Pennsylvania Gaming Control Board Post A 6.3 Percent Increase In Revenue For August

Pennsylvania Gaming Control Board Post A 6.3 Percent Increase In Revenue For August

Pennsylvania Gaming Control Board’s overall casino gambling and online sports betting revenues have fared better for August this year than for the same period the previous year.

The gambling regulator posted a 6.3 percent year-on-year increase in revenue for August. The figures represent revenue from all gaming and fantasy sports operations in the state.

Gross revenue from slot machines at the 12 state casinos jumped moderately by 2.25 percent year-on-year to $206,260,869. The previous year for the same period Pennsylvania casinos grossed $201,729,431. Slots machines contributed $106,170,786* in tax revenue for August.

The revenue from table games was up 4 percent to $76,184,709. In August 2018, revenue from table games was recorded $73,281,370. With an average of 1,272 tables in daily operation statewide, table games contributed $12,261,537* to tax revenue.

The revenue from online casino operations totaled $3,428,640 during August while the state raised $1,508,358* in taxes from online casino gambling.

Taxable revenue from both retail and online Sports Betting was $6,115,016. The total sports betting handle was recorded $109,038,051.

Pennsylvania is amongst one of the most liberal states in the US when it comes to gambling and betting. However, in a recent repeat auction for a satellite casino license, not a single company turned up for bidding. The minimum amount for a satellite casino bid was fixed a $7.5 million.

Pennsylvania legalized satellite casino gambling in 2017 and allowed for up to 10 satellite casinos to be built across the state. The satellite casinos can host about 300 to 750 slot machines. The gambling facilities can also host table games at an additional fee.

Leave a Reply

Your email address will not be published. Required fields are marked *