Monthly Pennsylvania Gaming Revenue Exceeds A Half Billion Dollars for the First Time

Gaming Control Board reports that numerous revenue records were broken in the iGaming sector

HARRISBURG, PA. (April 18, 2023) — The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during March 2023 was $515,278,831, an increase of 11.35% compared to revenue generated in March 2022. The PGCB also noted that this monthly revenue number exceeded the half-billion mark for the first time since legalized gambling began in 2006.

Sources of gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). The PGCB 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 $212,372,453* during March 2023.

 March  Revenue by Game Type

The PGCB is also providing a synopsis of revenue year-over-year by types of games:

Slot Machine Revenue

March’s revenue from slot machines was $225,408,088, a 4.98% increase in revenue when compared to the $214,721,028 generated in March 2022.

The number of slot machines in operation in March 2023 was 25,643 compared to 26,107 at the casinos in March 2022.

Tax revenue from the play of slot machines in March of 2023 was $114,424,145*.

Retail Table Games Revenue

Retail Table games revenue for March 2023 was down year over year with revenue of $85,880,299 showing a decrease of 8.91% from March 2022 when revenue was $94,280,351.

Total tax revenue from table games play during March 2023 was $14,017,696*.

Internet Casino-Type Gaming (iGaming) Revenue

Casino games offered online generated gross revenue of $148,189,028 during March 2023 compared to $118,118,408 in March 2022 an increase of 25.46%.  Monthly revenue records were set for slots, table games and overall iGaming revenue.

Tax revenue generated from internet gaming play during March 2023 was $63,534,618*.

Sports Wagering Revenue

March 2023 total sports wagering handle was $723,545,806 or 1.20% above the March 2022 total of $714,976,578. At the same time, the taxable revenue figure for March 2023 was $50,645,259 or 66.59% higher when compared to March 2022 when taxable revenue was $30,400,581.

Tax revenue generated from sports wagering during March 2023 was $18,232,293*.

Video Gaming Terminals

Total adjusted revenue for March 2023 for video gaming terminals (VGTs) was $3,757,506 or 1.87% lower than March 2022 when revenue was $3,829,287. By the close of March 2023, VGT Terminal Operators were operating the maximum permitted five machines at 66 qualified truck stop establishments compared to five machines at 63 establishments at this time last year.

Tax revenue collected from the play of VGTs in March 2023 was $1,953,903*.

Fantasy Contests

Fantasy Contests’ revenue was $1,398,651 in March 2023, an increase of 0.59% over March 2022, when revenue was $1,390,443.

Tax revenue collected from the play of Fantasy Contests in March 2023 was $209,798*.

*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 17 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 four mini-casinos (Category 4).  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.