In FY21–22, Pennsylvania’s Gaming Revenue Reached $5.04 billion
Pennsylvania generated $5.04 billion in gaming income in its fiscal year 2021–2022, breaking its previous record, the PGCB reports. Revenue increased by 29.5% above the $3.87 billion recorded for FY20-21, which was the state’s previous record profit.
Most of the money was made through land-based gambling, with table game income growing by 40.7% to $1.02 billion and retail slot machine revenue increasing by 27.7% to $2.41 billion. Sports betting revenue increased by 2.2% to $315.8 million.
With $160.1 million in revenue, Valley Forge and its partner FanDuel led the sports betting industry. Hollywood Casino at the Meadows and Barstool came in second with $52.5 million, followed by Hollywood Casino at Penn National and DraftKings with $23.8 million.
Internet gambling PA income went up by 15.8% to $102.9 million, with revenue from online slots standing at $72.3 million, online table games at $28.0 million, and online poker at $2.6 million.
With $42.0 million in revenue, Hollywood Casino at Penn National came out on top of the industry, followed by Rivers Casino Philadelphia with $25.5 million and Valley Forge Casino Resort with $18.4 million.
Income from video gaming terminals increased 6.2% year over year to $3.5 million while revenue from fantasy sports competitions decreased by 20.4% to $1.5 million.