Pennsylvania breaks gambling fiscal year revenue record
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The previous high for revenue in a state fiscal year was during 2018/2019 when revenue was slightly more than $3.3 billion. Since then there has been significant growth in the sports wagering and fantasy sports contests markets, and the establishment of both the iGaming and VGT markets. Those four markets constituted almost 33% of the total revenue achieved in Fiscal Year 2020/2021. The year over year increase of revenue this past fiscalyear compared to Fiscal year 2019/2020 was due to the closure of casinos and other factors related to Covid-19 restrictions.
Fiscal Year 2020/21 gross revenue from slot machines at the casinos was $1,887,573,437.
The percentage change in slot machine revenue for each of the casinos is as follows:
Table games revenue from the casinos in Fiscal Year 2020/21 was $721,763,471.
Sports wagering revenue for Fiscal Year 2020/21 was $308,849,184.
Sports wagering revenue for each of the casinos is as follows:
Fiscal Year 2020/21 revenue from fantasy contests was $28,186,529.
Fiscal Year 2020/21 revenue from iGaming was $897,216,020. The first i gaming provider became operational in July 2019. At the end of the fiscal year there were ten igaming operators in Pennsylvania.
Fiscal Year 2020/21 revenue for Video Gaming Terminals at Truck Stops was $31,334,744. The first VGT's became operational in August 2019. There were 49 V GT facilities operating in Pennsylvania at the end of this fiscal year.
