Ad
Ad
Ad

Pennsylvania Gaming Control Board Reports Record Fiscal Year Revenue

July 22, 2022 | Government

HARRISBURG, PA (July 20, 2022) —  The Pennsylvania Gaming Control Board today reported that the combined the Fiscal Year 2021/2022 revenue figures, which run from July 1st to June 30th, reached a record level at $5,042,967,392.

It was the first-time overall revenue for games regulated by the Gaming Control Board topped $5 billion during a fiscal year. In addition, the combined tax revenue from these games during the fiscal year will top $2 billion for the first time. The estimated amount, prior to any adjustments by the PA Department of Revenue is $2,052,630,568.

The previous high for gaming revenue and tax revenue in a fiscal year was during 2020/2021 with $3.87 billion and $1.59 billion respectively.

The Board notes that the overall revenue increase from the previous high fiscal year can be attributed to a record high in revenue for table games, along with continued growth in the Sports Wagering, iGaming and Video Gaming Terminal (VGT) markets.

Retail Slot Machine Revenue

The fiscal Year 2021/22 gross revenue from slot machines at the casinos was $2,410,313,212 a 27.69% increase in revenue when compared to the $1,887,573,437 generated in the Fiscal Year 2020/21.

Retail Table Games Revenue

The fiscal Year 2021/22 gross revenue from table games at the casinos was $1,015,735,661, a 40.73% increase in revenue when compared to the $721,763,471 generated in the Fiscal Year 2020/21. This revenue amount is a high mark for a fiscal year.

Internet Casino-Type Gaming (iGaming) Revenue

The fiscal Year 2021/22 revenue from iGaming was $1,232,309,138, a 37.35% increase in revenue when compared to the $897,216,020 generated in the Fiscal Year 2020/21. This revenue amount is a high mark for a fiscal year.

Sports Wagering Revenue

The fiscal Year 2021/22 revenue from sports wagering was $315,716,247, a 2.22% increase in revenue when compared to the $308,849,184 generated in the Fiscal Year 2020/21. This revenue amount is a high mark for a fiscal year.

Video Gaming Terminals

The fiscal Year 2021/22 revenue for Video Gaming Terminals at Truck Stops was $41,584,158 a 32.71% increase compared to the $31,334,744 in the Fiscal Year 2020/21.  This revenue amount is a high mark for a fiscal year. At the end of this fiscal year, there were 65 VGT facilities operating in Pennsylvania compared to 50 facilities in operation at the end of Fiscal Year 2020/2021.

Fantasy Contests Revenue

The fiscal Year 2021/22 revenue from fantasy contests was $27,308,782, a 3.11% decrease in revenue when compared to the $28,186,529 generated in the Fiscal Year 2020/21.

Breakdowns of revenue by types of gambling and by the operator are available on the Board’s website, www.gamingcontrolboard.pa.gov.

About the Pennsylvania Gaming Control Board

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of gambling involving 16 land-based casinos, online casino games, retail and online sports wagering, and Video Gaming Terminals (VGTs) at qualified truck stops, along with the regulation of online fantasy sports contests.

The land-based casino industry in Pennsylvania consists of six racetracks (Category 1) casinos, five stand-alone (Category 2) casinos, two resort (Category 3) casinos and three mini-casinos (Category 4).  Casino expansion will continue over the next couple of years with the anticipated openings of up to two additional Category 4 casinos. A significant job generator in the Commonwealth, casinos and the other types of Board-regulated gaming is expected to generate over $2 billion in tax revenue during the 2021/2022 State Fiscal Year.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at https://gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

SOURCE: The Pennsylvania Gaming Control Board.