Pennsylvania gaming revenue hits record $3.3bn in 2018-19
Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.
The figure for the 12 months to June 30, 2019 represents a 1.84% increase on the $3.25bn posted in the corresponding period last year. The state collected a total of $1.39bn in tax from gambling, up from $1.3bn in the previous year.
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.
Table games followed with revenue of $885.6m, down by 1.08% on $895.3m last year – the first time the state has seen a year-on-year drop since table games were introduced in its casinos in 2010.
Meanwhile, legal sports betting, which 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.
Read the full story on iGB North America.
Image: Paul Hamilton