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Tag: slot machines

Pa. Gaming Control Board revenue in August increases

Combined revenue for August from gaming in Pennsylvania increased 7.4% over last year to $457,153,095, the Pennsylvania Gaming Control Board reported Tuesday. 

Gaming revenue regulated by the Pennsylvania Gaming Control Board (PGCB) includes slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). 

Slot machine revenue in August was $203,192,328, an increase of 0.95% over the $201,277,627 generated in August 2022. This despite the number of slot machines in operation in August 2023 being 25,206, a lower total than the 25,592 at the casinos at this time last year. Tax revenue from the play of slots machines in August was $102,847,638. 

Revenue from retail table games revenue for August reached $82,676,497, an increase of 5.38% over the August 2022 total of $78,453,939. Total tax revenue from table games play during August 2023 was $13,513,405. 

Internet casino-type Gaming (iGaming) generated revenue of $144,980,774 in August 2023, an increase of 35.27% over the $107,180,341 one year ago. Internet gaming play tax revenue during August 2023 was $63,190,517. 

The sports wagering handle for August was $393,007,298, or 8.25% above the August 2022 total of $363,046,972. Tax revenue generated from sports wagering during August 2023 was $7,929,470. 

VGT adjusted revenue for August 2023 was $3,484,985, 5.40% lower than the revenue of $3,683,907 at this time last year. By the end of August, VGT Terminal Operators were operating the maximum permitted five machines at 69 truck stop establishments, compared to five machines at 66 establishments at this time last year. Tax revenue collected from VGTs in August 2023 was $1,812,192. 

Fantasy Contests revenue for August was $792,206, a decrease of 5.81% from last year at this time, when revenue was $841,087. Tax revenue collected from Fantasy Contests in August 2023 was $118,831.

State Gaming Board reports June revenue increase

The combined total revenue generated from all forms of gaming, along with fantasy contests, during June 2023 was $440,491,675, an increase of 13% over revenue generated in June 2022, the Pennsylvania Gaming Control Board reported Tuesday. 

The Pennsylvania Gaming Control Board (PGCB) regulates gaming revenue that includes slot machines, table games, internet gaming, sports wagering, fantasy contests and video gaming terminals (VGTs). This June, total tax revenue generated collectively through all forms of gaming and fantasy contests was $183,786,565. 

Slot Machine Revenue revenue reached $201,549,571, a 4.43% increase in revenue over the $192,999,137 generated in June 2022. The number of slot machines in operation in June 2023 was 25,348, less than the 25,823 at the casinos one year ago. June 2023 tax revenue from the play of slots machines was $102,188,623. 

Revenue from Retail Table Games for June 2023 was $76,204,262, an increase of 0.11% from the June 2022 total of $76,122,937. Total tax revenue from table games play during June 2023 was $12,426,840. 

Internet Casino-Type Gaming (iGaming) Revenue Casino games increased 31.59% and offered online generated gross revenue of $135,436,692 during June 2023 compared to $102,923,741 a year ago. Internet gaming play during June 2023 generated tax revenue of $58,978,095. 

The total sports wagering handle decreased, the amount of $373,171,415 being 5.16% below the June 2022 total of $393,494,222. The taxable revenue figure for June 2023 was $23,060,076, which was 80.59% higher than the June 2022 taxable revenue of $12,769,552. Tax revenue generated from sports wagering during June 2023 was $8,301,627. 

VGTs total adjusted revenue for June 2023 was $3,392,483, a decrease of 3.26% lower than the June 2022 amount of $3,506,902. By the end of June 2023, VGT Terminal Operators were operating the maximum permitted five machines at 69 qualified truck stop establishments, compared to five machines at 64 establishments at this time last year. The June 2023 tax revenue collected from the play of VGTs was $1,764,091. 

Revenue generated from Fantasy Contests was $848,591 in June 2023, a drop of 43.65% from the $1,505,963 generated in June 2022. Tax revenue from the play of Fantasy Contests in June 2023 was $127,289.

PA gaming revenue climbs to nearly a half billion

For many Pennsylvanians, it’s “Game On.” 

The state’s combined total revenue generated from all forms of gaming and fantasy contests in April 2023 climbed to nearly $500 million, the Pennsylvania Gaming Control Board reported Wednesday. 

The actual amount of $476,723,131 represented an increase of 3.27% over revenue generated in April 2022. 

Slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGT) are sources of gaming revenue regulated by the Pennsylvania Gaming Control Board (PGCB). The total tax revenue brought in from all forms of gaming and fantasy contests in April 2023 was $195,655,736. 

Slot machine revenue decreased, the $213,012,826 generated in April 2023 representing a 2.24% drop from the $217,892,715 reached in April 2022. The decrease can be tied to the fewer number of slot machines (25,555) in casinos in April 2023 compared to the number in operation (26,038) one year ago at this time. The tax revenue from the play of slots machines in April 2023 was $108,154,474. 

Revenue from retail table games for April 2023 also decreased, the $84,373,687 representing a drop of 7.78% from the $91,493,293 in April 2022. Total tax revenue from table games play during April 2023 was $13,820,605. 

Conversely, internet casino-type gaming (iGaming) increased by 21.21%, as the online generated gross revenue of $137,214,750 in April 2023 dwarfed the $113,109,393 at this time last year. Internet gaming play during April 2023 generated tax revenue of $58,277,083. 

The total sports wagering handle for April 2023 was $572,152,803, a 0.12% dip from the April 2022 total of $572,817,741. However, the taxable revenue figure for April 2023 of $37,036,123 was 10.01% higher than the $33,667,057 one year ago. Sports wagering in April 2023 brought in tax revenue of $13,333,004. 

