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Gambling revenue in Pennsylvania reached a record $3.3bn (€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports betting and fantasy sports contests.
The Pennsylvania Gaming Control Board has reported that total revenue of $3,309,766,175 eclipsed the previous high state fiscal year total of 2017/2018 and was more than $59m above (1.8 per cent higher) the total revenue achieved in that fiscal year. The combined gross revenue includes slot machine, table games and sports betting at the 12 commonwealth casinos along with fantasy sports contests.
It was the second straight year that gaming revenue has set a new state record but for the first time figures included that include sports betting and fantasy sports contests under the expanded Gaming Act.
Slots were by far the main source of income for licensed casinos in Pennsylvania, with revenue amounting to a collective $2.37bn, slightly up from $2.35bn last year, while table games took a first-time year-on-year drop since introducing in 2010. Revenue of $885.6m was down by 1.08 per cent from $895.3m last year.
Legal sports betting, launched in the state in November of last year, generated $21.7m in revenue in the period to June 30. This was primarily derived from land-based activities, with online wagering having not launched until May this year. The state’s fantasy sports licensees, which began operating in May 2018, added $23.6m in their first full year of operations, versus only $2.3m in their limited run during the previous year.
