Rising gambling revenue for June closes out record haul for fiscal year
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June proved to be another lucrative month for Pennsylvania’s gambling joints.
Last month, the combined total revenue generated from all forms of gaming clocked in at nearly $440.5 million, a 13% increase compared to June 2022, according to the Pennsylvania Gaming Control Board.
Still, it was a drop compared to May’s total of $479.3 million.
The June figures closed the book on the 2022-23 fiscal year for the state, which showed a record haul from gamblers — more than $5.5 billion. Losses from players also meant record tax revenue for the state. The fiscal year tallied $2.37 billion in tax revenue. A portion of the revenue is used to reduce school property taxes.
This tax figure comes from revenue from casino slot machines and table games, iGaming, sports wagering, video gaming terminals and fantasy sports contests.
Sports betting showed the biggest jump in popularity last fiscal year — a 56% spike. The $491.9 million tally “is a high mark for a fiscal year,” the gaming board said in its report.
Online gaming also reached “a high mark for a fiscal year,” bringing in $1.5 billion, a 24% increase, the gaming board reported.
Meanwhile, fantasy contests brought in $20.67 million, a 24% drop compared to the previous fiscal year.
While online wagering is growing, brick-and-mortar casinos still rake in cash.
Table games at casinos hauled in $974 million.
Slot machine revenue $2.45 billion, a 1.74% increase. That figure represents the second highest fiscal year for slots, trailing 2011-12, the gaming board said.
“The market over the past year or so after the covid period has rebounded well with continued significant play in the casinos,” said Doug Harbaugh, spokesperson for the gaming board. “In addition, more players are comfortable with the growing online gaming options which are tested and closely monitored by Gaming Control Board staff, just as been the case for over 16 years in our work with casinos, to assure fairness and integrity with all games.”
Stephanie Ritenbaugh is a Tribune-Review staff writer. You can contact Stephanie at sritenbaugh@triblive.com.
