Northeast was PENN Entertainment’s largest segment in fiscal 2025, bringing in $2.77B of $6.96B (40%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Northeast | $2.70B | $2.74B | $2.76B | $2.77B | |||||||||||||
| Northeast Segment | — | — | — | — | |||||||||||||
| East/Midwest | — | — | — | — | |||||||||||||
| East West | — | — | — | — | |||||||||||||
| Midwest | $1.16B | $1.17B | $1.17B | $1.18B | |||||||||||||
| Midwest Segment | — | — | — | — | |||||||||||||
| South | $1.31B | $1.22B | $1.17B | $1.17B | |||||||||||||
| South Segment | — | — | — | — | |||||||||||||
| Southern Plains | — | — | — | — | |||||||||||||
| Interactive | $663.10M | $718.80M | $959.90M | $1.30B | |||||||||||||
| West | $581.90M | $528.50M | $525.30M | $543.20M | |||||||||||||
| West Segment | — | — | — | — | |||||||||||||
| South/West | — | — | — | — | |||||||||||||
| Unallocated Amount To | — | — | — | — | |||||||||||||
| Other | $21.30M | $20.20M | $19.60M | $18.50M | |||||||||||||
| Corporate Non | — | — | — | — | |||||||||||||
| Intersegment Eliminations | -$34.30M | -$32.00M | -$23.60M | -$21.00M | |||||||||||||
| Total | $6.40B | $6.36B | $6.58B | $6.96B |
PENN Entertainment brought in $6.96B from its seven segments in fiscal 2025, the year ended December 31, 2025. That was up 5.8% from $6.58B in fiscal 2024. Northeast was the largest at $2.77B (39.8%), ahead of Interactive at $1.30B (18.7%) and Midwest at $1.18B (17.0%). The other three segments brought in $1.73B combined.
Compared with fiscal 2024, Interactive grew fastest, up 35.7% to $1.30B, while South fell the most, down 0.2% to $1.17B. From fiscal 2022 to 2025, combined revenue from these segments grew from $6.40B to $6.96B, a compound annual growth rate of 2.8%. Northeast's share of the total fell from 42.1% to 39.8%.
The total is net of Intersegment Eliminations, which took $21.00M off revenue in fiscal 2025.
Gaming was PENN Entertainment’s largest product and service line in fiscal 2025, bringing in $5.35B of $6.96B (77%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gaming | $5.20B | $4.91B | $5.17B | $5.35B | ||||||
| Product & Service Other | $557.80M | $813.80M | $745.90M | $917.90M | ||||||
| Other | — | — | — | — | ||||||
| Food & Beverage | $393.20M | $407.80M | $416.70M | $442.30M | ||||||
| Hotel | $262.00M | $247.30M | $250.00M | $253.30M | ||||||
| Reimbursable Management Costs | — | — | — | — | ||||||
| Racing | — | — | — | — | ||||||
| Corporate Non | $21.30M | $20.20M | $19.60M | $18.50M | ||||||
| Intersegment Eliminations | -$34.30M | -$32.00M | -$23.60M | -$21.00M | ||||||
| Total | $6.40B | $6.36B | $6.58B | $6.96B |
PENN Entertainment brought in $6.96B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 5.8% from $6.58B in fiscal 2024. Gaming was the largest at $5.35B (76.9%), ahead of Product & Service Other at $917.90M (13.2%) and Food & Beverage at $442.30M (6.4%). The other two lines brought in $271.80M combined.
Compared with fiscal 2024, Product & Service Other grew fastest, up 23.1% to $917.90M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $6.40B to $6.96B, a compound annual growth rate of 2.8%. Gaming's share of the total fell from 81.3% to 76.9%.
The total is net of Intersegment Eliminations, which took $21.00M off revenue in fiscal 2025.
Previously Reported was PENN Entertainment’s largest revenue line in fiscal 2012, bringing in $2.90B of $2.69B (108%).
| Scenario | FY 2012 |
|---|---|
| Previously Reported | $2.90B |
| Restatement Adjustment | -$210.64M |
| Total | $2.69B |
PENN Entertainment brought in $2.69B from its two revenue lines in fiscal 2012, the year ended December 31, 2012. Previously Reported was the largest at $2.90B (107.8%).
The total is net of Restatement Adjustment, which took $210.64M off revenue in fiscal 2012.
PENN Entertainment (PENN) reports its revenue by segment, by product and service and by scenario. In fiscal 2025, Northeast was its largest segment, bringing in $2.77B (39.8% of the total), followed by Interactive at $1.30B (18.7%).
Northeast was PENN Entertainment's largest segment in fiscal 2025, bringing in $2.77B, or 39.8% of the $6.96B total across its seven segments.
Gaming was PENN Entertainment's largest product and service line in fiscal 2025, bringing in $5.35B, or 76.9% of the $6.96B total across its six product and service lines.
Previously Reported was PENN Entertainment's largest revenue line in fiscal 2012, bringing in $2.90B, or 107.8% of the $2.69B total across its two revenue lines.
Among PENN Entertainment's segments that make up at least 2% of revenue, Interactive grew fastest in fiscal 2025, up 35.7% from $959.90M to $1.30B.
Every figure comes from PENN Entertainment's annual financial filings, as reported. Each line keeps the name PENN Entertainment gives it, and years follow its fiscal calendar.
PENN Entertainment's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.