Pennsylvania generates $491.6m in GGR for December
With its December results now finalised, Pennsylvania’s full-year revenue stands at $5.22bn – an increase of half a billion dollars from 2021.
Unsurprisingly, it was Flutter that dominated market share in December, taking 49%. Its closest rival in the state was (also unsurprisingly) DraftKings, which took 23% of the market.
Of all gaming segments, revenue from sports betting was the most striking, jumping 88% year-on-year to $71.2m. Sports betting handle also rose by 1% too, to $754.9m, while revenue from iGaming made notable gains, growing 32% to $134.6m.
Penn National’s Hollywood casino was the biggest breadwinner of all land-based destinations in the state, banking $75.8m in GGR from all segments, with Boyd Gaming’s Valley Forge hot on its heels, taking $72.1m for December.
The contributions of both saw revenue from all land-based sources rise by 16% for the month.
Although not as impressive, GGR from legacy games remained consistent year-on-year at $279.7m. Wild Creek Bethlehem generated the lion’s share of this with $42.1m for December.
Its lead in the legacy games segment pales in comparison with the FanDuel-operated Valley Forge’s lead in sports betting revenue, however, which took a mammoth $34.2m, up 144% year-on-year.
DraftKings’ The Meadows represented its closest land-based competitor, taking $16m for December – a 96% year-on-year increase.
It was the big-hitting Hollywood casino that made the most from iGaming – $60m of its $75.8m in revenue came from this segment alone.
Rivers Philadelphia and Valley Forge also saw positive year-on-year games in iGaming revenue, generating $28.5m and $26.9m respectively.
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