PGCB gaming revenue surpasses $6B for first time ever

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The Pennsylvania Gaming Control Board (PGCB) reported that combined gaming revenue achieved a record high in 2024, and for the first time crossed the $6 billion mark during a calendar year. 

According to a release, the increase was fueled by more than 25% in iGaming revenue over the previous year. 

The combined revenue figure reported by the PGCB for 2024 is $6,137,414,455 and is 7.73% more than the 2023 combined revenue amount of $5,697,218,115. The figure represents the combined revenue of slot machines, table games, sports wagering, iGaming, video gaming terminals (VGTs) and fantasy contests. 

The 2024 tax revenue, along with the annual slot machine license operation fee, was $2,663,575,443, the highest amount of revenue returned to the state in a calendar year. The previous mark of $2,454,273,306 was set last year. 

Gross revenue from slot machines at the casinos was $2,447,354,419, a 0.66% decrease compared to the $2,463,698,452 generated in 2023. Table games revenue at the casinos was $937,479,260, a 3.53% decrease from the $971,742,564 generated a year ago. Revenue for iGaming was $2,181,669,449 a 25.25% increase in revenue when compared to the $1,741,832,079 generated in 2023. 

Sports wagering revenue was $510,716,858, a 11.36% increase in revenue over the $458,616,339 generated last year. Sports wagering handle, the amount wagered through both retail and online, was $8.42 billion, a 9.62% increase over the $7.68 billion in 2023. 

Revenue for VGTs at truck stops was $41,525,888, a 0.70% increase in revenue when compared to the $41,237,349 generated a year ago. At the end of the year there were 74 VGT facilities in Pennsylvania. Fantasy contests revenue was $18,668,580, a 7.08% decrease in revenue from the $20,091,332 generated in 2023. 

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of gambling involving 17 land-based casinos, online casino games, retail and online sports wagering, and VGTs at qualified truck stops, along with the regulation of online fantasy sports contests. 

The land-based casino industry in Pennsylvania consists of six racetrack (Category 1) casinos, five stand-alone (Category 2) casinos, two resort (Category 3) casinos and four mini-casinos (Category 4). Casinos and the other types of PGCB-regulated gaming generated $2.66 billion in tax revenue and fees in 2024.