Clicky

Pennsylvania Sets New Record with $5.2 Billion in Gambling Revenue for 2022 - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
report
Published on
Update on

According to the Pennsylvania Gaming Control Board (PGCB), 2022 saw a record year for gambling earnings. Slot machines, table games, sports betting, internet gambling, video gaming terminals (VGTs), and fantasy competitions brought in a cumulative $5,211,303,191 in 2010, up almost half a billion from the year before, according to the PGCB.

Revenue from slot machines was $2,390,757,300, an increase of 4.51% compared to the previous year. The total amount made from table games was $990,568,468; this is an increase of 7.7%. Revenue from sports betting increased by 17.6 percent, to $401,208,108. Income from online gambling increased by 22.5% to $1,364,392,468. VGT earned $42,079,447, while income from fantasy sports tournaments totaled $22,297,399.

Online Gaming and Slots Taking the Lead

Increasing iGaming profits are remarkable because they reflect a radical shift in player preferences in favor of online casinos. Because of the impacts of the COVID-19 pandemic, an increased number of individuals have probably resorted to gambling online as an alternative to conventional casinos that are physically located in brick-and-mortar casinos. With sports wagering income increasing by 17.6 percent, the PGCB determined that online sports betting was a key factor in the industry’s overall development.

The gross income from slot machines in retail establishments was $2,390,757,300 in the latest reporting period, up 4.51 percent from the prior year. While overall slot machine income increased, it varied per casino, with the largest rise (6.18%) coming from Rivers Casino Pittsburgh, followed by increases of (5.2%) from Mohegan Pennsylvania, and (2.69%) from Wind Creek Bethlehem. However, income at Parx Casino dropped by 3.81%.

Casino Operator2022 Revenue2021 Revenue% Change
Hollywood Casino at Penn National$561,241,680$418,872,94233.99%
Rivers Casino Philadelphia$326,394,007$299,329,1779.04%
Valley Forge Casino Resort$255,502,145$190,531,18634.10%
Mount Airy Casino Resort$57,058,899$71,834,484-20.57%
Parx Casino$44,849,716$49,433,816-9.27%
Harrah’s Philadelphia$38,880,322$22,175,05875.33%
Live! Philadelphia$33,139,889$10,756,492208.09%
Mohegan Pennsylvania$22,904,658$26,834,235-14.64%
Wind Creek Bethlehem$16,990,245$12,581,75135.04%
Presque Isle Downs and Casino$7,430,906$10,506,797-29.28%
Statewide Total$1,364,392,468$1,112,855,93722.60%

Great News for State Coffers

Thanks to this all-time high, the gaming industry in 2022 generated a record $2,123,015,118 in tax revenue, up from $1,931,219,603 the year before. Estimates of tax receipts are presented “as is,” meaning they have not been revised by the Pennsylvania Department of Revenue.

In summary, the PGCB study indicates a steady expansion of Pennsylvania’s licensed gaming sector. Despite the problems created by the COVID-19 pandemic, the sector has been able to adapt, and the rise in income from online gambling and sports betting in particular shows that the sector has room to develop. It will be intriguing to see the gaming business develop more over the next years since the potential for income growth remains substantial as additional states legalize and regulate gambling.

Latest Headlines

Will Pennsylvania Be the Next Esports Betting Hotspot?

Pennsylvania could soon become the latest U.S. state to embrace esports betting, thanks to a newly proposed bill aimed at expanding the state’s regulated wagering market. State Representative Ed Neilson has introduced House Bill 1636, a legislative push that seeks to amend Pennsylvania’s 2017 Gaming Expansion Act to include esports betting. This is Neilson’s second […]

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

New Fanatics Casino App Now Live in Pennsylvania

Fanatics, best known for its sports merchandise empire, has officially launched its standalone online casino app for Pennsylvania players. The new platform allows direct access to casino games without needing to go through the Fanatics Sportsbook, marking a significant step in the company’s expansion into the Keystone State’s growing iGaming market. While the web version […]

WSOP Online Breaks New Ground with Four-State Network

The WSOP Online platform, operated by Caesars Entertainment, Inc., has broken new ground in the regulated US poker business by bringing together players from four different states. Now that Pennsylvania has joined Nevada, New Jersey, and Michigan in providing a common player pool across all four states, Caesars has positioned WSOP Online as the only site […]

Similar Stories in Gambling

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

New Fanatics Casino App Now Live in Pennsylvania

Fanatics, best known for its sports merchandise empire, has officially launched its standalone online casino app for Pennsylvania players. The new platform allows direct access to casino games without needing to go through the Fanatics Sportsbook, marking a significant step in the company’s expansion into the Keystone State’s growing iGaming market. While the web version […]

WSOP Online Breaks New Ground with Four-State Network

The WSOP Online platform, operated by Caesars Entertainment, Inc., has broken new ground in the regulated US poker business by bringing together players from four different states. Now that Pennsylvania has joined Nevada, New Jersey, and Michigan in providing a common player pool across all four states, Caesars has positioned WSOP Online as the only site […]