Pennsylvania gambling hits record revenues

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Gambling revenue in Pennsylvania reaches all-time monthly high

Pennsylvania sees record highs in gambling revenue as it reached $554.6m in March which is 7.64% higher than March 2023. Pennsylvania lawmakers legalized online gambling in 2017, making it the fourth state to do so. This resulted in online slots, table games and poker, and other forms of gambling being legal. The Pennsylvania Gaming Control…

Finance ・ 18 April 2024

Yogonet

Pennsylvania 2023 gambling revenue hits record $5.7 billion, driven by iGaming surge

Pennsylvania's gambling industry achieved a new milestone in 2023, reporting a record-breaking $5.69 billion in revenue, marking a 9.3% increase from the previous year's high of $5.21 billion. According to data released by the Pennsylvania Gaming Control Board, the corresponding tax revenue reached a record $2.34 billion, surpassing the 2022 figure…

Finance ・ 19 January 2024

State of Michigan

Detroit casinos report $103.5 million in January monthly aggregate revenue

Detroit, February 14, 2023 - The three Detroit casinos reported $103.5 million in monthly aggregate revenue in January. Table games and slots generated $103.4 million in revenue while retail sports betting produced $111023. Market shares during January were: MGM, 48% Motor City, 30% Hollywood Casino at Greektown, 22% Table Games and Slot…

Finance ・ 21 February 2023

State of Michigan

Detroit casinos produce $1.276 billion in aggregate revenue during 2022

Detroit, January 10, 2023 - The three Detroit casinos reported $1.276 billion yearly revenue in 2022. Slots generated 77% of revenue at $983.7 million, table games provided 21% of revenue at $273.3 million and retail sports betting added 2% of revenue at $18.8 million. By comparison, the casinos produced $1.294 billion in aggregate revenue in…

Finance ・ 10 January 2023

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Trib Live

Record high revenue of $3.3 billion recorded at Pa. casinos

In-person gambling bounced back at the 16 casinos across the state as slots and table game revenue reached a record high $3.3 billion in the last fiscal year according to the Pennsylvania Gaming Control Board annual report. That tops the previous record of $3.2 billion for fiscal year 2018-19. Retail slot revenue around the state was about $2.4…

Finance ・ 04 October 2022

Trib Live

Pennsylvania casino revenue jumps to $429M in July after late spring lull

Pennsylvania casinos saw an increase in revenues last month, state regulators said, a shift from the gradual decrease felt across the industry since the record-breaking month of March. In all, casinos generated more than $429 million in revenues in July, according to a report from the Pennsylvania Gaming Control Board. That's $39.2 million more…

Finance ・ 18 August 2022

Trib Live

Pa. casinos landed $393M in revenues for January, state records show

Revenues at Pennsylvania casinos continued a gradual decline last month, a trend seen across the state since the record-breaking month of November, state regulators said. In all, more than $393.1 million was recorded in January, according to the Pennsylvania Gaming Control Board. That's a $39.3 million decrease from November, when revenues…

Finance ・ 20 February 2022

Observer - Reporter

Casinos set revenue record, and it's a good bet they'll set another

One minute into the interview, Doug Harbach stated the obvious. "Comparing 2021 to 2020 is unfair," said the communications director of the Pennsylvania Gaming Control Board, which regulates legalized gambling statewide. The state's 16 casinos generated $4.73 billion in revenue last year, a significant increase from $2.65 billion in 2020, when 14…

Finance ・ 31 January 2022

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Vegas Slots Online

VSO Analysis: US Gambling’s Pandemic Recovery in 2021

The US gambling industry suffered immensely in 2020 as the COVID-19 pandemic swiftly tightened its grip on the sector. Casinos across the nation closed their doors while their employees could only wait to hear if they still had jobs at all. the sector has well and truly woken from its slumber In contrast, 2021 painted a different picture entirely.…

Covid ・ 30 January 2022

Bradford Era

Pa. casinos had a record year in 2021

PITTSBURGH (TNS) - It was a jackpot of a year for Pennsylvania casinos. Despite the pandemic, casinos generated $4.7 billion in total revenue - the money gamblers lost - in the 2021 calendar year, a new high, according to the state gambling control board. That's nearly $2.1 billion more than the $2.65 billion hauled in last year when the casinos…

Covid ・ 22 January 2022

Yogonet

Detroit's three casinos report $1.2B in land-based revenue in 2021, below pre-pandemic

According to numbers released Tuesday by the Michigan Gaming Control Board, Detroit's three casinos have reported $1.294 billion in aggregate revenue in 2021, surpassing 2020 results, which were significantly impacted by the pandemic. However, they fell short of 2019's record total. 2021's revenue total exceeds the nearly $639 million in aggregate…

