Pennsylvania Gaming Industry Smashes Previous Record, Revenue Totals $3.8B

Pennsylvania gaming revenue totaled just shy of $3.875 one thousand million inward the 2020/21 fiscal year. It’s easy the highest yearly stigma in the decade-long story of the country gaming manufacture with sound expansion slot machines and tabularise games.

According to information supplied today by the PA Gaming Control Board, revenue gaming revenue (GGR) from all verticals from July 1, 2020 through and through June 30, 2021 totaled $3,874,923,386. That’s 17 percent amend than the state’s previous record of $3.3 billion, exercise set during the 2018/19 financial year.

Along with the state’s 14 commercial message land-based casinos, PA is place to iGaming, with online slots and tabularise games, in-person and roving sports betting, day-after-day fantasize sports, and picture gaming terminals (VGTs) located inner motortruck stops. Outside of brick-and-mortar casinos and fantasise sports, the other gaming formats came by right smart of a 2017 expanded gaming bundle passed past PA lawmakers and signed past Gov. Uncle Tom Hugo Wolf (D).

Since 2018/2019, in that respect has been significant growth in the nascent sports wagering and fantasy sports contests markets, on with the ecesis of both the iGaming and VGT markets,” a PGCB statement explained. “Those four markets combined constituted almost 33 percent of the number revenue achieved inwards Fiscal Year 2020/2021.”

The 17 percent surge on the before all-time topper GGR German mark way land gaming entities won $565.1 1000000 to a greater extent from gamblers in ’20/21 than they did inwards ’18/19.

Land Ops Struggle

COVID-19 led to reduced GGR at Pennsylvania’s brick-and-mortar casinos.

The gaming board’s 2020/2021 financial yr included regulatory layovers from the pandemic. Only this May were casinos permitted to homecoming to 100 percent capacity. Face masks were required until June 28.

The closures and operating restrictions resulted inward expansion slot political machine revenue tumbling from $2.37 one thousand million inwards 2018/19 to $1.88 1000000000 in 2020/21. Table win declined from $885.5 meg to $721.7 million. The losses, however, were easy offset by iGaming and sports betting, the latter which is also primarily done online.

Internet slot machines, table games, and poker game fees totaled $897.2 trillion over the yesteryear 12 months. That’s a stunning $656.3 gazillion jump from 2019/20. Sportsbooks also fared extraordinarily well, GGR coming inwards at $308.8 million, a $195.1 1000000 year-over-year increase.

Revenue from fantasy sports jumped from $20.8 one thousand thousand to $28.1 million, and VGT child's play skyrocketed from $6.8 billion to $31.3 million.

June Finish

Along with the 2020/21 fiscal report, the PGCB today reported on June 2021 revenue.

Statewide gaming revenue totaled $388.9 million, a 193 percent premium on June 2020. Last month’s GGR was also to a greater extent than 43 percent break than June 2019 gaming generated revenue of $271.3 million.

Last month, retail slots and tables kept $260.5 billion of patrons’ bets. iGaming generated GGR of $89 million, sportsbooks won $34.4 million, and VGTs reported $3.3 1000000 inward revenue. Fantasy sports contests garnered just about $1.9 billion inward fees.