Pennsylvania iGaming Revenue Hits $210 Million For January, Second Highest Ever

The Pennsylvania Gaming Control Board reported on Thursday $210.2 million in adjusted gross internet casino revenue for January, the third consecutive month above $200 million.

The strong start to 2025 continued the trend of double-digit, year-over-year growth in the Keystone State. January’s figure represented an increase of 40.5% from the $149.6 million reported to open 2024. It is the second-highest total since Pennsylvania launched iGaming in July 2019, trailing only the $223.7 million reported in December 2024.

Statewide gaming revenue totaled $529.1 million, an increase of 10.9% from 12 months prior. Brick-and-mortar casinos had a more modest 3.7% revenue increase to $261.6 million. Video gaming terminals (VGTs) and fantasy sports contests accounted for nearly $5.8 million combined.

The overall double-digit increase came despite a 26.3% downturn in taxable sports betting revenue at $51.5 million. The Philadelphia Eagles won two playoff games in January en route to their Super Bowl LIX title this month, but operators statewide still grossed $84.3 million and posted a 9.7% hold on $873.1 million handle for January.

The PGCB reported overall state and local taxes totaling $221.6 million for January, with the state collecting $61.1 million from iGaming and $17.5 million from sports betting.

PENN National creates some separation from FanDuel

PENN National, whose internet casino skins include DraftKings and BetMGM, got off to a roaring start with $79.7 million in AGR in the opening month of 2025. That was an increase of 57.9% compared to last year and ranked second all-time.

Slot AGR exceeded $50 million for the third consecutive month with $56.3 million, and table games winnings surged 78.4% to $22.9 million. Total gaming drop for all PENN-licensed skins reached $2.95 billion, trailing only the $3.02 billion in December.

FanDuel also had solid growth to open 2025 as revenue climbed 38.5% to $57.6 million, but that $16 million increase paled against PENN’s jump of $29.2 million. FanDuel, however did have explosive year-over-year growth in slot revenue: The $41.4 million in winnings represented a 56.9% increase and accounted for nearly 94% of the revenue growth.

Rush Street Interactive, which offers the BetRivers platform, remains a comfortable third in Pennsylvania iGaming. It opened the new year with $35.4 million in revenue, up 19.8% from January 2024. Like FanDuel, it reported strong growth in slot winnings with $31.4 million AGR, a year-over-year increase of 22.5%.

Golden Nugget’s second January of operations in Pennsylvania was a strong one. Its $7.4 million in AGR was more than triple the $2.1 million reported in 2024 and enough to push them into the top five overall. Golden Nugget reported $230.6 million in total drop, a 63.6% increase versus the opening month of 2024.

BetPARX bucked the trend of operator growth as the only platform to post a year-over-year decline. Its $4.5 million was off 15.4%, dragged down by a 60% falloff in table games revenue to $350,000.

PARX, Wind Creek again rule the slots and felt

PARX and Wind Creek ranked first and second for overall brick-and-mortar casino revenue, with PARX taking top honors for slots and Wind Creek likewise for table games. PARX came within $33,400 of $30 million in slot winnings and had a year-over-year gain of 6.6%.

Wind Creek kept PARX at arm’s length on the felt with $19.5 million in winnings. Rivers Casino in Pittsburgh stormed into fourth at $6.7 million, an increase of 50.8% and nearly $2.1 million better than its Philadelphia counterpart.

Nine venues surpassed $10 million in slot revenue for January, with Hollywood Casino at Penn National Race Course making the cut thanks to an 11.1% increase to 10.5%. Slot revenue was up 4.6% to $187.8 million, outpacing the 1.5% growth in table games winnings to $73.7 million.

Fly, Eagles, Fly

January’s sports betting handle was fifth-highest in state history and also marked the fifth consecutive month it surpassed $800 million. Pennsylvania also joined a select group as the fourth state in the post-PASPA era to surpass $3 billion in gross sportsbook revenue along with New York, New Illinois, and New Jersey.

The state’s 13 mobile sportsbooks combined for close to $82 million in gross revenue, and their combined $32.8 million in promotional credits and bonuses was up 18.1% compared to January 2024. FanDuel helped online operators fashion a 9.8% overall hold, notching a 13.1% win rate in claiming $44.6 million from $339.7 million worth of wagers.

The juggernaut also accounted for nearly half the promotional outlay at $15.8 million, though that was only 9.4% higher versus last year.

DraftKings also opened 2025 in good health with $23.3 million in gross winnings thanks to a 10.7% hold on $218.7 million handle. Its $8.4 million in credits and bonuses was up nearly 60% from January 2024, a difference of nearly $3.2 million.

Fanatics Sportsbook continued aggressively appealing to bettors, surpassing $2 million in spend for the fifth consecutive month. The betting public held it below a 1% hold — resulting in $469,300 in gross revenue and an AGR loss of close to $1.9 million.

BetMGM ($2.4 million) and bet365 ($1.9 million) also had seven-figure outlays in January, and BetMGM’s $67.6 million handle was its highest since accepting $78.4 million worth of wagers in March 2022.