Adjusted revenue for VGTs in April 2023 was $3,534,347, a decrease of 5.77% from the $3,750,735 in April 2022. VGT Terminal Operators were operating the maximum permitted five machines at 68 qualified truck stop establishments by the close of April 2023, compared to five machines at 64 establishments in April 2022. 

Fantasy Contests Fantasy Contests revenue also dropped, the $1,551,398 generated in April 2023 being 9.35% lower than last April’s revenue of $1,711,425. Fantasy Contests brought in tax revenue of $232,710 for April 2023.

Pa. gaming revenue reaches record high

Hollywood Casino at Penn National generated a state-high $80,928,428 in total revenue in March 2023 as monthly Pennsylvania gaming revenue exceeded a half billion dollars for the first time. 

The Pennsylvania Gaming Control Board (PGCB) reported Tuesday that the combined total revenue generated from all forms of gaming, together with fantasy contests in March 2023 was $515,278,831. The total represented an increase of 11.35% over the $462,740,098 in revenue generated in March 2022. 

The March 2023 monthly revenue amount exceeded the half billion mark for the first time since gambling was legalized in 2006. 

Slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs) are the sources of gaming revenue regulated by the PGCB. 

“After a slower month of February, Pennsylvania sportsbooks saw plenty of betting action again in March, recording more than $723.5 million in handle last month,” PlayPennsylvania analyst Chris Imperiale said in a statement. 

“March Madness betting has played a role in getting sports betting figures back to where they were during the NFL season. March’s handle was up around $124 million from February and increased about 1.2% compared to March 2022.” 

Hollywood Casino at Penn National’s total revenue in March increased by 27.02% over the $63,711,802 generated in March 2022. 

Also in central Pennsylvania, Hollywood Casino Morgantown generated $9,472,589 in revenue in March 2023, Hollywood Casino York $9,390,319, and Parx Shippensburg $3,065,542. In the Lehigh Valley, Wind Creek in Bethlehem generated $47,247,055 in revenue in March 2023. 

According to the PGCB, March’s revenue from slot machines was $225,408,088, a 4.98% increase in revenue over the $214,721,028 from March 2022. 

Retail Table games revenue for March 2023 decreased, with revenue of $85,880,299 indicating a drop of 8.91% from March 2022 when revenue was $94,280,351. 

March 2023 saw casino games deliver online generated gross revenue that showed an increase of 25.46%, $148,189,028 compared to $118,118,408 in March 2022. 

The total sports wagering handle in March 2023 increased to $723,545,806, a 1.20% rise above the $714,976,578 from March 2022 total. The taxable revenue figure for March 2023 of $50,645,259 represented a 66.59% higher than the March 2022 revenue of $30,400,581. 

Imperiale said Pennsylvania online casinos continue to set records within the country. 

“In March, they once again posted a new all-time, all-market US iGaming record by producing $181.5 million in monthly revenue. The incredible showing overshadowed their previous best from December 2022 (166.9 million) by around 8.8%, growing about 27.2% year-over-year,” he said. 

“This latest record month helped push the state past the $500 billion mark in monthly revenue from all forms of March gambling. This is the first time Pennsylvania has exceeded this number.”

Pa. casinos seek court injunction to stop iLottery games

Pictured is a screenshot of the Pennsylvania Lottery’s website for iLottery games.

As Pennsylvania prepares to roll out online casino-based gambling in July, a group of seven commonwealth casinos are seeking to stop the Pennsylvania Lottery from continuing to offer certain online games.

The coalition has a filed a preliminary injunction with Commonwealth Court to stop the state Department of Revenue, which oversees the Lottery, from offering casino-style games that “imitate the look, sound, player experience and payouts of slot machines.”

The injunction follows a lawsuit filed last August that argued that the Lottery has unfair advantage over the casinos. Casino operators must pay $10 million license fees to offer online casino games, plus they will pay high tax rates of 54 percent and 16 percent, respectively, for online slot machines and table games.

The casinos, including Hollywood Casino at Penn National Race Course, contest they were given the exclusive right to offer these online games under the state’s 2017 gambling expansion law. The Lottery, meanwhile, was permitted to run other online games to generate additional revenue as gambling options have also grown to include smaller satellite casinos and sports betting.

But since the iLottery debuted last May, the casinos say they have found the following issues:

  • Nine iLottery games have the same titles and/or themes as slot machines offered on Pennsylvania casino floors or online casinos in other states.
  • iLottery games have an average payout of 85 percent, which is the minimum payout percentage for slot machines in Pennsylvania. Traditional lottery games have a 40 percent minimum payout.
  • Several iLottery games offer bonus games and free spins, mirroring the play of slot machines.
  • The state’s own vendors refer to the iLottery games as slot machines. The Department of Revenue also required its game supplier to not sell the same games to Pennsylvania casinos, effectively admitting these are casino games that would otherwise be sold to and offered by casino operators.
  • At least 22 of the iLottery games are certified for compliance with casino gaming standards in other jurisdictions, including the United Kingdom’s Gambling Commission and New Jersey’s Internet and Mobile Gaming regulations.

“Pennsylvania casinos are not opposed to iLottery — only simulated, casino-style games,” said coalition spokesman David La Torre. “In fact, casinos are supportive of the lottery’s mission and provide space for lottery ticket vending machines on their casino floors. Some have become the best-selling outlets of lottery tickets in Pennsylvania.”

Jeffrey Johnson, a spokesman for the Department of Revenue, said the department believes the iLottery games are being operated in accordance with the 2017 law.

“We are working every day to ensure the Pennsylvania Lottery continues to fulfill its mission of responsibly generating profits for senior programs,” he said.

 

Read the full injunction here: As-filed Application for Preliminary Injunction by Jason Scott on Scribd

 

This story has been updated to include comments from Jeffrey Johnson.