Pennsylvania gaming revenue up 52% year-on-year
The Pennsylvania Gaming Control Board has reported that revenue in November was a record $432,493,349 which represents an increase of 52% compared to revenue generated in November 2020. Sports betting revenue also showed record figures.
US.- The Pennsylvania Gaming Control Board has reported that the state’s combined revenue from regulated gaming and fantasy contests reached $432.4m in November. That’s an increase of 52 per cent rise from November 2020. It also breaks the previous record of $425.9m set in October. The report also showed that the taxable sports wagering revenue grew 70 per cent year-on-year.
Sources of gaming revenue regulated by the Pennsylvania Gaming Control Board include slot machines, table games, internet gaming, retail and internet sports wagering, fantasy contests and video gaming terminals (VGTs).
Total tax revenue generated collectively through all forms of gaming and fantasy contests was $171.8m during November 2021.
Pennsylvania gaming revenue by segment
November’s gross revenue from slot machines at the casinos was $185.4m, a 43 per cent increase in revenue when compared to the $129.5m generated in November 2020. Tax revenue from slots was $94.3m. Table games revenue was $82.9m, an increase of 58.42 per cent year-on-year.
Casino games offered online generated gross revenue of $93.8m during November 2021 an increase of 57 per cent compared to November 2020 ($59.7m). Tax revenue generated from internet gaming play was $39.1m.
Sports wagering figures were record-breaking in November. Sports betting handle was $761.5m, compared to November 2020’s $491.9m. Although November didn’t surpass October’s record of $776.3m, daily betting volume was $25.4m per day, compared to $25m daily for October.
On the other hand, the taxable sports wagering revenue figure for November 2021 of $63.6m did represent a record high and was 70 per cent above the previous high month achieved last November when taxable revenue was $37.3m.
Total adjusted revenue for November for video gaming terminals (VGTs) was $3.1m, 41 per cent higher than November 2020. By the close of November four VGT Terminal Operators were operating five machines at each of 59 truck stop establishments.
See also: Pennsylvania sets new state record for gaming revenue
