Record Revenues for Pennsylvania Casinos in 2021
While land-based PA casinos have been legal since 2004, online PA online casinos were only legalized in 2019. In the past two years since legalizing online betting, the state has been setting massive records for betting revenues.
Not only did the state break the $1 billion mark for all-time sports betting revenue in March, but it also broke records for 2021, too.
State casinos took in more than $4.7 billion in 2021 alone. So far, 2021 has been the best year for PA state casino revenue.
Though casino revenue was relatively low in 2020 (thanks to the pandemic), the state was able to bounce back with a vengeance in 2021. Revenue shot up nearly 80% in 2021 from 2020.
Pennsylvania brought in nearly $2 billion in tax revenue in 2021.
Five casinos were responsible for the highest revenues in 2021, including Bensalem's Parx Casino with $687.5 million, Penn National's Hollywood Casino with $648.3 million, Rivers Casino Philadelphia on Delaware Avenue with $543.3 million, and Valley Forge Casino Resort in King of Prussia with $471.6 million.
Other big players in Pennsylvania online gambling in 2021 were Barstool Sports, DraftKings, and FanDuel.