written and last updated by
Sam Smith at
21 Aug 2024
Journalist, Editorial Department
The Pennsylvania Gaming Control Board (PGCB) has reported an increase in the state's overall gaming revenue. In July, the total rose by 7% compared to June, reaching $500.8 million (46.07 billion rubles). This figure encompasses all segments of the gaming industry, including slot machines, table games, iGaming, and sports betting.
Traditionally, the largest share of revenue in Pennsylvania comes from slot machines in brick-and-mortar establishments. In July 2024, this segment generated $204.3 million (18.8 billion rubles), a decline of 4.83% due to a reduction in the number of slot machines from 25,291 in July 2023 to 24,709 in the same month this year. Nevertheless, tax revenues for the state remained robust at $103.2 million (9.5 billion rubles).
A similar trend was observed in the table games sector, where revenue fell by 4.84% to $79.4 million (7.3 billion rubles), resulting in tax contributions of $13.1 million (1.2 billion rubles) to the state.
In contrast, online gambling showed significant growth, with revenue increasing by 31.2% to $174.3 million (16.04 billion rubles), contributing $75.5 million (6.9 billion rubles) to the state treasury.
The sports betting sector also experienced growth, rising by 22.52% to reach $38.6 million (3.55 billion rubles), which translated into $13.9 million (1.28 billion rubles) in tax revenues for Pennsylvania.
These latest financial results underscore that the growth of the iGaming and sports betting sectors continues to drive the state's gaming market. Earlier reports indicated that Pennsylvania's gambling industry achieved a record total revenue of $5.7 billion (524.4 billion rubles) for the year 2023.
Additionally, the video gaming terminals (VGT) sector saw a revenue increase of 4.33%, totaling $3.5 million (322 million rubles), with tax payments amounting to $107,246 (9.87 million rubles).
Notably, the combined revenue of the U.S. gaming industry rose by 8.9% in the second quarter of 2024.
