Despite gaming revenue falling in June for a third consecutive month, the Pennsylvania Gaming Control Board reported record revenue for the fiscal year ending June 30. Pennsylvania generated $5.04 billion for the fiscal year, which began on July 1, 2021.
It’s the first time the state has generated more than $5 billion in gaming revenue in a fiscal year. The previous revenue high was $3.87 billion in 2020-2021.
Also, combined tax revenue generated in Pennsylvania topped $2 billion for the first time during a fiscal year, exceeding 2020-2021’s $1.59 billion.
In a statement, the PGCB noted that the record revenue can be attributed to increased table game revenue, and growth in sports wagering, igaming, and video gaming terminal markets.
Gaming revenue in June was $389.9 million, a 14.8% decrease from May’s $447 million. But the total was an increase of 0.24% compared to June 2021.
PGCB Director of Communications Douglas Harbach said the revenue decline from previous months follows an annual trend.
“Gaming revenue always hits a peak in March, so the subsequent months are lower,” Harbach said via email. “That is why it is more important to compare like months instead of previous months.”
Hollywood Casino at Penn National in Grantville topped all brick-and-mortar casinos with $56.9 million in revenue, a year over year increase of 5.9%. Parx Casino in Philadelphia generated revenue of $52.4 million, and Rivers Casino Philadelphia brought in $42.7 million. Wind Creek Bethlehem saw the highest year over year increase, its revenue of $42.0 million outpacing 2021’s $36.3 million by 15.5%.
Slot revenue in June reached $192.9 million, a 5.48% increase over June 2021. Parx Casino generated $31.7 million in slot revenue, a year over year decrease of 8.93%. Wind Creak Bethlehem brought in $22.5 million in slot revenue, followed by Rivers Casino Pittsburgh with $21.1 million.
Pennsylvania generated $102.9 million in igaming revenue in June, an increase of 15.8% from the previous year’s total of $88.9 million. Hollywood Casino at Penn National led igaming revenue with $42.0 million. Rivers Casino Philadelphia generated $25.5 million in igaming revenue, and Valley Forge Casino Resort in King of Prussia generated $18.4 million.
The total handle for sports betting in June was $393.5 million, resulting in revenue of $12.7 million. Valley Forge again led the state in total handle, with $158.2 million, producing revenue of $5.4 million. Hollywood Casino at the Meadows in Meadowlands reached $88.6 million in total handle, with $1.9 million in revenue. Hollywood Casino at Penn National reported a total handle of $24.2 million, with revenue of $1.14 million.