Pennsylvania Closes Out 2025 With Record $259.7M iGaming Haul

The Pennsylvania Gaming Control Board reported Tuesday an all-time record $259.7 million in adjusted gross operator online casino revenue for December as Keystone State platforms capped another year of double-digit growth.

Five of the 12 iGaming platform licensees recorded all-time highs, and another three had their second-best months of operation. The December total topped the previous standard of $251.1 million established in October.

Revenue totals for slot and table games each set records, with online table games winnings surpassing $60 million for the first time in state history. Total December AGR increased 16.3% compared to the final month of 2024, and the full-year 2025 total of $2.78 billion in taxable operator winnings was up 27.2%. In another sign of how rapid iGaming revenue growth has been in Pennsylvania, 2025 revenue was more than double the $1.36 billion reported in 2022.

The state saw an inflow of $75.3 million into its tax coffers for December, capping the calendar year with $810.5 million in receipts. That was up $186.5 million from 2024.

The month’s $616.7 million in total gaming revenue, which includes brick-and-mortar casinos, sports wagering, daily fantasy sports, and video gaming terminals, was up 15.8% from the previous year.

Penn, FanDuel shine on

Penn Entertainment, which counts DraftKings and BetMGM among its online tethers, became the first licensee to surpass $100 million in monthly AGR. It cleared the benchmark by close to $2 million while also setting a new standard for monthly gross winnings at $125.4 million.

The $97 million in pre-deduction slot winnings pushed Penn just over the $1 billion mark for gross revenue in that gaming discipline and represented a 34.8% increase from full-year 2024.

Some of the 18% year-over-year gain in December AGR can be traced to a notable rise in drop (casino betting handle). The $3.69 billion wagered on virtual slots and the digital felt was up 22% from last year.

FanDuel Casino, which operates through Valley Forge Resort Casino, narrowly missed an all-time high as its $71.1 million was $282,400 off its best from October. A third straight month with at least $92 million in gross winnings, however, was enough to edge it over $1 billion in total revenue for the year.

December AGR was largely in line with state year-over-year growth at 16%, but the $777.7 million in full-year AGR represented a surge of 35.6% compared to 2024.

Rivers remains a steady yet distant third

BetRivers continues to be the solid No. 3 revenue generator among Pennsylvania operators. It finished with a record $39 million-plus in December AGR. The Rush Street Interactive platform’s full-year adjusted gross revenue of $441.6 million was up 16.3% from 2024 and outpaced its 11% year-over-year bump for December.

Caesars Palace Online notched all-time monthly highs in gross revenue ($19.3 million) and AGR ($15.1 million). The near-$42 million AGR for the final quarter of 2025 was up 58.8% from Q4 2024 as winnings in December kept pace with 58.6% growth.

Golden Nugget Online was the only other platform to exceed $10 million in gross winnings at $10.2 million, and that was just enough to push its full-year total into nine figures at $101.6 million. That was a bounce of 39.2% from 2024 as drop increased 51.1% to $3.06 billion in its second full year of business in Pennsylvania.

The $9 million-plus AGR, while only a 10.5% increase from December 2024, gave Golden Nugget $90.2 million AGR for 2025. That represented a 47% increase from the previous year.