Pennsylvania reaches 5bn for gambling revenue for the full-year 21-22
Pennsylvania casinos reached a new $5bn record for gambling revenue for the 12 months through 30 June 2022
Pennsylvania casinos reached a new $5bn register for gambling revenue for the 12 months through 30 June 2022.
This is the first clip Pennsylvania’s revenue has surpassed $5bn, amid increased betting on online casino games, and a post-pandemic resurgence of the Keystone State’s land-based one-armed bandit machines and tabularize games.
These record-breaking figures reported by regulator Pennsylvania Gaming Control Board were 30% higher than the $3.9bn Keystone State reported for the previous year. It is also somewhat to a higher place the calendar twelvemonth luxuriously of $4.7bn Pennsylvania reported inward Jan this year.
Pennsylvania’s land-based revenue came from 16 casinos, including IV new mini-casinos the province authorised inward 2017, as substantially as fantasy sports operators and truck stops.
Casino revenue from expansion slot machines grew past $2.4bn for the fiscal year, while tabularize gamy revenue reached $1bn.
Furthermore, Pennsylvania’s online gaming sector grew once more inward its 4th year, surpassing $1.2bn, spell sports betting added $325m to the state’s boilersuit revenue.
Pennsylvania was single of the US’ first of all jurisdictions to legalise online sports betting and iGaming. It has expanded its trading operations sharply since 2017.
The Keystone State has been spirit level with New Jersey for the endorse speckle inward commercial message gaming revenue behind US gaming capital letter Nevada.
It has, however, taken the to the highest degree inward gaming tax revenue since its marketplace launched, according to figures from the American Gaming Association.
In May, Pennsylvania reported gaming revenue of $448m; this pronounced an 8% step-up from May 2021.
Parx Casino made the most of any Keystone State gambling casino inwards May, taking $34.3m. Despite taking whirligig spot, Parx Casino’s gaming revenue was downwards 9%.
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