Raking in the dough: Pennsylvania records all-time monthly high gaming revenue for March '24
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17 April 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 March 2024 was $554,625,294, an all-time monthly high eclipsing the previous high revenue month of December 2023 of $534,215,808.
The March revenue figure was also a 7.64% increase over the $515,278,831 revenue figure of last March.
Internet Casino-Type Gaming (iGaming) continued to be the driver for the overall growth with a 28.95% increase in revenue generated in March 2024 over March 2023.
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/.
Total tax revenue generated collectively through all forms of gaming and fantasy contests was $229,566,989* during March 2024.
The following chart compiles all revenue generated in March 2024 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in March 2023.
March Revenue by Game Type
The PGCB is also providing a synopsis of revenue year-over-year by types of games:
Retail Slot Machine Revenue
This March’s revenue from the play of retail slot machines was $227,891,331, a 1.10% increase in revenue when compared to the $225,408,088 generated in March 2023.
The number of slot machines in operation in March 2024 was 24,886 compared to 25,643 at the casinos in March 2023.
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 March 2024 was $114,998,778*.
Retail Table Games Revenue
Retail Table games revenue for March 2024 was $85,222,921, an decrease of 0.77% from March 2023 when revenue was $85,880,299.
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 March 2024 was $13,986,818*.
Internet Casino-Type Gaming (iGaming) Revenue
Casino games offered online generated monthly gross revenue totaling $191,086,114 during March 2024 compared to $148,189,028 in March 2023, an increase of 28.95%.
A breakdown of revenue of casino games offered online is as follows:
Tax revenue generated from internet gaming play during March 2024 was $82,061,953*.
Total iGaming revenue for each of the casinos during March 2024 and March 2023, if applicable, is as follows:
Sports Wagering Revenue
March 2024, total sports wagering handle was $800,718,332 or 10.67% above the March 2023 total of $723,545,806.
At the same time, the taxable revenue figure for March 2024 was $45,581,570, or 10.00% lower when compared to March 2023, when taxable revenue was $50,645,259.
March 2024 sports wagering total handle and revenue is as follows:
Operated by Parx Casino
Operated by Mohegan Pennsylvania
A breakout of the handle between retail and online sportsbooks can be found on the website report.
Sports wagering revenue for each of the casinos for March 2024 and March 2023, if applicable, is as follows:
Operated by Parx Casino
Operated by Mohegan Pennsylvania
No longer operating
Tax revenue generated from sports wagering during March 2024 was $16,409,365*.
Video Gaming Terminals
Total adjusted revenue for March 2024 for video gaming terminals (VGTs) was $3,739,380, or 0.48% lower than March 2023 when revenue was $3,757,506. By the end of March 2024, all VGT Operators offered the maximum permitted five machines at 74 qualified truck stop establishments, compared to five machines at 66 establishments at this time last year.
Truck Stop VGT adjusted revenue for each of the terminal operators during March 2024 is as follows:
operated VGTs in 30 establishments during March
operated VGTs in 29 establishments during March
operated VGTs in 10 establishments during March
operated VGT’s in 4 establishments during March
operated VGTs in 1 establishment during March
Tax revenue collected from the play of VGTs in March 2024 was $1,944,478*.
Fantasy Contests
Fantasy Contests revenue was $1,103,979 in March 2024, a decrease of 21.07% over March 2023, when revenue was $1,398,651.
Tax revenue collected from the play of Fantasy Contests in March 2024 was $165,597*.
