Pennsylvania Gaming Control Board Reports Record Tax Raevenue Achieved In 2022/2023 Fiscal Year From Legal Gambling
HARRISBURG, PA: The Pennsylvania Gaming Control Board today reported that tax revenue generated during the combined Fiscal Year 2022/2023 reached a record level of $2,369,249,258.
This tax figure is the result of a record combined revenue generation of over $5.5 billion from casino slot machines and table games, iGaming, sports wagering, video gaming terminals (VGTs) and fantasy sports contests. The previous high for gaming revenue and tax revenue in a fiscal year was during 2021/2022 with $5.04 billion and $2.16 billion respectively. The estimated amounts for revenue and taxes being reported is prior to any possible adjustments by the PA Department of Revenue.
Retail Slot Machine Revenue
Fiscal Year 2022/23 gross revenue from slot machines at the casinos was $2,452,239,440, a 1.74% increase in revenue when compared to the $2,410,313,212 generated in Fiscal Year 2021/22. It represents the second highest fiscal year slot machine revenue figure trailing only revenue generated in 2011/12.
Tax revenue from the play of slots machines in Fiscal Year 2022/23, including mandated fees paid by some operators, amounted to $1,356,438,542.
Retail Table Games Revenue
Fiscal Year 2022/23 gross revenue from table games at the casinos was $974,018,112, a 4.11% decrease in revenue when compared to the $1,015,735,661 generated in Fiscal Year 2021/22.
Tax revenue from the play of table games in Fiscal Year 2022/23 was $158,150,744.
Internet Casino-Type Gaming (iGaming) Revenue
Fiscal Year 2022/23 revenue from iGaming was an $1,532,761,065, a 24.38% increase in revenue when compared to the $1,232,309,138 generated in Fiscal Year 2021/22. This revenue amount is a high mark for a fiscal year.
Tax revenue from iGaming in Fiscal Year 2022/23 was $652,554,334.
Sports Wagering Revenue
Fiscal Year 2022/23 revenue from sports wagering was $491,960,612, a 55.82% increase in revenue when compared to the $315,716,247 generated in Fiscal Year 2021/22. This revenue amount is a high mark for a fiscal year.
Tax revenue from Sports Wagering in Fiscal Year 2022/23 was $177,105,820.
Video Gaming Terminals
Fiscal Year 2022/23 revenue for Video Gaming Terminals at Truck Stops was $42,114,593, a 1.28% increase when compared to the $41,584,158 in Fiscal Year 2021/22. This revenue amount is a high mark for a fiscal year. At the end of this fiscal year, there were 69 VGT facilities operating in Pennsylvania compared to 65 facilities in operation at the end of Fiscal Year 2021/2022.
Tax revenue from VGTs in Fiscal Year 2022/23 was $21,899,588.
Fantasy Contests Revenue
Fiscal Year 2022/23 revenue from fantasy contests was $20,668,195, a 24.32% decrease in revenue when compared to the $27,308,782 generated in Fiscal Year 2021/22.
Tax revenue from Fantasy Contests in Fiscal Year 2022/23 was $3,100,229.
Breakdowns of revenue by types of gambling and by operator is available on the Board’s web site, www.gamingcontrolboard.pa.gov.
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 $2.3 billion in tax revenue in Fiscal Year 2022/23.
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: Pennsylvania Gaming Control Board, Tax Raevenue FY 2022/2023, Legal Gambling