The Pennsylvania Gaming Control Board (PGCB) has just published the gaming revenue data for July, which shows a notable rise in comparison to July of the previous year. According to the findings of the survey, Pennsylvania’s gaming industry saw modest year-over-year growth. In July 2022, the state’s gaming authority reported $429.07 million in earnings from all types of gambling, up 1.28 percent from the previous July.
In sum, this means that in July 2022, $177.1 million in tax revenue was collected from all gambling and fantasy sports combined. When compared to the total amount of $174.7 million collected in taxes during the month of July 2021, the total amount collected during July of this year was slightly higher, having climbed by 1.37%.
How the Casino Operators Faired
Only six out of the total 17 operators reported an increase in their income for the previous month. The Hollywood Casino Morgantown only brought in $570,794 in revenue during the month of July last year. The venue’s income hit a record high of $6.62 million in July of this year.
Earnings were up at Valley Forge Casino Resort in the previous month as well. This July, the resort’s revenue was $41.4 million, up from $35.3 million a year before. In a similar vein, Wind Creek Bethlehem’s revenue in July grew to $50 million, representing a nearly 14% rise over the previous month.
Earnings at the Meadows and Penn National Hollywood casinos increased by 6.25 and 4 percent, respectively, to $22 and $55.8 million. Comparatively, Harrah’s Philadelphia had a rise in revenue of less than 1%, to $18.4 million, in July, while Parx Casino saw a drop of over 12%, to $56.4 million.
Revenue By Game Type
The report indicates that sports betting and online slot machines had a pretty successful month in July. These have been reporting remarkable growth rates for quite some time now. Nonetheless, other industries managed to stay strong as well. A breakdown of everything is provided in the table below.
|Type of Gaming Revenue||July 2022||July 2021||% Change|
|Retail Slots Revenue||$213,902,072||$222,874,389||-4.03%|
|Retail Tables Revenue||$86,683,278||$86,921,038||-0.27%|
|iGaming Slot Revenue||$71,909,442||$63,226,079||13.73%|
|Sports Wagering Revenue||$25,444,500||$19,856,180||28.14%|
|iGaming Tables Revenue||$23,896,183||$22,859,110||4.54%|
|Video Gaming Terminals Revenue||$3,614,578||$3,754,668||-3.73%|
|iGaming Poker Revenue||$2,765,124||$2,596,418||6.50%|
|Fantasy Contests Revenue||$858,569||$1,570,073||-45.32%|
|Total Gaming Revenue||$429,073,746||$423,657,956||1.28%|