Pennsylvania Casinos Saw $5.2 Billion In 2022 Revenue
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Pennsylvania is home to one of the top sports betting industries in the country, and 2022 proved it. The Pennsylvania casino industry brought in some major revenue throughout the year, breaking records along the way.
The state is home to a wide range of popular physical casinos, as well as online sports betting, retail sports betting, and online sports betting. Let’s take a deeper look at the successful 2022 year for Pennsylvania casinos as well as the state’s sports wagering numbers.
Pennsylvania Shatters Records With Over $5 Billion In 2022 Revenue
The 16 different Pennsylvania casinos brought in some big money last year, with $5.2 billion in total revenue. According to the Pittsburgh Post-Gazette, this number outshines 2021’s $4.7 billion in gaming revenue.
However, the casinos weren’t the only big winners in 2022, as tax revenue from casino gaming was plentiful. 2022 saw $2.1 billion in Pennsylvania casino tax revenue, once again breaking state records and showing improvement from 2021’s $1.9 billion.
When it comes to the most profitable casino games, slot machines saw almost $2.4 billion in revenue, while table games brought in $990.5 million. Online gaming revenue was major in 2022 as well, with $1.36 billion for Pennsylvania iGaming and $401.2 million for sports betting.
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Top Pennsylvania Casinos See The Most Profits
Of the 16 different casinos located in the Keystone State, Rivers Casino saw the biggest numbers in 2022. The popular retail casino spot brought in $373.9 million in 2022 revenue, followed closely by Hollywood Casino at the Meadows with $265.7 million.
Live! Casino Pittsburgh also performed well, with $111.9 million in revenue from 2022.
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Pennsylvania Sports Betting Keeps Rolling
The Pennsylvania sports betting industry launched in 2019, and the numerous sports betting operators in the state have seen some massive success. Since the 2019 rollout, Pennsylvania has seen a total sports betting handle exceeding $18.8 billion, meaning we should see that number eclipse $20 billion sooner rather than later.
Pennsylvania also closed out 2022 with a big December, seeing a handle over $754 million, which included approximately $71 million in revenue for a 9.4% hold. Part of this likely had to due with the playoff race heating up, as both the Philadelphia Eagles and Pittsburgh Steelers were battling for postseason positions.
The overall success of the state’s sports betting industry is due in part to the passionate fans in the state. Pennsylvania is home to some major professional teams, such as the Eagles, Steelers, Philadelphia Flyers, Pittsburgh Penguins, and Philadelphia 76ers. College sports are also popular in the state, with teams like the Pittsburgh Panthers and Penn State Nittany Lions attracting action from bettors.
Retail sportsbooks are also available in various casinos throughout the state, with the FanDuel Sportsbook at Valley Forge Resort being one of the most popular. However, that’s just the tip of the iceberg, with other top in-person sportsbooks being the DraftKings Sportsbook at Hollywood Meadows, the BetRivers Sportsbook at Rivers Pittsburgh Casino, and the Caesars Sportsbook at Harrah’s Philadelphia.
