Pennsylvania gambling revenue hits new record of $3.3 billion a year

Business News

The Pennsylvania Gaming Control Board has reported for the first-time combined fiscal year revenue figures that include sports wagering and fantasy sports contests under the expanded Gaming Act.

The combined gross revenue includes slot machine, table games and sports wagering at the 12 Commonwealth casinos along with fantasy sports contests.

The total revenue of $3,309,766,175 eclipsed the previous high state fiscal year total of 2017/2018 and was more than $59 million above (1.8% higher) the total revenue achieved in that fiscal year.

Estimated combined tax revenue from these gambling initiatives for the 2018/2019 fiscal year was $1,390,870,251 compared to $1,337,298,788 in the previous fiscal year. Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue.

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