Pennsylvania Sets Record With 2018 Gaming RevenueDespite A Small Drop In Table Games Revenue, State Casinos Pulled In More Than $3.24 Billion From Bettors |
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In 2018, Pennsylvania set record highs in annual gaming revenue, albeit by the slimmest of margins. Between table games and slots at the state’s 12 casinos, the properties managed to win over $3.24 billion from gamblers.
It’s the fifth year in a row that the state’s casinos have seen growth, just barely edging out 2017 for the state’s all-time record when the casinos generated $3.22 billion. The state reached an all-time high despite a 1.3 percent drop in table games revenue from 2017.
In 2018, there was more than $878 million generated from table games. It was down slightly from the previous record-high in 2017, but the state had a record take in slot machines to overcome the dip. The properties won a combined $2.369 billion from their slot machines.
Of the record revenue, the state government received $1.377 billion in taxes. Most of that will go to the state’s General Fund, which is used to reduce school taxes paid for by Pennsylvania property owners. The rest will be allotted to the local governments in the areas that host the casinos.
For the second year in a row, Parx Casino was the state’s top earner. It generated $603 million in revenue in 2018, with $411 million coming from slot machine revenue. The Philadephia-area casino opened up its sportsbook last week, joining the state’s three other operators.
Pennsylvania legalized sports betting in 2018 and 2019 will be the first full year in which the casinos will accept wagers on sporting events. There are currently four land-based options in the state for sports betting, but more will be rolled out throughout 2019, as well as mobile betting apps.
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