Operator News
US – Pennsylvania gaming revenue surpasses $500m for the first time
By Phil - 20 April 2023
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 per cent 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.
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 for March 2023 was down year over year with revenue of $85,880,299 showing a decrease of 8.91 per cent from March 2022 when revenue was $94,280,351.
Total tax revenue from table games play during March 2023 was $14,017,696.
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 per cent. 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.
March 2023 total sports wagering handle was $723,545,806 or 1.2 per cent 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 per cent 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.
Total adjusted revenue for March 2023 for video gaming terminals (VGTs) was $3,757,506 or 1.87 per cent 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 revenue was $1,398,651 in March 2023, an increase of 0.59% over March 2022, when revenue was $1,390,443.
