Penn National Gaming (PENN) revenue breakdown
By segment, Northeast is the largest at 40% of fiscal 2025 revenue; Interactive grew fastest, 80% a year over 6 years.
By product, Gaming is the largest at 77% of fiscal 2025 revenue; Other grew fastest, 27% a year over 9 years.
Revenue by segment
Fiscal years, as Penn National Gaming reports them in its 10-K filings; fiscal 2025 total $7.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Northeast | $1.7B | $1.8B | $1.9B | $2.4B | $1.6B | $2.6B | $2.7B | $2.7B | $2.8B | $2.8B | 40% |
| Interactive | — | — | — | $38M | $121M | $433M | $663M | $719M | $960M | $1.3B | 19% |
| Midwest | $704M | $735M | $824M | $1.1B | $681M | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | 17% |
| South | $186M | $224M | $394M | $1.1B | $850M | $1.3B | $1.3B | $1.2B | $1.2B | $1.2B | 17% |
| West | $361M | $380M | $438M | $642M | $302M | $521M | $582M | $528M | $525M | $543M | 8% |
Revenue by product
Fiscal years, as Penn National Gaming reports them in its 10-K filings; fiscal 2025 total $7.0B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gaming | $2.6B | $2.7B | $2.9B | $4.3B | $3.1B | $4.9B | $5.2B | $4.9B | $5.2B | $5.3B | 77% |
| Other | $109M | $128M | $157M | $210M | $156M | $405M | $541M | $799M | $738M | $912M | 13% |
| Food and beverage | $286M | $292M | $315M | $512M | $224M | $323M | $397M | $411M | $420M | $446M | 6% |
| Hotel | $125M | $130M | $164M | $311M | $147M | $231M | $262M | $247M | $250M | $253M | 4% |
| Racing | $66M | $63M | — | — | — | — | — | — | — | — | — |
| Reimbursable management costs | — | — | $57M | — | — | — | — | — | — | — | — |
| Reimbursable management costs | $16M | $26M | — | — | — | — | — | — | — | — | — |
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Where does Penn National Gaming make its money?
In fiscal 2025, by segment: Northeast $2.8B, Interactive $1.3B, Midwest $1.2B, South $1.2B, West $543M.
From Penn National Gaming's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.