth month in a row.
Despite the increase in revenue, Rivers-Philadelphia lost market share—it fell to 27.5%, down from 29.5% in April.
Valley Forge Casino, utilized by FanDuel’s online casino, held onto the third-place spot for the 13th consecutive month with $16.3 million in revenue, up from $14.8 million. That marked the second consecutive month with a revenue increase. Its market share was unchanged at 16.5%.
Three of the smaller operators in the Keystone State also saw increased revenue and, in two of those cases, also grew its market share.
Wind Creek was the biggest winner among the small operators. Its revenue and market share nearly doubled to $1.2 million and 1.2%, up from $648k and 0.7%, respectively.
Presque Isle (BetAmerica) grew its revenue to $813k, up from $631k, and its market share to 0.8%, up from 0.7%. Caesars Interactive Entertainment saw a similar increase in revenue to $1.8 million, up from $1.6 million, but its market share was mostly flat at less than 2%.
Other small operators had a rough month. Parx Casino’s revenue and market share fell to $3.9 million and 4%, down from $4.6 million and 5%. Mount Airy (PokerStars) also saw declines, with $4.1 million in revenue and a 4% market share, down from $4.6 million and 5% in April.
Revenue and market share at Mohegan (Unibet) fell for the third consecutive month to $1.9 million and 2%, down from $2.3 million and 2.5%. Live! Philadelphia revenue was $648k, down from $668k in April but its market share was unchanged at 0.7%.
Sports betting in the Keystone Stone bounced back a bit to $32.2 million, up from $31.3 million.
Valley Forge Casino continued its dominance of the space with $17.6 million in revenue, its fourth-highest total ever. Valley Forge also seized a commanding 54.5% market share. The only time it held a larger share was October 2019 during the fourth month of the market’s existence. The operator’s peak in revenue was $20.6 million in January 2021.
Meadows—Valley Forge’s closet competitor and the only other operator to have a market share in double digits—brought in $5 million in revenue and held a 15.5% market share, down from $6.4 million and 20.5% in April.
Revenue from brick-and-mortar sports betting increased for the third consecutive month to $4.7 million and accounted for 12.8% of the market, the highest percentage for retail since October 2020, when it stood at 13.2% on a record $6.3 million in revenue.
