Gaming Revenue in Pennsylvania Hits Another Record High | company

It was another record year for legalized gambling nationwide.

According to the Pennsylvania Gaming Control Board, total gaming revenue generated in Pennsylvania in 2022 was half a billion dollars more than the previous year.

The board reported that the combined revenue from slots, table games, sports betting, internet gaming, video game terminals and fantasy contests in Pennsylvania totaled more than $5.2 billion in 2022, compared to approximately $4.7 billion in 2021.

This led to a record production of combined tax revenues from gambling in 2022 of more than $2.1 billion compared to about $1.9 billion in 2021.

Mohegan Pennsylvania in Plains Twp. generated more than $243.3 million in total gaming revenue in 2022, a slight increase of 0.35% over 2021, according to the board’s figures. That included more than $185 million in slot machine revenue.

Anthony Carlucci, President and General Manager of Mohegan Pennsylvania, said that slot revenue growth was strong in 2022, up nearly 4.4% from 2021.

“This has placed us fourth out of 16 casinos nationwide and we are certainly encouraged by this brand,” said Carlucci.

According to the Pennsylvania Gaming Control Board, table game sales at Mohegan Pennsylvania fell nearly 7.3% from nearly $33 million in 2021 to about $30.6 million in 2022.

Sports betting revenue in Plains Twp. Casino fell about 18% to about $3.2 million in 2022 and Internet gaming revenue fell about 14.6% to about $22.9 million in 2022.

Mohegan Pennsylvania has partnered with Unibet for its internet gaming and online sports betting products. While the larger internet gaming operators account for the bulk of online revenue, Mohegan Pennsylvania posted a “solid increase” in the fourth quarter of 2022, Carlucci said.

“This quarter was the best of our last six,” Carlucci said. “We look forward to continuing to build on that momentum this year, especially as we help Unibet transition to all-in-house technology on Mohegan Pennsylvania’s iGaming platforms.”

While gaming revenue hit an all-time high statewide, total gaming at Monroe County’s Mount Airy Casino Resort fell nearly 7.7% from about $267.6 million in 2021 to about $247 million in 2022.

According to the Pennsylvania Gaming Control Board, slots revenue at Mount Airy grew nearly 1.4% from nearly $142.5 million in 2021 to about $144.5 million in 2022.

However, table gaming revenue at Mount Airy declined approximately 7.7% to approximately $39.75 million in 2022, while internet gaming revenue fell nearly 20.6% to approximately $57 million and revenue from sports betting fell by more than 43.5% to approximately $5.76 million.

A Mount Airy spokesman did not respond to questions about why gaming revenue has fallen.

Gross slot revenue at all 16 Pennsylvania casinos in 2022 was nearly $2.4 billion, a 4.5% increase from 2021. Table game revenue at all casinos was nearly $990 in 2022 $.6 million, up 7.1% from 2021. Internet gaming revenue was approximately $1.36 billion, up 22.6% from 2021. Sports betting revenue was in to about $401.2 million in 2022, up nearly 18% from 2021, according to the board’s figures.

The board reported that total revenue from all forms of gambling plus fantasy competitions was nearly $475 million in December 2022, the highest monthly total to date and an increase of nearly 17% from December 2021.

PlayPennsylvania analyst Chris Imperiale said the Pennsylvania online casino market continues to dominate the national betting landscape as it set another all-market US internet gaming record with nearly $167 million in gross revenue in December .

“This is the third straight month that Pennsylvania casinos have set a national record by bringing lifetime tax revenue to over $1.1 billion, more than any other state,” Imperiale said. “This new all-time high for Pennsylvania’s online casinos has taken the state to its best single-month total gaming revenue of $475 million, up nearly 17% from a year ago.”

Imperiale added that while annual growth in the state’s sports betting market is slowing, December numbers were strong.

“Pennsylvania Sportsbooks raised a total of $754.8 million thanks to the tremendous exposure for the Eagles and the NFL,” he said. “This was about 5.3% below October’s record result, but still marks a slight increase in bets compared to December 2021.”