Gaming revenue exceeds US$3.3b in Pennsylvania
The Pennsylvania Gaming Control Board reported that total gaming and fantasy contest revenue exceeded US$3.3 billion during the last fiscal year.
The.- The Pennsylvania Gaming Control Board (PGCB) reported for the first time on Thursday the combined fiscal year revenue figures that include sports wagering and fantasy sports contests (DFS) under the expanded Gaming Act.
The Pennsylvania regulator revealed that the combined gross revenue includes slot machine, table games and sports wagering at the 12 Commonwealth casinos along with DFS.
The total revenue of US$3.3 billion eclipsed the previous high state fiscal year total of 2017/2018 and was more than $59 million above – or 1.8% higher – the total revenue achieved in that fiscal year.
Furthermore, combined tax revenue from these gambling modalities for the 2018/2019 fiscal year was US$1.39 billion up from US$1.33 billion in the previous fiscal year.
While table games revenue was down slightly this fiscal year with total revenue in 2018-19 of US$885 million compared to US$895 million during the 2017-18 state fiscal year, slot machine revenue saw a US$26.5 million year-over-year increase in that same period. According to the report released on June 2 by the PGCB, revenue increased 1.1% during that period when compared to the previous fiscal year. Since the opening of the first casino in November of 2006, revenue from slot machine play has totalled US$27 billion.
Tax revenue produced through table games play was US$142 million in fiscal year 2018-19, higher than the US$144 million a year before. Table games revenue posted US$68.9 million, a 6.3% decrease compared to June 2018.
Moreover, June 2019 fantasy sports contests revenue was US$1.5 million, an increase of 56% over June of last year when fantasy contests revenue was US$1 million. Tax revenue collected from the play of fantasy contest for last month was US$238k.
