PA Gaming Control Board Reports Gaming Revenue For November
HARRISBURG, PA (December 19, 2022) — The Pennsylvania Gaming Control Board reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during November 2022 was $452,357,922, an increase of 4.59% compared to revenue generated in November 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 $181,826,409 during November 2022.
November Revenue by Game Type
The Board is also providing a synopsis of revenue year-over-year by types of games:
Retail Slot Machine Revenue
November’s gross revenue from slot machines was $185,562,394 a 0.04% increase in revenue when compared to the $185,481,243 generated in November 2021.
The number of slot machines in operation in November 2022 was 25,430 compared to 25,526 at the casinos in November 2021.
Tax revenue from the play of slots machines in November 2022 was $94,319,873*
Retail Table Games Revenue
Table games revenue for November 2022 was $79,231,466, a decrease of -4.43% from November 2021 when revenue was $82,901,759.
Total tax revenue from table games play during November 2022 was $12,782,288*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated gross revenue of $128,639,234 during November 2022 compared to $93,889,261 in November 2021, an increase of 37.01%.
November’s total was the highest monthly amount of revenue to date eclipsing the $124,507,915 amount in October 2022.
Tax revenue generated from internet gaming play during November 2022 was also the highest monthly amount to date at $53,479,002*.
Sports Wagering Revenue
November 2022 total sports wagering handle was $789,230,672, a 3.63% increase over the November 2021 total of $761,574,597. At the same time, the taxable revenue figure for November 2022 was $52,880,925 compared to $63,674,326 in November 2021, a decrease of 16.95%.
Tax revenue generated from sports wagering during November 2022 was $19,037,133*.
Video Gaming Terminals
Total adjusted revenue for November 2022 for video gaming terminals (VGTs) was $3,517,643 or 10.43% higher than November 2021 when revenue was $3,185,451. By the close of November 2022, VGT Terminal Operators were operating the maximum permitted five machines at all 67 qualified truck stop establishments.
Tax revenue collected from the play of VGTs in November 2022 was $1,829,174*.
Fantasy Contests’ revenue was $2,526,261 in November 2022, a decrease of 24.77% over November 2021, when revenue was $3,358,090.
Tax revenue collected from the play of Fantasy Contests in November 2022 was $378,939*.
*All tax revenue figures reflect the 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 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 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: The Pennsylvania Gaming Control Board.Tags: The Pennsylvania Gaming Control Board, increase of 4.59% compared to revenue generated in November 2021