Pennsylvania Breaks Gaming Revenue Record for Fiscal Year 2024/2025

0
132

HARRISBURG, PA – The Pennsylvania Gaming Control Board (PGCB) announced that the total revenue generated across all forms of regulated gaming in Fiscal Year 2024/2025 has reached a historic high of $6.39 billion, surpassing last year’s record-setting mark of $5.89 billion. The fiscal year in Pennsylvania runs from July 1 through June 30.

This total encompasses earnings from retail casinos (slots and table games), iGaming, sports wagering, fantasy contests, and video gaming terminals (VGTs).

Tax Revenue Surpasses $2.79 Billion

The fiscal year also delivered a record $2.8 billion in tax revenue, an increase from $2.54 billion in FY 2023/2024. These funds support:

  • School property tax relief
  • Local and statewide infrastructure, safety, and recreational projects
  • Agricultural initiatives, including horse racing
  • Contributions to the Commonwealth’s General Fund

Gaming Sector Breakdown

Retail Slot Machines

  • Revenue: $2.44 billion (↑ 0.08%)
  • Tax Revenue: $1.34 billion
  • Slot machines remain the largest single revenue generator among physical casino offerings.

Retail Table Games

  • Revenue: $928.9 million (↓ 3.04%)
  • Tax Revenue: $154.9 million
  • Despite a slight dip, table games continue to be a strong contributor.

iGaming (Online Casino Gaming)

  • Revenue: $2.48 billion (↑ 27.09%)
  • Tax Revenue: $1.10 billion
  • The digital gaming sector achieved its highest revenue total to date.

Sports Wagering

  • Revenue: $487.6 million (↓ 0.22%)
  • Handle: $8.72 billion (↑ from $8.17B)
  • Tax Revenue: $175.5 million
  • While revenue dipped slightly, overall wagering activity climbed.

Video Gaming Terminals (VGTs)

  • Revenue: $41.4 million (↑ 0.70%)
  • Tax Revenue: $21.5 million
  • 75 VGT locations were active across Pennsylvania by year-end.

Fantasy Sports Contests

  • Revenue: $19.1 million (↓ 0.66%)
  • Tax Revenue: $2.87 million
  • A modest decline following a plateau in contest participation.

Pennsylvania continues to be one of the nation’s leading gaming markets, with the PGCB emphasizing responsible growth and a commitment to reinvesting in the state’s communities.