Pennsylvania - The Pennsylvania Gaming Control Board (PGCB) released its annual revenue report with an increase of over $500 million from last year. But almost all of this growth stems from one form of gambling as others remain stagnant.

Last year the PGCB reported a total revenue of $5,892,516,807 across all forms of legally recognized gambling in the state. Those include:

  • Slot machines
  • iGaming (virtual casinos)
  • Table games
  • Sports wagering
  • Virtual Gambling Terminals (in-person digital screen games)
  • Fantasy Sports

This year the grand total came to $6,394,641,819 with an exact revenue increase of $502,125,012. But despite that growth only two forms of gambling faced revenue shifts of more than one percent.

Traditional table games in casinos saw a three percent drop in revenue which is consistent with their performance for the last three years.

But the breadwinner of Pennsylvania's gambling industry: iGaming. With a hefty increase of 27% since last year for a total of $2,477,083,825 or just under $2.5 billion this year.

For the first time in the PGCB's history slot machines are no longer the highest earning form of gambling in the Commonwealth with a total revenue of $2,440,474,767 or ~$36.5 million less than iGaming.

Virtual casinos have been on the rise since their inception, but never more so than after the pandemic. For the last three years their revenue has jumped by hundreds of millions of dollars while other increases are marginal in comparison.

The top virtual casino operators are the Hollywood Casino at Penn National Race Course, the Valley Forge Casino Resort and the Rivers Casino Philadelphia totaling almost $2 billion of the total ~$2.5 billion in iGaming revenue on their own.