Pennsylvania Gambling Has Slow June but State Sets Fiscal Year Record

Pennsylvania Gambling Has Slow June but State Sets Fiscal Year Record
By Lou Monaco
Fact Checked by Pat McLoone

The official June Pennsylvania sports betting figures released Tuesday showed up and down results in handle and revenue, but the state also announced a record fiscal year.

The figures were reported by the Pennsylvania Gaming Control Board (PGCB).

The Keystone State’s total sports wagering handle (retail, online) for the month was more than $393.49 million, down a solid drop of 14.1% from May’s $493.35 million and a decrease of 6.4% from June 2021 total of more than $420.19 million.

Online sports betting handle in the state posted at more than $363.96M, down 20.5% from May’s $457.95 million and down a modest 4.03% from last June’s $379.27 million. In June, mobile betting was 92.5% of the market.

Gross sports betting taxable revenue was not promising. It posted at just $12.77 million, down a whopping 63.4% from May’s $35 million and down 62.69% this time last year from $34.23 million.

Tax revenue generated from sports wagering during June was a little less than $4.6 million. Pennsylvania levies a 34% state tax.

Pennsylvania Sports Betting, June vs. May

Total HandleMobile Handle Gross Revenue
June $393.494M $363.964M $12.769M
May $493.351M $457.948M $35.010M
ChangeDown 14.1%Down 20.5% Down 63.4%

 

Fiscal Year Proved To Be Record-Breaking

There was good news Tuesday, too.

The PGCB also announced that the combined Fiscal Year 2021/2022 revenue figures (July 1, 2021 to June 30, 2022) posted a record of more than $5.04 billion.

It marked the first time that overall revenue for gaming topped $5 billion. In addition, the combined tax revenue from these games during the fiscal also topped more than $2 billion for the first time.

Pennsylvania’s previous high for gaming and tax revenue in a fiscal year was 2020-2021 with more than $3.87 billion (gaming) and $1.59 billion (tax).

Gaming Down In All Categories

The Commonwealth posted decreases across the board last month in Pennsylvania gambling.

Pennsylvania online casinos also took a hit.

Pennsylvania is one of only a few states that currently has legal real money online casinos. The other states are neighboring New Jersey, Delaware and West Virginia as well as Connecticut and Michigan.

Those states, plus Nevada, also have legal online poker.

Table games gross revenue posted at more than $76.12 million, down 14.1% from May’s $88.58 million.

June interactive banking tables handle posted at $1.62 billion, down a solid 16.4% from May’s $1.94 billion. The gross revenue for interactive banking tables for the month was more than $28.04 million, down 13% from May ($32.28 million).

Slot machine figures on both the online and retail sides showed the same trend.

June interactive slots handle was more than $2.05 billion, down 5.9% from May ($2.179 billion). Interactive slots gross revenue was $72.28 million, down 7.5% from May’s $78.21 million. 
 
Retail slots handle was $2.52 billion, down 6.4% from May’s $2.69 billion. Retail slots showed gross terminal revenue just short of $193 million, down 6.12% from May’s $205.67 million. 

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WRITTEN BY
PennStakes.com
Lou Monaco
Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
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Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
... Read More
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