Operators reached a new Pennsylvania casino revenue in the 12 months through June 30. The annual gambling revenue rose above $5 billion for the first time. Also, Korean sportsbook experts attributed it to the return of table games and slot machines after the pandemic.
Commercial casinos in the state earned more than $5 billion in the fiscal year ending June 30. It was around 30 percent higher than the $3.9 million recorded in the previous fiscal year. Also, it was slightly higher than the revenue of the prior calendar year of $4.7 billion.
Gambling revenue rebounded after casinos reopened after shutdowns in 2020. Gambling revenues in Pennsylvania came from 16 casinos, truck stops, and fantasy sports operators. In addition, it included four mini-casinos made legal in 2017.
Pennsylvania Casino Revenue Reached $5 Billion Mark
Slot machine revenue increased to $2.4 billion. On the other hand, table games increased to more than $1 billion. Additionally, online gambling went up to $1.2 billion. Lastly, sports betting earned $325 million. Despite players betting on soccer through the year, the state’s sports betting revenue is low.
In 2017, Pennsylvania legalized online gambling and sports betting. According to online gambling South Korea sources, it was part of the state’s aggressive gambling expansion.
Pennsylvania has been battling against New Jersey for the number two spot in commercial casino revenue. Nevada remains the leader in the category. On the other hand, Pennsylvania collected the most tax revenue from the gambling industry.