Pennsylvania gambling revenue up 7% in June
The Pennsylvania Gaming Control Board reported that tax revenue generated during the combined Fiscal Year 2023/2024 reached a record level of $2.54 billion.
This tax figure is the result of a record combined revenue generation of over $5.89 billion from casino slot machines and table games, iGaming, sports wagering, video gaming terminals (VGTs) and fantasy sports contests.
The previous high for gaming revenue and tax revenue in a fiscal year was during 2022/2023 with $5.5 billion and $2.36 billion respectively. The estimated amounts for revenue and taxes being reported are prior to any possible adjustments by the PA Department of Revenue.
Fiscal Year 2023/24 revenue from iGaming was an $1,949,017,248, a 27.16% increase in revenue when compared to the $1,532,761,065 generated in Fiscal Year 2022/23. This revenue amount is a high mark for a fiscal year.
Sports wagering was $486,566,429, a 1.10% decrease in revenue when compared to the $491,960,612 generated in Fiscal Year 2022/23.