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Angel Hristov July 19, 2023 2 min read
PGCB Publishes June 2023 Revenue Data, Highlights YOY Growth
Many verticals recorded a revenue growth with the exception of VGTs, fantasy contests and online poker
The Pennsylvania Gaming Control Board (PGCB) has published data about the performance of the state’s gambling sector. In June, all forms of gambling collectively generated total revenue of $440.5 million, representing a 13% year-on-year increase.
Pennsylvania’s gambling sector encompasses slot machines, table games, online gambling, sports betting, fantasy contests and video gaming terminals (VGTs). Most of the verticals saw their revenues increase with the exception of video gaming terminals, online poker and fantasy contests.
The regulator noted that retail slots earned $201.5 million, representing a modest 4.43% year-on-year increase. Revenue from online slots, meanwhile, increased by almost 36% to $98.2 million. For reference, the total number of retail slots in the states decreased from 25,823 in June 2022 to 25,348 in June 2023.
Retail table games in Pennsylvania had mostly stable revenue at $76.2 million, marking a slight 0.11% increase. Online table games, meanwhile, rose in popularity, earning $34.8 million, 24% up on June 2022.
Sports betting exploded in popularity, raking in revenue of $23 million. This translates into an increase of 80.6%.
VGTs’ revenue declined by 3.26% to $3.4 million. At the same time, online poker experienced a decline of 6.6% to $2.43 million. Finally, the revenue from fantasy contests plummeted by 43.65% to $848,591.
In addition, the total iGaming revenue for June 2023 was $135.4 million, representing a year-on-year increase of almost 32%.
The Verticals Generated Millions in Taxes
The PGCB provided additional information on the tax money generated by certain verticals. For example, all verticals generated tax revenue of almost $183.8 million.
The slot vertical brought in tax revenue of $102.2 million. Meanwhile, table games earned Pennsylvania $12.4 million in tax revenue.
The rising popularity of iGaming, on the other hand, helped the vertical generate $58.9 million in tax money.
At the same time, sports betting added an additional $8.3 million to the treasury from a total handle of $373.2 million.
VGTs earned Pennsylvania $1.7 million in tax money. Finally, Fantasy contests generated tax revenue of $127,289.
The PGCB oversees all Pennsylvanian gambling. The data provided by the operator is based on the performance of the state’s 17 casinos, VGTs and multiple iGaming and fantasy brands.
Last month, the control board published information about the performance of its gambling industry in May. Overall, May was a stronger month with $479 million in revenue compared to $440.5 million in June.