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Revenue

Pennsylvania Gambling Industry Posts 17 Percent Revenue Increase in January

Things definitely took off on a high note for the Keystone States gambling industry and this is now evident from a recently released revenue report. Pennsylvania’s gambling industry which consists of 12 licensed casino operators, daily fantasy sports as well as video gaming terminals posted a 17 percent increase in revenue in January 2020. This […]

More Highlights of Pa.’s Gambling Industry

It has just been a little over a fortnight since the new year began and already a lot has happened in the Keystone State’s gambling industry. Needless to say, much of this was expected especially considering the meteoric growth of the sector over the past year and the big promises that gaming operators gave to […]

Pennsylvania Sports Betting Posts More Growth

The Pennsylvania Gaming Control Board (PGCB) has recently released the revenue figures for sports betting in the Keystone State. According to the figures released by the gaming regulator, the state’s sports betting sector handled a whopping $241.2 million in bets. This was a 24 percent increase from the $194.5 million that was recorded in the […]

Pennsylvania Posts Record Sports Betting Revenue in September

The return of football in September contributed to yet another great milestone for the Keystone State’s sports betting market which is barely a year old. According to a revenue report that was released by the Pennsylvania Gaming Control Board, retail and online sportsbooks in the state handled wagers totaling to a whopping $194.5 million. That […]

Pennsylvania Casinos Bring in $3.29 Billion in Fiscal Year

The Pennsylvania Gaming Control Board (PGCB) has recently published its annual revenue reported for 2018/19. As seen in the report, the previous fiscal year saw the nascent but rapidly growing gambling sector contribute significantly to the state’s economy. To put this into perspective, the gambling industry employed a whopping 16,000, delivering total annual expenditure of […]

Parx Casino Overpaid Taxes by $1.1 Million

It is not often that we hear about companies or individuals overpaying taxes. Well, this is exactly what happened with Greenwood Gaming and Entertainment. The gambling operator has been one of the companies that have made sizeable contributions to the Keystone State’s development but, as it turns out, not all of it was intentional. The […]

Pa. Lottery’s Xpress Sports Considering Changing Game Options

It goes without saying that gambling in the Keystone State is doing quite well. The Lottery is one of the sectors that is still shining which is not very surprising especially considering the fact that it has existed longer than most other forms of gambling in the state. Even so, it continues to post record […]

Revenue Stats Reveal Modest Start for Pennsylvanian Online Gambling

On Friday, August 15, the Pennsylvania Gaming Control Board released revenue figures for the state’s online gambling industry which officially kicked off in July, and from the looks of it, the sector is on the right trajectory. According to the gaming regulator, the state’s three online gaming operators brought in a total of $812,306 between […]

PGCB Criticizes Plans by Operators to Reduce Slot Machines

On Wednesday, August 14, the Pennsylvania Gaming Control Board held a hearing in Harrisburg that saw to the unfolding of a number of regulatory actions. However, most of the time was spent addressing three petitions that sought to reduce gaming floors at certain venues. The most notable petitions were filed by Presque Isle Downs Casino, […]

Pa. Lottery Reports Record Revenue in Latest Fiscal Year

The Pennsylvania Lottery has recently released its revenue report and it is very impressive, to say the least. The lottery managed to reach record revenues of a whopping $4.5 billion in the last 12 months ending on June 30. This amount sums up to a 7.2 percent increased in profit for the state lottery and […]