Gaming Revenue in Pennsylvania Up by Half a Billion Dollars from the Previous Year
The Keystone State recorded another record year in gambling revenue. Legalized gaming under Pennsylvania Gaming Control Board recorded a revenue increase of nearly a half billion dollars compared to 2021.
PGCB measures combined revenue from slot machines, table games, sports wagering, iGaming, video gaming terminals, and fantasy contests. In 2022, those industries had total revenue of $5,2 billion. To put things into perspective, the same group recorded 1,9 billion in 2021. This factor was the reason for opening the newest PA online casino. These figures are a reflection of revenue generated before adjustments by the PA Department of Revenue.
Slots Are Leading Again, with Table Games Firmly in Second Place
Retail slot machine revenue had the most significant share of the pie, which is a recurring theme for legalized gaming in Pennsylvania. Slots had a gross income at land-based casinos of $2.3 billion. If we compare the money generated, slot machines had a 4.51% increase compared to the previous year.
Various table games like PA online poker, blackjack, baccarat, roulette and others had a more considerable increase of 7.10% but are still behind in total gross revenue. However, table games at Pennsylvania casinos had $990,568, which is a substantial move forward compared to 2021.
Bookmakers and iGaming
One of the biggest increases in percentage from year to year comes in revenue generated by bookmakers. Sports wagering numbers are $400 million, a whopping 17.96% increase in revenue compared to 2021. Houses claimed $400 million, but the bettors invested more in retail and PA sports betting app than $7.25 billion. It is a massive increase of 10.67%.
Pennsylvania is now in the process of giving new iGaming licenses. There are ten holders of iGaming licenses, and their joint revenue in 2022 was $1.36 billion, which is 22.60% more than what was generated in 2021. iGaming had the most significant increase in legalized gaming in the Keystone State. Video gaming terminals (VGT) at the state truck stops also experienced a boost with $42 million generated revenue. At 66 facilities across the state, VGTs had a 5.59% increase compared to 2021.