The Pennsylvania Gaming Control Board reported that tax income generated throughout the mixed Fiscal Year 2022/2023 reached a file degree of $2,369,249,258.
“This tax figure is the result of a record combined revenue generation of over $5.5 billion from casino slot machines and table games, iGaming, sports wagering, video gaming terminals (VGTs) and fantasy sports contests,” the regulator stated.
The earlier excessive for gaming income and tax income in a fiscal 12 months was throughout 2021/2022, with $5.04 billion and $2.16 billion, respectively. The estimated quantities for income and taxes being reported are earlier than any attainable changes by the PA Department of Revenue.
The income from slot machines on the casinos was $2,452,239,440, a 1.74% improve in income in comparison with the $2,410,313,212 generated in Fiscal Year 2021/22. It represents the second-highest fiscal 12 months slot machine income determine trailing solely income generated in 2011/12.
Tax income from taking part in slot machines, together with mandated charges paid by some operators, amounted to $1,356,438,542.
Gross income from desk video games on the casinos was $974,018,112, a 4.11% lower in income in comparison with the $1,015,735,661 generated in Fiscal Year 2021/22. Tax income from the play of desk video games was $158,150,744.
Winnings from on-line casinos have been $1,532,761,065, a 24.38% improve in income in comparison with the $1,232,309,138 generated in Fiscal Year 2021/22. This income quantity is a excessive mark for on-line on line casino for a fiscal 12 months. Taxes collected from iGaming have been $652,554,334.
Sports wagering income was $491,960,612, a 55.82% improve in comparison with the $315,716,247 generated in Fiscal Year 2021/22. This income quantity is a file for a fiscal 12 months. Taxes from sports activities wagering in Fiscal Year 2022/23 have been $177,105,820.
Video gaming terminals at truck stops generated $42,114,593, a 1.28% improve in comparison with the $41,584,158 in Fiscal Year 2021/22. This income quantity is a excessive mark for a fiscal 12 months. At the tip of this fiscal 12 months, 69 VGT services have been working in Pennsylvania in comparison with 65 services in operation on the finish of Fiscal Year 2021/2022. Tax income from VGTs in Fiscal Year 2022/23 was $21,899,588.
And lastly, fantasy contests have been $20,668,195, a 24.32% lower in income in comparison with the $27,308,782 generated in Fiscal Year 2021/22. Tax income from fantasy video games in Fiscal Year 2022/23 was $3,100,229.