Pennsylvania breaks annual record for gambling revenue

Gambling in Pennsylvania reached nearly $3.9bn in the last fiscal year, smashing the previous record for a single fiscal year.

US.- Gambling revenue in Pennsylvania reached nearly $3.9bn in the last fiscal year, the Pennsylvania Gaming Control Board has revealed. That’s beat the previous annual record of $3.3bn in the 2018/19 fiscal year by about 17 per cent.

The figure posted by the state’s 14 operating casinos, fantasy sports operators and truck stops was 40 per cent higher than the previous year due to online gaming and sports betting.

Despite the record figures, slot machines revenue of $1.9bn and table games revenue of $721m failed to beat the previous year’s results. However, online casino gambling revenue crossed the $900m mark in its second year operating, while sports betting revenue reached $309m.

The PGCB said: “Since 2018/2019, there has been significant growth in the nascent sports wagering and fantasy sports contests markets, along with the establishment of both the igaming and VGT markets.

“Those four markets combined constituted almost 33 per cent of the total revenue achieved in Fiscal Year 2020/2021.”