Pennsylvania gambling revenue rises to $520 million in May

Finance News

The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during May 2024 was $520,997,868, an increase of 8.68% compared to revenue generated in May 2023.

Games offered online generated monthly gross revenue totaling $174,089,510 during May 2024 compared to $140,971,051 in May 2023, an increase of 23.49%.

May 2024, total sports wagering handle was $591,912,626 or 19.44% above the May 2023 total of $495,585,360. 

At the same time, the taxable revenue figure for May 2024 was $44,212,853, or 7.56% higher when compared to May 2023, when taxable revenue was $41,104,590. Fantasy Contests revenue was $1,150,472 in May 2024, a decrease of 5.19% over May 2023, when revenue was $1,213,424.