Clicky

Pennsylvania Brings In $429M in Gambling Revenue in July - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
revenue-coins
Published on
Update on

The Pennsylvania Gaming Control Board (PGCB) has just published the gaming revenue data for July, which shows a notable rise in comparison to July of the previous year. According to the findings of the survey, Pennsylvania’s gaming industry saw modest year-over-year growth. In July 2022, the state’s gaming authority reported $429.07 million in earnings from all types of gambling, up 1.28 percent from the previous July.

In sum, this means that in July 2022, $177.1 million in tax revenue was collected from all gambling and fantasy sports combined. When compared to the total amount of $174.7 million collected in taxes during the month of July 2021, the total amount collected during July of this year was slightly higher, having climbed by 1.37%.

How the Casino Operators Faired

Only six out of the total 17 operators reported an increase in their income for the previous month. The Hollywood Casino Morgantown only brought in $570,794 in revenue during the month of July last year. The venue’s income hit a record high of $6.62 million in July of this year.

Earnings were up at Valley Forge Casino Resort in the previous month as well. This July, the resort’s revenue was $41.4 million, up from $35.3 million a year before. In a similar vein, Wind Creek Bethlehem’s revenue in July grew to $50 million, representing a nearly 14% rise over the previous month.

Earnings at the Meadows and Penn National Hollywood casinos increased by 6.25 and 4 percent, respectively, to $22 and $55.8 million. Comparatively, Harrah’s Philadelphia had a rise in revenue of less than 1%, to $18.4 million, in July, while Parx Casino saw a drop of over 12%, to $56.4 million.

Revenue By Game Type

The report indicates that sports betting and online slot machines had a pretty successful month in July. These have been reporting remarkable growth rates for quite some time now. Nonetheless, other industries managed to stay strong as well. A breakdown of everything is provided in the table below.

Type of Gaming RevenueJuly 2022July 2021% Change
Retail Slots Revenue$213,902,072$222,874,389-4.03%
Retail Tables Revenue$86,683,278$86,921,038-0.27%
iGaming Slot Revenue$71,909,442$63,226,07913.73%
Sports Wagering Revenue$25,444,500$19,856,18028.14%
iGaming Tables Revenue$23,896,183$22,859,1104.54%
Video Gaming Terminals Revenue$3,614,578$3,754,668-3.73%
iGaming Poker Revenue$2,765,124$2,596,4186.50%
Fantasy Contests Revenue$858,569$1,570,073-45.32%
Total Gaming Revenue$429,073,746$423,657,9561.28%

Latest Headlines

Horseshoe Online Casino Arrives in PA as Wind Creek Bethlehem Secures Five-Year License

Pennsylvania’s gaming market has seen several impressive developments, marking significant steps for both online and land-based operators. With the launch of Caesars Entertainment’s Horseshoe Online Casino and the Pennsylvania Gaming Control Board (PGCB) renewing the license for Wind Creek Bethlehem, the state’s gambling landscape is expanding in both digital and physical domains. Caesars’ Horseshoe Launch […]

Pennsylvania Gambling Revenue Hits $525.5M in August 2024

Pennsylvania’s gambling industry saw impressive growth in August 2024, with total revenue hitting $525.5 million. This marks a 14.9% increase from the same time last year and a 4.9% rise from July. The state’s booming iGaming sector played a key role in driving these numbers, further cementing Pennsylvania’s place as a top market for online […]

Presque Isle Downs & Casino to Face License Renewal Review

On September 25, 2024, the Pennsylvania Gaming Control Board (PGCB) will hold a pivotal public hearing to evaluate Presque Isle Downs & Casino’s request to extend its Category 1 Slot Machine Operator License. Keeping up the high standards anticipated in Pennsylvania’s gaming industry is essential, and this review process is more than simply a periodic […]

Evolution Expands Casino Offerings with Spanish-Language Blackjack in Pennsylvania

Evolution Gaming has taken an unexpected leap by adding Spanish-language live dealer blackjack tables to its portfolio in Pennsylvania. This decision highlights the increasing necessity of catering to ethnic audiences. In addition to being a new feature, the launch that occurred in the middle of August was a deliberate move to cater to the state’s […]

Bet365 Expands U.S. Presence with Full Pennsylvania Gaming Approval

Bet365, the world-renowned gaming company, achieved a major milestone with the formal authorization it received from the Pennsylvania Gaming Control Board to provide online sports betting and iGaming in Pennsylvania. This license solidifies Bet365’s position in the competitive online gambling industry by broadening its U.S. footprint to eleven states. Bet365 successfully started its soft launch […]

Similar Stories in Gambling

Horseshoe Online Casino Arrives in PA as Wind Creek Bethlehem Secures Five-Year License

Pennsylvania’s gaming market has seen several impressive developments, marking significant steps for both online and land-based operators. With the launch of Caesars Entertainment’s Horseshoe Online Casino and the Pennsylvania Gaming Control Board (PGCB) renewing the license for Wind Creek Bethlehem, the state’s gambling landscape is expanding in both digital and physical domains. Caesars’ Horseshoe Launch […]

Pennsylvania Gambling Revenue Hits $525.5M in August 2024

Pennsylvania’s gambling industry saw impressive growth in August 2024, with total revenue hitting $525.5 million. This marks a 14.9% increase from the same time last year and a 4.9% rise from July. The state’s booming iGaming sector played a key role in driving these numbers, further cementing Pennsylvania’s place as a top market for online […]

Presque Isle Downs & Casino to Face License Renewal Review

On September 25, 2024, the Pennsylvania Gaming Control Board (PGCB) will hold a pivotal public hearing to evaluate Presque Isle Downs & Casino’s request to extend its Category 1 Slot Machine Operator License. Keeping up the high standards anticipated in Pennsylvania’s gaming industry is essential, and this review process is more than simply a periodic […]

Bet365 Expands U.S. Presence with Full Pennsylvania Gaming Approval

Bet365, the world-renowned gaming company, achieved a major milestone with the formal authorization it received from the Pennsylvania Gaming Control Board to provide online sports betting and iGaming in Pennsylvania. This license solidifies Bet365’s position in the competitive online gambling industry by broadening its U.S. footprint to eleven states. Bet365 successfully started its soft launch […]