PA Gaming Control Board Reports All-time Calendar Year High For Gaming Revenue
HARRISBURG, PA: It was another record year for legalized gaming regulated by the Pennsylvania Gaming Control Board (PGCB) with revenue nearly a half billion dollars higher than the previous year.
In the calendar year 2022, the combined revenue of slot machines, table games, sports wagering, iGaming, video gaming terminals (VGTs), and fantasy contests totaled $5,211,303,191compared to $4,734,552,201 in 2021.
This also resulted in a record combined tax revenue production from gaming in 2022 of $2,123,015,118 compared to $1,931,219,603 in 2021. Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue.
Retail Slot Machine Revenue
Gross revenue from slot machines at the casinos was $2,390,757,300, a 4.51% increase in revenue when compared to the $2,287,529,465 generated in 2021.
Retail Table Games Revenue
2022 revenue from table games at the casinos was $990,568,468, an 7.10% increase in revenue when compared to the $924,902,965 generated in 2021.
Sports Wagering Revenue
2022 revenue from sports wagering was $401,208,108, an 17.96% increase in revenue when compared to the $340,113,160 generated in 2021. Sports wagering handle, the amount wagered through both retail and online, was $7.25 billion, an 10.67% increase over 2021’s handle of $6.55 billion.
Fantasy Contests Revenue
2022 revenue from fantasy contests was $22,297,399, a -23.90% decrease in revenue when compared to the $29,298,635 generated in 2021.
2022 revenue for iGaming was $1,364,392,468 a 22.60% increase in revenue when compared to the $1,112,855,937 generated in 2021. At the end of 2021, there were 10 iGaming certificate holders in Pennsylvania.
Video Gaming Terminals (VGTs)
2022 revenue for VGTs at Truck Stops was $42,079,447 a 5.59% increase in revenue when compared to the $39,852,039 generated in 2021. At the end of the year, there were 66 VGT facilities in Pennsylvania.
Breakdowns of revenue by types of gambling and by the operator are available on the Board’s website under the “Revenue” tab at this link.
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: gross gaming revenue (GGR), The Pennsylvania Gaming Control Board