Total Pennsylvania Gaming and Fantasy Contest Revenue Exceeds $3.3 Billion During 2018/2019 State Fiscal Year

HARRISBURG, Pa., July 18, 2019 /PRNewswire/ -- The Pennsylvania Gaming Control Board today reported for the first-time combined fiscal year revenue figures that include sports wagering and fantasy sports contests under the expanded Gaming Act.

The combined gross revenue includes slot machine, table games and sports wagering at the 12 Commonwealth casinos along with fantasy sports contests.

The total revenue of $3,309,766,175 eclipsed the previous high state fiscal year total of 2017/2018 and was more than $59 million above (1.8% higher) the total revenue achieved in that fiscal year.

A comparison of combined revenue since table games were introduced into Pennsylvania casinos in 2010 is below:

Estimated combined tax revenue from these gambling initiatives for the 2018/2019 fiscal year was $1,390,870,251 compared to $1,337,298,788 in the previous fiscal year. Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue.

While table games revenue was down slightly this fiscal year with total revenue in 2018/2019 of $885,588,231 compared to $895,278,806 during the 2017/2018 state fiscal year (see next chart), slot machine revenue saw a $26.5 million year-over-year increase in that same period. The Board released year-over-year figures for slot machine revenue on July 2, 2019.

Tax revenue produced through table games play was $142 million in fiscal year 2018/2019 compared to $144 million in fiscal year 2017/2018.

June 2019 table games revenue shows that $68.9 million in table games revenue was generated, a 6.3% decrease compared to June 2018. 

A comparison of gross table games revenue of the past two Junes is as follows:

The Board has also posted Sports Wagering revenue for June 2019 which includes both land-based sportsbooks and online wagering:

Finally, June 2019 Fantasy Sports Contests revenue was $1,592,313, an increase of 56% over June of last year when fantasy contests revenue was $1,017,862. Tax revenue collect from the play of fantasy contest for this June was $238,847.

Breakdowns of revenue by types of gambling and by operator is available on the Board's web site, www.gamingcontrolboard.pa.gov.

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of gambling legalized under 2004's Race Horse Development and Gaming Act and the Gaming Expansion Act of 2017. In addition to slot machine and table games gambling at land-based casinos, the expansion includes sports wagering offered through sportsbooks at eight locations and through three online outlets; fantasy sports contests; online casino games in which testing and launch of three sites is occurring this week; and video gaming terminals (VGTs) at truck stops and online games at airports, both expected to be launched in the coming months.

The mature casino industry in Pennsylvania currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ over 16,000 people and annually generate over $1.3 billion in tax revenue from slot machine and table games play. Construction of a 13^th casino is currently underway along with a number of new "mini-casinos" that are expected to begin operation over the next couple of years.

Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

SOURCE Pennsylvania Gaming Control Board

Related Links

http://www.gamingcontrolboard.pa.gov