Financial
Pennsylvania Skill, Powered by Pace-O-Matic, Highlights Record-Breaking Year for Pennsylvania Casino Industry — Nearly $7 Billion in Revenue
Pennsylvania Skill, powered by Pace-O-Matic (POM), highlighted the Pennsylvania gambling industry’s record-setting performance in 2025, as total gaming revenue reached an all-time high of $6.8 billion — a nearly 10% increase over 2024.
The historic growth was fueled by online gambling, which surged 27% year-over-year to $2.75 billion. Sports betting also posted strong gains, increasing 18% to approximately $600 million.
By comparison, brick-and-mortar casino revenue showed modest movement. Slot machine revenue totaled $2.4 billion, a marginal increase of half a percentage point from 2024, while table game revenue declined 1% to roughly $900 million.
“The data makes one thing abundantly clear: brick-and-mortar casinos are losing customers to online gambling — not skill games. Yet here we are again congratulating the casino industry on record profits while some casino operators continue to misdirect blame toward skill games. Industry leaders know the market is changing — their own research proves it — but blaming skill games is easier than confronting the real shift happening online,” said Mike Barley, Chief Public Affairs Officer for Pace-O-Matic.
Barley noted that state gaming revenue remained relatively flat at around $3 billion annually until 2021, when revenues rebounded sharply following the pandemic alongside the rapid expansion of iGaming.
“This history shows that casino gambling and skill games have coexisted for years. If slot machine revenue has softened, the cause can be squarely attributed to the growth of internet gambling. Any claim otherwise is not supported by the facts and is intentionally misleading,” Barley said.
Pennsylvania Skill emphasized that continued opposition to skill games threatens the livelihoods of thousands of small businesses and community organizations across the Commonwealth, including fraternal organizations, volunteer fire companies, veterans’ groups, and local taverns. These establishments report that skill game revenue supports jobs, pays bills, increases wages, funds facility improvements, provides health insurance, and enables charitable giving.
Skill game supporters are urging lawmakers to advance legislation that would regulate and tax skill games, generating significant revenue for the state. Senate Bill 1079, sponsored by Senators Gene Yaw and Anthony Williams, along with companion House Bill 2046, sponsored by Representatives Danilo Burgos and Jonathan Fritz, would establish a fair regulatory framework and implement a $500 monthly tax per gaming terminal.
Estimates show that regulation would generate approximately $300 million annually for the Commonwealth — providing immediate fiscal benefits while protecting small businesses and community organizations statewide.
“I hope we see monthly gambling revenue records again this year. As the industry continues to exist alongside skill games,” said Barley.
The post Pennsylvania Skill, Powered by Pace-O-Matic, Highlights Record-Breaking Year for Pennsylvania Casino Industry — Nearly $7 Billion in Revenue appeared first on Americas iGaming & Sports Betting News.
Detroit casinos
Detroit Casinos Report $105.1M in December Revenue, $1.2B for Year
The three Detroit casinos reported $105.1 million in monthly aggregate revenue (AGR) for the month of December 2025. Table games and slots generated $103.4 million and retail sports betting generated $1.7 million.
The December market shares were:
• MGM, 49%
• MotorCity, 29%
• Hollywood Casino at Greektown, 22%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of December 2025 decreased 5.4% when compared to the same month last year. December’s monthly revenue was 2.9% lower when compared to the previous month, November 2025. From Jan. 1 through Dec. 31, the Detroit casinos’ table games and slots revenue decreased by 1.3% compared to the same period last year.
The casinos’ monthly gaming revenue results decreased compared to December 2024:
• MGM, down 1.0% to $50.7 million
• MotorCity, down 9.2% to $30.0 million
• Hollywood Casino at Greektown, down 9.5% to $22.7 million
In December 2025, the three Detroit casinos paid $8.4 million in gaming taxes to the State of Michigan. They paid $8.9 million for the same month last year. The casinos also reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit in December.
