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Pennsylvania Gaming Control Board reports record high gaming revenue for 2023

Fueled by a nearly 28% increase in iGaming revenue over the previous year, the Pennsylvania Gaming Control Board is reporting that 2023 combined gaming revenue achieved a record high.

The 2023 calendar year combined revenue figure reported by the PGCB was $5,697,218,115 and consists of the combined revenue of slot machines, table games, sports wagering, iGaming, video gaming terminals (VGTs) and fantasy contests. That figure is 9.3% above the 2022 combined revenue amount of $5,211,335,687.

The resulting tax revenue of $2,343,399,312 generated in 2023 through these forms of gaming was also a record besting the $2,123,019,992 generated in 2022. Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue.

Retail Slot Machine Revenue

Gross revenue from slot machines at the casinos was $2,463,698,452, a 3.05% increase in revenue when compared to the $2,390,757,300 generated in 2022.

Retail Table Games Revenue

2023 revenue from table games at the casinos was $971,742,564, a 1.90% decrease in revenue when compared to the $990,568,468 generated in 2022.

iGaming Revenue

2023 revenue for iGaming was $1,741,832,079 a 27.66% increase in revenue when compared to the $1,364,392,468 generated in 2022.

Sports Wagering Revenue

2023 revenue from sports wagering was $458,616,339, a 14.31% increase in revenue when compared to the $401,208,108 generated in 2022. Sports wagering handle, the amount wagered through both retail and online, was $7.68 billion, a 5.95% increase over 2022’s handle of $7.25 billion.

Video Gaming Terminals

2023 revenue for VGTs at Truck Stops was $41,237,349 a 2.00% decrease in revenue when compared to the $42,079,447 generated in 2022. At the end of the year there were 71 VGT facilities in Pennsylvania.

Fantasy Contests Revenue

2023 revenue from fantasy contests was $20,091,332, a 10.02% decrease in revenue when compared to the $22,329,896 generated in 2022.

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