It was a record punting walk in the Keystone State.
The Pennsylvania Gaming Control Panel reported that the total combined revenue generated from all forms of gaming, along with fantasy competitions, during March 2023 was $515,278,831, an increase of 11.35% compared to revenue generated in March 2022.
the PGCB He also noted that the monthly revenue figure crossed the half-billion mark for the first time since legal gambling began in 2006.
Sources of revenue for the games it organizes PGCB These include slot machines, table games, online games, sports betting, fantasy contests, and Video Game Terminals (VGTs).
Total tax revenue collectively generated through all forms of gaming and fantasy competitions was $212,372,453 through March 2023.
March revenue from slot machines was $225,408,088, a 4.98% increase in revenue compared to $214,721,028 generated in March 2022. The number of slot machines played in March 2023 was 25,643 compared to 26,107 in casinos in March 2022. Tax revenue from the play from slot machines in March of 2023 in the amount of $114,424,145.
Traditional casino table game revenue for the month of March 2023 decreased year-on-year, with revenue of $85,880,299, showing a decrease of 8.91% from March 2022, when revenue was $94,280,351. Total tax revenue from table games played through March 2023 was $14,017,696.
Online casino games generated total revenue of $148,189,028 during March 2023 compared to $118,118,408 in March 2022, an increase of 25.46%. Monthly revenue records are set for slots, table games, and total online gaming revenue. Tax revenue generated from playing online games during March 2023 was $63,534,618.
March 2023 total sports betting handle was $723,545,806 or 1.20% higher than March 2022 total of $714,976,578. At the same time, the March 2023 taxable revenue number was $50,645,259 or 66.59% higher compared to March 2022, when taxable revenue was $30,400,581. Tax revenue generated from sports betting was $18,232,293.
Total adjusted revenue for March 2023 for video game consoles was $3,757,506, or 1.87% less than March 2022, when revenue was $3,829,287. By the end of March 2023, VGT Terminal operators were running a maximum of five machines at 66 eligible truck stop facilities, compared to five machines at 63 last year.
Fantasy contests revenue was $1,398,651 in March 2023, an increase of 0.59% from March 2022, when revenue was $1,390,443.