Quarterly Table Games, Slot Revenue, and Taxes
For the fourth quarter of 2025 that ended Dec. 31, aggregate revenue was down for all three Detroit casinos by 1.1% compared to the same period last year. Quarterly gaming revenue numbers for the casinos were:
• MGM: $154.1 million
• MotorCity: $91.9 million
• Hollywood Casino at Greektown: $69.8 million
Compared to the fourth quarter of 2024, MGM was up by 2.8%, and MotorCity and Hollywood Casino were down by 6.0% and 2.7%, respectively. The three casinos paid $25.6 million in gaming taxes to the state in the fourth quarter of 2025, compared to $25.9 million in the same quarter last year.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $12.23 million in total retail sports betting handle, and total gross receipts of $1.8 million for the month of December. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.4 million in December when compared to December 2024, and up by 0.7% when compared to November 2025.
December QAGR by casino was:
MGM: $372,771
MotorCity: $747,568
Hollywood Casino at Greektown: $599,224
During December, the casinos paid $64,999 in gaming taxes to the state and reported submitting $79,444 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Annual Revenue for Table Games, Slots, and Retail Sports Betting
The total yearly aggregate revenue of $1.28 billion by the three Detroit casinos for slots, table games, and retail sports betting was generated by:
• Slots: $1.02 billion (79.5%)
• Table games: $247.8 million (19.4%)
• Retail sports betting: $14.2 million (1.1%)
The casinos’ market shares for the year were:
• MGM, 48%
• MotorCity, 30%
• Hollywood Casino at Greektown, 22%
Compared to 2024, slots and table games yearly gaming revenue for the three casinos were as follows:
• MGM, up by 0.3% to $605.3 million
• MotorCity, down by 2.5% to $376.1 million
• Hollywood Casino at Greektown, down by 3.1% to $283.9 million
Aggregate retail sports betting qualified adjusted gross receipts (QAGR) for 2025 was up by 45.9% to $14.2 million compared to last year, with MGM totaling $3.0 million, MotorCity totaling $6.8 million, and Hollywood Casino at Greektown totaling $4.4 million.
In 2025, the three Detroit casinos paid the state $102.5 million in wagering taxes for slots and table games, and $535,323 in wagering taxes for retail sports betting. In 2024, they had paid $103.9 million and $372,729 for each, respectively.
Fantasy Contests
For November, fantasy contest operators reported total adjusted revenues of $1.16 million and paid taxes of $97,032.
From Jan. 1 through Nov. 30, fantasy contest operators reported $8.9 million in aggregate fantasy contest adjusted revenues and paid $744,022 in taxes.
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Alan Ellingson
DraftKings Reports Third Quarter 2025 Results
DraftKings Inc announced its third quarter 2025 financial results. The Company also posted a third quarter 2025 business update and a slide presentation on the Investor Relations section of its website.
Third Quarter 2025 Highlights
For the three months ended September 30, 2025, DraftKings reported revenue of $1144 million, an increase of $49 million, or 4%, compared to $1095 million during the same period in 2024. The increase in the Company’s third quarter 2025 revenue was driven by continued healthy customer engagement, efficient acquisition of new customers, and higher structural Sportsbook hold percentage, partially offset by customer-friendly sport outcomes. Adjusting for sport outcome impacts across periods, third quarter 2025 revenue growth was strong. In October, Sportsbook Handle increased 17% year-over-year.
“This is the most bullish I have ever felt about our future. Underlying growth in the business is accelerating and we are excited to launch DraftKings Predictions in the coming months, which we view as a significant incremental opportunity,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder.
“With handle growth accelerating and parlay handle mix continuing to increase, we are excited about the trajectory of our Free Cash Flow. We continue to focus on maximizing shareholder returns and are pleased to announce that our board authorized an increase in our share repurchase program from $1.0 billion to $2.0 billion,” said Alan Ellingson, DraftKings’ Chief Financial Officer.
