Pennsylvania reaches $5bn for gambling revenue for the full-year 21-22
Pennsylvania casinos reached a new $5bn record for gambling revenue for the 12 months through 30 June 2022.
This is the first time Pennsylvania’s revenue has surpassed $5bn, amid increased betting on online casino games, and a post-pandemic resurgence of the Keystone State’s land-based slot machines and table games.
These record-breaking figures reported by regulator Pennsylvania Gaming Control Board were 30% higher than the $3.9bn Pennsylvania reported for the previous year. It is also slightly above the calendar year high of $4.7bn Pennsylvania reported in January this year.
Pennsylvania’s land-based revenue came from 16 casinos, including four new mini-casinos the state authorised in 2017, as well as fantasy sports operators and truck stops.
Casino revenue from slot machines grew by $2.4bn for the fiscal year, while table game revenue reached $1bn.
Furthermore, Pennsylvania’s online gambling sector grew again in its fourth year, surpassing $1.2bn, while sports betting added $325m to the state’s overall revenue.
Pennsylvania was one of the US’ first jurisdictions to legalise online sports betting and iGaming. It has expanded its operations aggressively since 2017.
The Keystone State has been level with New Jersey for the second spot in commercial gaming revenue behind US gaming capital Nevada.
It has, however, taken the most in gambling tax revenue since its market launched, according to figures from the American Gaming Association.
In May, Pennsylvania reported gaming revenue of $448m; this marked an 8% increase from May 2021.
Parx Casino made the most of any Pennsylvania casino in May, taking $34.3m. Despite taking top spot, Parx Casino’s gaming revenue was down 9%.
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