Gaming Control Board Reports Revenue increase of 7.05% in May Compared to Revenue Generated in May 2022
HARRISBURG, PA (June 20, 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 May 2023 was $479,377,660, an increase of 7.05% compared to revenue generated in May 2022.
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 $197,918,815* during May 2023.
May Revenue by Game Type
The PGCB is also providing a synopsis of revenue year-over-year by types of games:
Slot Machine Revenue
May’s revenue from slot machines was $210,862,268, a 2.53% increase in revenue when compared to the $205,666,269 generated in May 2022.
The number of slot machines in operation in May 2023 was 25,495 compared to 26,004 at the casinos in May 2022.
Tax revenue from the play of slots machines in May 2023 was $106,976,953*.
Retail Table Games Revenue
Retail Table games revenue for May 2023 was down year over year with revenue of $81,648,355, a decrease of 7.82% from May 2022 when revenue was $88,577,662.
Total tax revenue from table games play during May 2023 was $13,337,749*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated gross revenue of $140,971,051 during May 2023 compared to $113,305,939 in May 2022 an increase of 24.42%.
Tax revenue generated from internet gaming play during May 2023 was $60,763,902*.
Sports Wagering Revenue
May 2023 total sports wagering handle was $495,585,360 or 0.45% above the May 2022 total of $493,350,519. At the same time, the taxable revenue figure for May 2023 was $41,104,590 or 17.41% higher when compared to May 2022 when taxable revenue was $35,009,849.
Tax revenue generated from sports wagering during May 2023 was $14,797,653*.
Video Gaming Terminals
Total adjusted revenue for May 2023 for video gaming terminals (VGTs) was $3,577,972 or 2.43% lower than May 2022 when revenue was $3,667,234. By the close of May 2023, VGT Terminal Operators were operating the maximum permitted five machines at 68 qualified truck stop establishments compared to five machines at 64 establishments at this time last year.
Tax revenue collected from the play of VGTs in May 2023 was $1,860,545*.
Fantasy Contests revenue was $1,213,424 in May 2023, a decrease of 22.58% over May 2022, when revenue was $1,567,341.
Tax revenue collected from the play of Fantasy Contests in May 2023 was $182,014*.
*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 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 racetrack (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: The Pennsylvania Gaming Control Board.Tags: The Pennsylvania Gaming Control Board, May 2023 Revenue