Pennsylvania Sets New Monthly Gambling Revenue Record

Pennsylvania’s regulated gambling industry reached an unprecedented monthly revenue level in November, as strong sports betting performance combined with sustained online casino activity to push overall figures to a new high. According to data released by the Pennsylvania Gaming Control Board, total gambling revenue for the month reached approximately $623.1 million, exceeding the previous statewide record by 3.5%.

The November total represented a 10.8% increase compared with the same month in 2024 and also finished 4.4% higher than October’s results. While most digital gambling categories reported growth, land-based casino operations recorded modest year-over-year declines. State tax collections from all gambling activity amounted to $260.9 million for the month.

Sports Betting Leads Monthly Performance

Sports wagering emerged as the primary driver behind November’s record-setting results. Bettors placed $990.6 million in wagers during the month, setting a new statewide handle record. The figure exceeded October’s previous high and was 5.9% greater than November 2024.

Taxable sports betting revenue reached $98.3 million, surpassing the prior record of $77.1 million established one year earlier. Online sportsbooks accounted for $92.4 million of that total, while retail sportsbooks contributed $5.9 million. Combined, sports betting activity produced an overall hold rate of 9.92% for the month.

FanDuel and Valley Forge Casino Resort returned to the top position among operators after briefly falling to second place in October. The partnership generated $58.4 million in revenue from $372.9 million in wagers, resulting in an 11.85% hold. DraftKings and Hollywood Casino at the Meadows followed with $28.1 million in revenue off a $299.8 million handle. Hollywood Casino York and Fanatics Sportsbook ranked third, producing $5.7 million from $62.2 million wagered.

Additional analysis showed that sportsbooks statewide posted a collective hold of 12.7% during November, exceeding the national November average across reporting jurisdictions. Despite falling just short of the $1 billion milestone, Pennsylvania established a new monthly handle record for the second straight month.

FanDuel and Rivals Rewrite Sportsbook Records

FanDuel’s November performance set a new single-operator revenue benchmark in Pennsylvania, generating $58.2 million in gross winnings. That figure surpassed the operator’s prior state record of $54.7 million set in January 2024 and reflected a 26.8% increase from November of last year. FanDuel recorded a 15.7% win rate on $370.7 million in wagers during the month.

Promotional spending remained a key factor in FanDuel’s market position. The operator issued $14.2 million in bonuses and credits in November, accounting for more than half of the $26.2 million spent collectively by the state’s 12 online sportsbooks. FanDuel’s total promotional outlay for the year surpassed $100 million.

DraftKings also posted its strongest month in Pennsylvania history, producing $31.6 million in revenue from $296.8 million wagered. The operator achieved a 10.7% hold while continuing to scale back promotional spending, which declined to $3.9 million for the month.

Fanatics ranked as the “best of the rest” after recording $7.1 million in revenue, supported by a 12.1% hold on $61.1 million in handle. Bet365 and BetMGM rounded out the top five, each exceeding $6 million in revenue.

Online Casino Growth Offsets Retail Declines

Online casino gaming remained a significant contributor to statewide revenue, even though November did not establish a new monthly record for the segment. iGaming revenue totaled $242.7 million, reflecting a 21.1% increase from last year but finishing 3.4% below October’s peak.

Online slot games generated $185.4 million, rising 24.7% year over year, while internet table games contributed $55.1 million. Online poker revenue edged down slightly to $2.3 million. Hollywood Casino at Penn National Race Course and its partners led the iGaming market with $91.3 million, followed by Valley Forge Casino Resort at $70.9 million and Rivers Casino Philadelphia at $38.2 million.

Land-based casino results were mixed. Retail slot machines generated $201.2 million, narrowly trailing last year’s total, while table games revenue declined 3.6% to $74.7 million. Video gaming terminals at truck stops produced $3.5 million, and fantasy sports contests generated $2.5 million, both posting year-over-year gains.