Gaming Control Board Reports Record Monthly Gaming Revenue In December
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 December 2022 was $474,956,990, an increase of 16.89% compared to revenue generated in December 2021, and was the highest monthly total to date.
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.
The December revenue total eclipsed the previous high set in March 2022 by 3.3% when revenue was $462,740,098.
Total tax revenue generated collectively through all forms of gaming and fantasy contests was $192,082,853 during December 2022.
December Revenue by Game Type
The Board is also providing a synopsis of revenue year-over-year by types of games:
Retail Slot Machine Revenue
December’s gross revenue from slot machines was $198,027,545 a 1.29% increase in revenue when compared to the $195,499,060 generated in December 2021.
The number of slot machines in operation in December 2022 was 25,391 compared to 26,137 at the casinos in December 2021.
Tax revenue from the play of slot machines in December 2022 was $100,693,109*.
Retail Table Games Revenue
Table games revenue for December 2022 was $81,655,998, a decrease of -2.04% from December 2021 when revenue was $83,356,404.
Total tax revenue from table games play during December 2022 was $13,265,242*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated gross revenue of $134,578,285 during December 2022 compared to $102,111,404 in December 2021, an increase of 31.80%. December’s total was the highest monthly amount of Igaming revenue to date eclipsing the $128,639,234 amount in November 2022.
Tax revenue generated from internet gaming play during December 2022 was also the highest monthly amount to date at $56,316,539*.
Sports Wagering Revenue
December 2022 total sports wagering handle was $754,849,873, a 0.59% increase over the December 2021 total of $750,388,696. At the same time, the taxable revenue figure for December 2022 was $54,624,271 compared to $18,817,768 in December 2021, an increase of 190.28%.
Video Gaming Terminals
Total adjusted revenue for December 2022 for video gaming terminals (VGTs) was $3,331,328 or -0.71% lower than December 2021 when revenue was $3,355,153. By the close of December 2022, VGT Terminal Operators were operating the maximum permitted five machines at 66 qualified truck stop establishments.
Tax revenue collected from the play of VGTs in December 2022 was $1,732,291*
Fantasy Contests revenue was $2,739,563 in December 2022, a decrease of -14.10% over December 2021, when revenue was $3,189,167.
Tax revenue collected from the play of Fantasy Contests in December 2022 was $410,934*.
*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 in 2022.
Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.
SOURCE: Pennsylvania Gaming Control Board.Tags: The Pennsylvania Gaming Control Board, December 2022, Gaming Revenue