Pennsylvania casinos break gambling revenue record for 2021-22
The state’s 16 casinos helped the state top $5bn revenue for the first time.
Pennsylvania casino operators set a new annual record for gambling revenue in the year ending June 30, rising above $5bn for the first time ever. This comes off the back of a surge in online betting, and a post-pandemic return to the casinos’ slot machines and table games.
That was about 30% higher than the $3.9bn recorded in the previous financial year, and slightly above the previous calendar year high of $4.7bn reported in January.
The casino earnings were mainly derived from 16 casinos, including four new mini-casinos authorized under a 2017 law, as well as fantasy sports operators. Revenue in casinos from slot machines grew to $2.4bn and from table games to above $1bn.
Pennsylvania casinos include famous names such as the Mohegan Sun, Harrah’s Philadelphia and the Hollywood Casino at Penn National Race Course. Mohegan Sun released impressive figures for Q2 of this year, as revenue jumped up 28.7% year-on-year.
Its total revenue was $358.5m, up from $344.8m in 2021.
Online gambling, now in its fourth full year in the Coal State, grew again to pass $1.2bn; sports betting, meanwhile, managed to generate $325m in revenue. Pennsylvania legalized both sports betting and online gambling as part of a proactive gambling expansion in 2017.
Pennsylvania has been tied with New Jersey for second spot in commercial casino revenue behind Nevada, according to figures compiled by the American Gaming Association.
Taking into account Las Vegas’ lax tax laws, Pennsylvania was in fact the leader in tax revenue from gambling in the US.
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