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Pennsylvania Gaming Revenue in July up by 1.28% To $429M

The Pennsylvania Gaming Control Board (PGCB), the gambling regulator in the state, released the gaming revenue results for July, marking a somewhat increase when compared to July last year.
Pennsylvania Gaming Revenue in July up by Less than 2%
In total, the gaming revenue reported from all forms of gambling including fantasy contests last month hit $429 million. When compared to the $423.7 million in total gaming revenue reported for the same period in July 2021, this year, a slight increase of 1.28% is observed.
The overall tax revenue generated from all forms of gambling this July didn’t increase much as well. Some $177.1 million were raised as taxes last month. When compared to the $174.7 million in taxes from July 2021, this year in July, taxes increased slightly by 1.37%.
Sports Betting, iGaming Slots Revenue Increased Last Month
The PGCB released a breakdown of the gaming revenue reported last month. Judging by the results, last month was a strong month only for sports betting and iGaming slots. A year-over-year comparison shows that sports wagering revenue last month increased by 28% to $25.4 million. Another strong increase was observed in the iGaming slot revenue last month which hit $71.9 million, up 13.7% when compared to July 2021. According to the PGCB, the iGaming poker revenue last month increased by 6.5% to $2.8 million, while iGaming tables revenue hit $23.9 million, marking a 4.5% increase.
In contrast, retail slots revenue decreased by 4% last month to $213.9 million when compared to July last year, while retail table game revenue decreased by less than 1% to $86.6 million. The revenue for video gaming terminals in July dipped by 3.7% to $3.6 million, while revenue from fantasy contests plummeted by 45.3% to $858,569.
Only Six Operators Report Increase in Revenue
The recent report released by the PGCB provides a breakdown of the revenue per operator. Out of 17 operators, only six reported an increase in their revenue last month. Hollywood Casino Morgantown’s revenue last July was only $570,794. This July, the venue’s revenue soared to $6.6 million.
Valley Forge Casino Resort also reported strong revenue last month. The resort’s revenue last year halted at $35.3 million, while this July, it increased by 17% to $41.4 million. Similarly, Wind Creek Bethlehem’s revenue in July increased by nearly 14% to $50 million.
Hollywood Casino at the Meadows and Hollywood Casino at Penn National reported revenue of $22 million and $55.8 million, up 6.25% and 4% respectively. While Harrah’s Philadelphia revenue increased by less than 1% to $18.4 million in July, Parx Casino’s revenue decreased by nearly 12% to $56.4 million.
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Jerome brings a wealth of journalistic experience within the iGaming sector. His interest in the industry began after graduating from college, where he regularly participated in local poker tournaments. This exposure led him to the growing popularity of online poker and casino rooms. Jerome now channels all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
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