Pennsylvania’s Gaming Revenue Reaches $429 Million

Arsenii Anderson
Pennsylvania’s Gaming Revenue Reaches $429 Million

Over $429 million in gaming income was recorded by the Pennsylvania Gaming Control Board in July 2022, an increase of 1.28% over the same month in 2021. The total tax income produced by all types of gaming and fantasy sports in July 2022 was $177.1 million.

The total amount wagered on sports in July 2022 was $336.5 million, a 10.54% increase over the $304.4 million total in July 2021. Additionally, the taxable revenue for July 2022 increased by 28.14% to $25.4 million from $19.8 million in July 2021. The revenue from fantasy competitions fell by 45.32% to $858.5 in July 2022 from July 2021.

The Tokyo Olympics in late July 2021 and the start of a Major League Baseball season after the COVID-19 outbreak shortened the 2020 season might both be contributing factors to the decline in sports betting. Slot machine gross income for July was $213.9 million which is a 4.03% revenue decline from July 2021. The income from table games went down by 0.27% to $86.6 from July 2021.

Online casino gambling in Pennsylvania produced $98.5 million in gross income in July 2022 as opposed to $88.6 million in July 2021, an increase of 11.15%. The total adjusted revenue for video gaming terminals in July 2022 was $3.6 million, which is 3.73% less than the revenue of $3.7 million in July 2021.

At the end of July 2022, four VGT Terminal Operators were running the maximum number of five machines allowed at 66 truck stop locations.

Most Recent News