Covid ・ 13 January 2022

The Detroit News

Detroit casinos report $1.29 billion in revenue for 2021

Detroit's three casinos netted $1.294 billion in aggregate revenue in 2021, beating 2020 results that were significantly impacted by the pandemic but falling short of 2019's record total. The 2021 revenue total exceeds the nearly $639 million in aggregate revenue the three casinos - MGM Grand Detroit, MotorCity Casino and Greektown Casino -…

Finance ・ 11 January 2022

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Trib Live

Pennsylvania casinos continue to shatter records, generate $432 million in revenues in November

Pennsylvania casinos again shattered monthly records, generating more than $432.5 million in November, state regulators said. That was nearly $6.5 million more than October, which set a revenue record at nearly $426 million, according to the Pennsylvania Gaming Control Board. In addition, revenues last month were up 52%, or $148 million, compared…

Finance ・ 21 December 2021

Bradford Era

Pa. casinos produce another big month of revenue

PITTSBURGH (TNS) - Pennsylvania casinos didn't set any records in September, but they still had a good run. Total revenue generated by the state's 15 casinos - the money gamblers lost - hit $415.6 million last month, a 46% increase over the same month in 2020, according to the Pennsylvania Gaming Control Board. Leading the way was sports wagering,…

Finance ・ 22 October 2021

Trib Live

Pennsylvania casino revenues top $415M in September

Pennsylvania casinos generated more than $415.6 million in September, a 46% increase compared to revenues generated during the same period last year, state regulators said. In all, casinos saw $130 million more in revenues last month than in September 2020, when they generated $285.5 million, according to a report from the Pennsylvania Gaming…

Finance ・ 19 October 2021

Yogonet

Pennsylvania casino revenues up 42% from pre-pandemic levels

ecently released figures show that Pennsylvania casinos saw a more than $9 million revenue increase in May compared to the previous month, reports The Tribune-Review. According to data from the Pennsylvania Gaming Control Board, combined gambling revenues last month exceeded $413 million compared to the $404 million reported in April. A comparison…

Covid ・ 18 June 2021

Trib Live

Pennsylvania casinos top $400 million for 2nd consecutive month

For the second consecutive month, revenue streams at Pennsylvania casinos topped $400 million, according to a report from the Pennsylvania Gaming Control Board. Combined gambling revenues totaled more than $404.1 million in April. That's up significantly from the $46.1 million seen in April 2020, when non-life-sustaining businesses were forced to…

Land-based ・ 19 May 2021

Lancaster

Pennsylvania casinos saw revenue drop by $759 million in 2020, state reports

Jan. 22-Pennsylvania casinos saw total revenues decrease by $759 million in 2020, a year plagued by the coronavirus pandemic that forced the properties to shutter for several months. According to a new report from the Pennsylvania Gaming Control Board, $2.65 billion was generated last year from the state's 13 casinos through slot machines, table…

Finance ・ 23 January 2021

State of Michigan

Detroit casinos produce $1.29 billion in aggregate revenue during 2021

Detroit, January 11, 2022 - The three Detroit casinos reported $1.294 billion yearly revenue in 2021. Slots generated 77% of revenue at $998.8 million, table games provided 21% of revenue at $268 million and retail sports betting added 2% of revenue at $26.95 million. By comparison, the casinos produced nearly $639 million in aggregate revenue in…

Finance ・ 21 October 2022

York Dispatch

Pa. gambling revenue tops half a billion in March, highest since legalization

York County's Hollywood Casino saw increased revenues for the month of March as Pennsylvania surpassed $500 million in gambling revenue in a single month for the first time ever. The state brought in more than $515 million in revenue in March, which is 11% more than the same month in 2022, according to the Pennsylvania Gaming Control Board. It is…

Finance ・ 28 April 2023

eu.goerie.com

Presque Isle Downs & Casino reports $15 million less revenue in 2023

Presque Isle Downs & Casino saw its gaming revenue decline by about $15 million in 2023, a year in which casinos statewide earned record-high gaming revenue. The Summit Township casino saw revenue decreases in all types of gaming, but the steepest was for iGaming (online casino gambling), which Presque Isle Downs shut down in February 2023. The…

Finance ・ 26 February 2024

York Dispatch

Why are revenues down at Hollywood Casino York?

Hollywood Casino York revenues fell just over 4% in September compared to the same month last year. The Pennsylvania Gaming Control Board (GCB) reported that casino in Springettsbury Township brought in just over $8.1 million which is below September 2022 revenue figures of just over $8.5 million. That came despite the overall statewide revenue…

Finance ・ 21 October 2023

Gambling Industry News

Nevada Billion-Dollar Gambling Revenue Streak Continues for 20th Straight Month

The Nevada Gaming Control Board (NGCB) has released its latest revenue report revealing that the state's casinos collected over $1.28 billion in revenue during the month of October. The latest figures mark a jump of 4.83% on October 2021, and a 3.2% increase month-on-month. October was the 20th month in a row that gaming revenues in the state…

Finance ・ 30 November 2022