Pennsylvania casinos reach new record for gambling revenue

HARRISBURG — Casinos and other gaming operators in Pennsylvania set a new annual record for gambling revenue, rising above $5 billion for the first time, state regulators said Tuesday. The figures are for the fiscal year 2021-2022, which runs from July 1 to June 30.

That revenue figure is about 30% higher than the $3.9 billion recorded in the previous fiscal year, and slightly above the previous calendar year’s high of $4.7 billion reported in January.

In addition to revenue topping $5 billion during the fiscal year, the combined tax revenue from the games during the year will also top $2 billion for the first time.

The previous high for gaming revenue and tax revenue in a fiscal year was during 2020-2021 with $3.87 billion and $1.59 billion respectively, according to a press release.

According to the Gaming Control Board, the overall revenue increase from the previous high fiscal year can be attributed to a record high in revenue for table games, along with continued growth in the Sports Wagering, iGaming and Video Gaming Terminal (VGT) markets.

The casino winnings came from 16 casinos, including four new mini-casinos authorized under a 2017 law, as well as fantasy sports operators and truck stops.

Looking at results from some of the region’s gaming facilities, the Hollywood Casino at Penn National Race Course in Dauphin County, owned by Wyomissing-based Penn National Gaming Inc., saw total revenue for the fiscal year 2021-2022 of more than $701 million, an overall increase of 51.86% over the fiscal year 2020-21.

Hollywood Casino saw most of its revenue generated from iGaming, accounting for $481 million. Hollywood Casino York, which opened in August 2021, had total revenue of $77 million for the fiscal year.

Hollywood Casino in Morgantown, which opened in December 2021, had total revenue for the fiscal year of $34.5 million.

Among other regional casinos:

• Rivers Casino Philadelphia had total revenue of $561 million.

• Valley Forge Casino in Upper Merion had total revenue of $522 million.

• Wind Creek Bethlehem had total revenue for fiscal year 2021-2022 of $530 million.

• Live! Casino Philadelphia reported just under $251 million in total revenue.

• Harrah’s Philadelphia, Chester reported $217.5 million in total revenue.

Revenue in casinos from slot machines grew to $2.4 billion and from table games to above $1 billion for the fiscal year 2021-2022. Online gambling, in just its fourth year, grew to more than $1.2 billion. Sports betting, in its fifth year, added $325 million in revenue. Pennsylvania legalized both sports betting and online gambling in 2017, as part of a gambling expansion.

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