Pennsylvania lottery profits with online gambling
Online gambling in Pennsylvania brought US$31.3 million for the state lottery during the first year of operations up to June 30, 2019.
US.- The online gaming industry has been blossoming in the US, and Pennsylvania took advantage of it. During the 12 months to June 30, the Pennsylvania Lottery totalled a US$31.3 million profit. Such money came from iLottery games’ sales of US$381 million in their first full year.
The Pennsylvania Lottery generated total sales of US$4.5 billion, 7.2% better than fiscal 2017-18. Profit hit US$1.14 billion, up US$49.6 million from the year before. It was also US$20 million higher than the previous record, set in 2015-16.
Gaming revenue in the state
The Pennsylvania Gaming Control Board (PGCB) reported for the first time earlier this month 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.