Continued Customer Retention, Acquisition, and Engagement
Monthly Unique Payers (MUPs) increased approximately 2% to 3.6 million average monthly unique paying customers in the third quarter of 2025 compared to the third quarter of 2024. This increase reflects strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming product offerings. Excluding Jackpocket, MUPs increased by 6% compared to the third quarter of 2024.
Average Revenue per MUP (ARPMUP) increased to $106 in the third quarter of 2025, representing a 3% increase compared to the same period in 2024. The increase was primarily due to increased revenue in iGaming as well as structural improvement in Sportsbook hold percentage, partially offset by customer-friendly sport outcomes for Sportsbook.
Fiscal Year 2025 Guidance
DraftKings is revising its fiscal year 2025 revenue guidance. The Company now expects fiscal year 2025 revenue of $5.9 billion to $6.1 billion. The Company’s updated guidance range equates to year-over-year growth of 24% to 28% based on the Company’s fiscal year 2024 revenue.
DraftKings is revising its fiscal year 2025 Adjusted EBITDA guidance. The Company now expects fiscal year 2025 Adjusted EBITDA of $450 million to $550 million.
The Company’s guidance includes anticipated financial impacts from DraftKings launching mobile sports betting in Missouri later this year. The Company’s guidance for fiscal year 2025 now includes the expected launch of DraftKings Predictions in the coming months, pending licensure.
Mobile Sports Betting and iGaming Footprint
DraftKings is live with mobile sports betting in 25 states and Washington, D.C., which collectively represent approximately 49% of the U.S. population. DraftKings expects to launch its Sportsbook product in Missouri pending market access, licensure, regulatory approvals, and contractual approvals where applicable.
DraftKings is also live with iGaming in 5 states, which collectively represent approximately 11% of the U.S. population.
DraftKings is live with its Sportsbook and iGaming products in Ontario, Canada, which represents approximately 40% of Canada’s population.
The post DraftKings Reports Third Quarter 2025 Results appeared first on Americas iGaming & Sports Betting News.
Betway
Super Group Raises Full-Year 2025 Group Revenue and Adjusted EBITDA Guidance
Super Group (SGHC) Limited, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that the Group anticipates delivering another quarter of strong financial and operational performance in Q3 2025, outperforming prior expectations despite what is usually a softer seasonal period. Continued momentum in sports betting, supported by optimized pricing and more efficient trading, was complemented by consistent engagement in casino and improving operational leverage across the Group’s core international markets.
This continued momentum reinforces confidence in the full-year outlook, and as a result, Super Group is raising its full-year Ex-U.S. revenue and Ex-U.S. Adjusted EBITDA guidance, which underscores the Group’s belief in the scalability of the business and the strength of the Group’s brand-led, data-driven model.
- Group revenue is now expected to be between $2.125 billion and $2.200 billion vs. prior guidance of greater than $2.04 billion
- Group Adjusted EBITDA is now expected to be between $550 million – $560 million vs. prior guidance of $470 million – 480 million
Neal Menashe, Chief Executive Officer, commented, “Our performance through the third quarter continues to demonstrate the resilience of our model and the strength of our execution. We’re seeing strong contributions from both sports and casino, deeper customer engagement, and continued margin improvement across key markets. As a result, we’re pleased to raise our full-year outlook and remain confident in our ability to deliver for our shareholders.”
Alinda van Wyk, Chief Financial Officer, noted, “The consistency of our financial performance this quarter gives us confidence in our ability to drive both top-line and margin expansion. With cost ratios improving and our product-led strategy gaining traction, we remain focused on disciplined execution and long-term value creation.”
As previously announced, Super Group will host its Investor Day beginning at 8:00am EST/1:00pm UK on September 18th, 2025. The full agenda and live stream of presentations can be found on the Super Group Investor Relations website and dedicated Investor Day website. A replay will be available after the event concludes.
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