 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
|
Gaming News
Pennsylvania exceeds $500,000,000 in gaming revenue for the first time19 April 2023(PRESS RELEASE) -- The Pennsylvania Gaming Control Board (PGCB) reported that the combined total revenue generated from all forms of gaming along with fantasy contests during March 2023 was $515,278,831, an increase of 11.35% compared to revenue generated in March 2022. The PGCB also noted that this monthly revenue number exceeded the half billion mark for the first time since legalized gambling began in 2006. Sources of gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). The PGCB has posted separate reports for these types of gaming on its website, https://gamingcontrolboard.pa.gov/. Total tax revenue generated collectively through all forms of gaming and fantasy contests was $212,372,453 during March 2023. Slot Machine Revenue March’s revenue from slot machines was $225,408,088, a 4.98% increase in revenue when compared to the $214,721,028 generated in March 2022. The number of slot machines in operation in March 2023 was 25,643 compared to 26,107 at the casinos in March 2022. Tax revenue from the play of slots machines in March of 2023 was $114,424,145. Retail Table Games Revenue Retail Table games revenue for March 2023 was down year over year with revenue of $85,880,299 showing a decrease of 8.91% from March 2022 when revenue was $94,280,351. Total tax revenue from table games play during March 2023 was $14,017,696. Internet Casino-Type Gaming (iGaming) Revenue Casino games offered online generated gross revenue of $148,189,028 during March 2023 compared to $118,118,408 in March 2022 an increase of 25.46%. Monthly revenue records were set for slots, table games and overall iGaming revenue. Tax revenue generated from internet gaming play during March 2023 was $63,534,618. Sports Wagering Revenue March 2023 total sports wagering handle was $723,545,806 or 1.20% above the March 2022 total of $714,976,578. At the same time, the taxable revenue figure for March 2023 was $50,645,259 or 66.59% higher when compared to March 2022 when taxable revenue was $30,400,581. Tax revenue generated from sports wagering during March 2023 was $18,232,293. Video Gaming Terminals Total adjusted revenue for March 2023 for video gaming terminals (VGTs) was $3,757,506 or 1.87% lower than March 2022 when revenue was $3,829,287. By the close of March 2023, VGT Terminal Operators were operating the maximum permitted five machines at 66 qualified truck stop establishments compared to five machines at 63 establishments at this time last year. Tax revenue collected from the play of VGTs in March 2023 was $1,953,903. Fantasy Contests Fantasy Contests revenue was $1,398,651 in March 2023, an increase of 0.59% over March 2022, when revenue was $1,390,443. Tax revenue collected from the play of Fantasy Contests in March 2023 was $209,798. |