Nearly 12.5% jump in PA's December gaming revenue drives continued record gambling revenues
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24 January 2024- The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during December 2023 was $534,215,808, an increase of 12.47% compared to revenue generated in December 2022
The total revenue for December was a record high for a month eclipsing the $515,278,831 in revenue during March 2023. In addition, all-time monthly revenue highs were achieved for:
· iGaming – $165,110,845 compared to $159,490,505 in September 2023; and
· Sports Wagering – $72,506,446 compared to $63,674,326 in November 2021.
Sources of gaming revenue regulated by the PGCB include slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). The PGCB has posted separate reports for these types of gaming on its website, https://gamingcontrolboard.pa.gov/.
The following chart compiles all revenue generated in December 2023 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in December 2022.
Total tax revenue generated collectively through all forms of gaming and fantasy contests was $217,952,594* during December 2023.
December Revenue by Game Type
The PGCB is also providing a synopsis of revenue year-over-year by types of games:
Slot Machine Revenue
December’s revenue from slot machines was $207,776,416, a 4.92% increase in revenue when compared to the $198,027,545 generated in December 2022.
The number of slot machines in operation in December 2023 was 24,990 compared to 25,391 at the casinos in December 2022.
Slot machine revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows.
Tax revenue from the play of slots machines in December 2023 was $105,302,407*.
Retail Table Games Revenue
Retail Table games revenue for December 2023 was $82,928,134, an increase of 1.56% from December 2022 when revenue was $81,655,998.
Table games revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows.
Total tax revenue from table games play during December 2023 was $13,576,863*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated monthly gross revenue totaling $165,110,845 during December 2023 compared to $134,578,285 in December 2022, an increase of 22.69%.
A breakdown of revenue of casino games offered online is as follows:
Tax revenue generated from internet gaming play during December 2023 was $70,816,197*.
Total iGaming revenue for each of the casinos during December 2023 and December 2022, if applicable, is as follows:
Sports Wagering Revenue
December 2023, total sports wagering handle was $925,570,368 or 22.62% above the December 2022 total of $754,849,873.
At the same time, the taxable revenue figure for December 2023 was $72,506,446, or 32.74% higher when compared to December 2022, when taxable revenue was $54,624,271.
