Monthly Casino Revenue Comparisons In PA See Steady Decline
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August gaming revenue in Pennsylvania increased 4.2% from the year before to $425.4 million. For the second straight month, the 16 casinos collected less slots and table revenue than in the same month a year ago. The drop was even worse, down 5.5% in August 2022 from August 2021. Online gambling revenue was up 20.9% to $107.8 million from $88.7 million in 2021, and sports betting handle was also up 4%.
Monthly Casino Revenue Comparisons In PA See Steady Decline. One reason for the end of the high year-over-year increases that casinos had experienced earlier in 2022 is that in early 2021, they were still affected significantly by the COVID-19 pandemic.
Monthly casino revenue comparisons in Pennsylvania are getting worse. Last month's statewide slots earnings were down 4.1% from the year before, while table games earnings dropped 9.5%. Some casinos have been reducing their number of slot machines to correct for over-saturation.
Monthly Casino Revenue Comparisons in PA See Steady Decline. Every property that had been in existence for a full month in August 2021 made less money than the year before. The gaming industry is on pace to clear more than $5 billion in revenue in 2022 for the first time ever. State and local governments received $175.3 million in tax money from the $425.5 million netted by operators in all types of commercial gaming in the state in July.
