PA Gaming Control Board Reports Gaming Revenue For August, Increase of 4.24% Compared to Corresponding period Last Year
HARRISBURG, PA: The Pennsylvania Gaming Control Board reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during August 2022 was $425,390,202 an increase of 4.24% compared to revenue generated in August 2021.
Sources of gaming revenue regulated by the Pennsylvania Gaming Control Board include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). The Board 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 $175,309,778 during August 2022.
August Revenue by Game Type
The Board is also providing a synopsis of revenue year-over-year by types of games:
|Type of Gaming Revenue||August 2022||August 2021||% Change|
|Retail Slots Revenue||$201,277,627||$209,820,720||-4.07%|
|Retail Tables Revenue||$78,453,939||$86,313,388||-9.11%|
|iGaming Slot Revenue||$75,718,484||$66,319,481||14.17%|
|Sports Wagering Revenue||$33,953,300||$18,007,244||88.55%|
|iGaming Tables Revenue||$28,721,895||$19,202,547||49.57%|
|Video Gaming Terminals Revenue||$3,683,907||$3,621,722||1.72%|
|iGaming Poker Revenue||$2,739,963||$3,196,992||-14.30%|
|Fantasy Contests Revenue||$841,087||$1,609,978||-47.76%|
|Total Gaming Revenue||$425,390,202||$408,092,073||4.24%|
Retail Slot Machine Revenue
August’s gross revenue from slot machines was $201,277,627, a 4.07% decrease in revenue when compared to the $209,820,720 generated in August 2021.
The number of slot machines in operation in August 2022 was 25,595 compared to 26,017 at the casinos in August 2021.
Tax revenue from the play of slots machines in August 2022 was $102,505,132*.
Retail Table Games Revenue
Table games revenue for August 2022 was $78,453,939, a decrease of 9.11% from August 2021 when revenue was $86,313,388.
Total tax revenue from table games play during August 2022 was $12,631,325*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated gross revenue of $107,180,341 during August 2022 compared to $88,719,021 in August 2021 an increase of 20.81%.
Tax revenue generated from internet gaming play during August 2022 was $45,908,338*.
Sports Wagering Revenue
August 2022 total sports wagering handle was $363,046,972 a 4.17% increase over the August 2021 total of $348,520,369. At the same time, the taxable revenue figure for August 2022 was $33,953,300 compared to $18,007,244 in August 2021 an increase of 88.55%.
Tax revenue generated from sports wagering during August 2022 was $12,223,188*.
Video Gaming Terminals
Total adjusted revenue for August 2022 for video gaming terminals (VGTs) was $3,683,907 or 1.72% higher than August 2021 when revenue was $3,621,722. By the close of August 2022, four VGT Terminal Operators were operating the maximum permitted five machines at 66 truck stop establishments.
Fantasy Contests revenue was $841,087 in August 2022, a decrease of 47.76% over August 2021, when revenue was $1,609,978.
Tax revenue collected from the play of Fantasy Contests in August 2022 was $126,163*.
*All tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue
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 racetrack (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 generated 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: Pennsylvania Gaming Control Board.2022, increase of 4.24% compared to August 2021, Pennsylvania Gaming Control Board, Gaming Revenue For August