Despite the pandemic disruptions, Pennsylvania gaming revenue nearly reached a new record of $3.875 billion. This is the highest record for a decade-long history of gambling in the state.
According to Pennsylvania gaming revenue from 1st July 2020 to 30th June 2021 totaled $3, 874, 923, 386. That is 17 percent better than the previous record of 43.3 billion sets in the 2018/19 financial year.
Apart from the 14 commercial land-based casinos, Pennsylvania authorizes iGaming, online slots, in-person gaming, table games, mobile sports betting, video gaming terminals (VGTs), and daily fantasy sports.
Since the legalization of fantasy sports and other gaming formats in 2017, there has been vibrant wagering in the sports contest market in Pennsylvania that has been responsible for revenue increase.
The 17 percent increase in the 20/21 fiscal year is the all-time highest GGR in the state. In total, state gaming entities won $565.1 million more in 20/21 than in 2018l18.
During the pandemic, brick and mortar casinos revenue declined in Pennsylvania due to regulations layovers. Casinos were only permitted to return to full operation this May.
The closure resulted in slot machine revenue dropping from 42.37 billion in 2018/19 to $1.88 billion in 2020/21. Table games plummeted from $885.5 million to $721.7 million. However, the loss was easily offset by iGaming and online sports betting.
Online slots machines, table games, and poker totaled $897.2 million, a stunning jump from $656.3 million in the 2019/20 fiscal year.
Sportsbooks were also bullish and generated $303.8 million in 2020/21, which is equivalent to a $195.1 million year-over-year increase.
Fantasy sports also jumped from $20.8 million to 28.1 million, and VGTs play jumped from $6.8 million to $31.3 million. June GGR was also 43 percent better than the $271.3 million generated in the same period in 2019.