19 Jul 20232 min. read

Pennsylvania's gaming revenue for the 2022-2023 fiscal year reached a record $5.5 billion

Pennsylvania's gaming revenue for the 2022-2023 fiscal year reached a record $5.5 billion
Sam Smith
written and last updated by Sam Smith at 19 Jul 2023 Journalist, Editorial Department
The Pennsylvania Gaming Control Board has released financial figures for the gaming industry for the 2022-2023 fiscal year, reporting a record total gaming revenue of $5.5 billion (approximately 502.5 billion rubles). This surpasses the previous record of $5.04 billion (460.5 billion rubles at current exchange rates) set in the 2021-2022 fiscal year.
The increase in revenue has also led to a rise in tax contributions, which grew from $2.16 billion (over 197 billion rubles) to $2.3 billion (210 billion rubles), marking another new record.
For the 2022-2023 period, slot machines generated a total revenue of $2.5 billion (228.4 billion rubles), with the largest share coming from Parx Casino in Philadelphia, which reported $389.9 million (35.6 billion rubles). Meanwhile, revenue from table games reached $974 million (nearly 89 billion rubles), with Wind Creek Bethlehem leading this segment at $236.7 million (21.6 billion rubles).
The iGaming market also set a separate record, generating total revenue of $1.5 billion (137 billion rubles). Hollywood Casino in Grantville topped the charts with $648 million (59.2 billion rubles), followed by Rivers Casino Philadelphia with $330.8 million (30.2 billion rubles).
Sports betting revenue for the 2022-2023 fiscal year reached $491.9 million (almost 45 billion rubles), with Valley Forge Resort Casino in King of Prussia bringing in $255.4 million (23.3 billion rubles). This figure is more than double that of Hollywood Casino in Meadows, which reported $109.9 million (over 10 billion rubles).
Pennsylvania legalized gambling in 2010, and in its first fiscal year, the state's total gaming revenue was $2.8 billion (255.8 billion rubles at current exchange rates).
In related news, IAG has announced the first-ever "Super September" in Manila, featuring the IAG Academy Summit, the IAG Academy IR Awards, and Manila After Dark.

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