Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.
The figure for the 12 months to June 30, 2019 represents a 1.84% increase on the $3.25bn posted in the corresponding period last year. The state collected a total of $1.39bn in tax from gambling, up from $1.3bn in the previous year.
Slots were by far the main source of income for licensed casinos in Pennsylvania, with revenue amounting to a collective $2.37bn, slightly up from $2.35bn last year.
Table games followed with revenue of $885.6m, down by 1.08% on $895.3m last year – the first time the state has seen a year-on-year drop since table games were introduced in its casinos in 2010.
Meanwhile, legal sports betting, which launched in the state in November of last year, generated $21.7m in revenue in the period to June 30. This was primarily derived from land-based activities, with online wagering having not launched until May this year.
In addition, fantasy sports revenue amounted to $23.6m in the 12-month period, up 56.4% on $1.0m last year.
The yearly sports wagering result was boosted by a record performance by the market in June, partly due to the roll-out of legal online sports betting in May. Licensed operators posted collective revenue of $3.1m for June – the highest figure since legal sports wagering launched last year.
Operators processed a total of $46.3m in bets last month, representing another record for the state, as internet betting helped push its handle past the previous high of $44.5m in March. For the period to June 30, 2019, Pennsylvania’s sports betting handle amounted to $244.7m.
Retail sports betting revenue stood at $1.7m in June, the lowest monthly figure since the first month of legal wagering in November last year, with retail handle also slipping to a year-low of $27.0m.
However, online betting generated $1.4m in revenue, pushing the monthly total to a new record. Punters spent a total of $19.3m on licensed internet platforms last month.