Digital Gaming Dominates Pennsylvania January Revenue—Could Crypto Be Next?

The Pennsylvania Gaming Control Board has reported $529.08 million in gross gaming revenue for January 2025.

This marks a 10.88 percent rise from January 2024’s reported figure of $477.15 million.

As is consistent with the other states in which iGaming is legalized, growth in Pennsylvania was primarily driven by growth in online casino revenue. The underlying data supports a substantial digital channel shift, and as such, there is a significant opportunity should states begin to consider cryptocurrency casinos and sportsbooks.

iGaming Revenue Soars in Pennsylvania—Could Crypto Enhance Growth?

Total iGaming revenue reached $210.17 million in January 2025, up 40.52 percent from $149.56 million the year prior. The Control Board reported that online slots were the fastest-growing segment, rising 44.18 percent year on year from $110.03 million in January 2024 to $158.63 million in 2025.

Online table games also garnered double-digit growth, rising 32.71 percent to $48.94 million from just shy of $37 million the previous year. Overall, online poker exhibited a 2.32 percent decline but stayed relatively stagnant at just $2.6 million in 2025.

This meant the product mix for online gaming was as follows:

• 75.3 percent: Slots
• 23.2 percent: Table Games
• 1.5 percent: Online Poker

Hollywood Casino at Penn National led the charge, reporting $79.73 million in iGaming revenue, a 57.89% jump from last year. Golden Nugget saw the most dramatic increase, with a staggering 251.68% rise in online revenue.

Lower Hold Percentage Hits Pennsylvania’s Sportsbooks

Sports wagering saw a dramatic 26.35 percent revenue reduction, falling to $51.5 million from $69.92 million in 2024. However, this number can be misleading, as the total betting handle increased 1.75 percent to $873.15 million.

Despite more customer wagering, unfavorable sporting results led to considerably lower hold percentage and, therefore, lower profits.

Online sports betting remained dominant, generating 95.5 percent of all revenue on sports wagering. Valley Forge Casino Resort led the market, reporting $28.78 million in sports betting revenue, though this was 27.23% lower than last year.

Pennsylvania’s Gambling Evolution: Could Bitcoin & Stablecoins Be Next

Slowing growth at physical locations further emphasizes consumer appetite for digital gaming over brick-and-mortar gambling. Retail slots revenue grew 4.64 percent to $187.83 million, whereas table games only grew 1.46 percent, racking up $73.72 million in 2025 from $72.66 million in 2024.

Parx Casino boasted the most slots revenue among individual casinos, with $29.97 million, up 6.56%. In contrast, Wind Creek Bethlehem was the top performer in table games, generating $19.49 million despite a 1.57% decline from last year.

Although channel shift was accelerated by the shuttering of brick-and-mortar locations during the COVID-19 pandemic, it’s been an ongoing trend in states that have legalized digital forms of gambling.

Across the United States legislative season, there have still been more bills geared towards prohibition instead of looking at embracing innovation, including new forms of payment such as Bitcoin and other stablecoins.

Pennsylvania is noted as one of the more forward-thinking states. In October 2024, the House of Representatives passed pro-crypto HB 2481. The bill sought to establish a regulatory framework protecting self-custody and crypto payments and exempting digital assets from additional taxation