Pennsylvania gambling revenue hits $3.29bn in 2018-19

2 October 2019

State-wide gambling revenue in Pennsylvania amounted to $3.29bn in the 2018-19 financial year as the introduction of legal sports betting and higher income from slots gaming boosted the state .

A total of 12 casinos were active in Pennsylvania during the 12-month period, with some rolling out sports betting services upon the launch of the state’s legal wagering market in November 2018.

Slots were the main source of income for casinos in the state by some margin, with gambling revenue for the machines amounting to $2.38bn, a 1.3% increase on $2.35bn in the previous financial year according to official figures released by the Pennsylvania Gaming Control Board (PGCB).

Revenue from table games totalled $885.6m, down 11.1% from $895.3m in the 2017-18 financial year, but the state was boosted by the launch of legal sports betting as this offset the decline in table game revenue.

Sports betting revenue amounted to $21.7m in 2018-19, although this figure is set to increase significantly as the market continues to grow following the rollout of online betting in the summer. In August, sports wagering revenue alone was $9.9m, just under half the total for 2018-19.

Read the full story on iGB North America.

Image: S.MacMillen