Gaming Control Board Reports 6.2% Revenue Increase in September – Record Revenue for iGaming Achieved
Record revenue for iGaming achieved
HARRISBURG, PA (October 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 September 2023 was $476,278,004, an increase of 6.20% compared to revenue generated in September 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/.
The following compiles all revenue generated in September 2023 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in September 2022.
September Revenue by Game Type
The PGCB is also providing a synopsis of revenue year-over-year by types of games:
Slot Machine Revenue
September’s revenue from slot machines was $199,917,301, a 0.70% increase in revenue when compared to the $198,525,285 generated in September 2022.
The number of slot machines in operation in September 2023 was 25,124 compared to 25,564 at the casinos in September 2022.
Tax revenue from the play of slots machines in September 2023 was $101,129,780*.
Retail Table Games Revenue
Retail Table games revenue for September 2023 was $75,227,736, a decrease of 7.83% from September 2022 when revenue was $81,620,804.
Total tax revenue from table games play during September 2023 was $12,341,331*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated a record amount of monthly gross revenue totaling $159,490,505 during September 2023 compared to $112,728,528 in September 2022, an increase of 41.48%. The previous high month was March 2023 when revenue was $148,189,028.
Tax revenue generated from internet gaming play during September 2023 was $69,110,326*.
Sports Wagering Revenue
September 2023, total sports wagering handle was $726,259,712 or 12.56% above the September 2022 total of $645,242,681. At the same time, the taxable revenue figure for September 2023 was $36,633,084, or 27.05% lower when compared to September 2022, when taxable revenue was $50,216,969.
Tax revenue generated from sports wagering during September 2023 was $13,187,910*.
Video Gaming Terminals
Total adjusted revenue for September 2023 for video gaming terminals (VGTs) was $3,245,541, or 7.18% lower than September 2022 when revenue was $3,496,670. By the close of September 2023, VGT Terminal Operators were operating the maximum permitted five machines at 69 qualified truck stop establishments, compared to five machines at 66 establishments at this time last year.
Tax revenue collected from the play of VGTs in September 2023 was $1,687,681*.
Fantasy Contests revenue was $1,763,838 in September 2023, a decrease of 6.55% over September 2022, when revenue was $1,887,368.
Tax revenue collected from the play of Fantasy Contests in September 2023 was $264,576*.
*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 $2.3 billion in tax revenue during the 2022/2023 State Fiscal Year.
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 X (formerly Twitter) by choosing @PAGamingControl.
SOURCE: he Pennsylvania Gaming Control Board.Tags: 6.2% Revenue Increase In September, The Pennsylvania Gaming Control Board, iGaming