Home Pennsylvania reports record gambling revenues for 2024

Pennsylvania reports record gambling revenues for 2024

Pennsylvania recorded just over $6.1 billion in gambling revenue in 2024, setting a new record total for the Commonwealth. 

The Pennsylvania Gaming Control Board reported a 7.7% increase from 2023, as the popularity of iGaming and sports betting increases. Those income streams were the big winners, with online casinos returning revenue increases of over 25%, worth around $2.2b. 

Sportsbooks also spiked up more than 11%, worth around $511 million, as detailed in a press release from the Board.

Conversely, those gains were not reflected across the full gambling vista. 

Slots remained the Keystone State’s biggest single source of gambling revenue with a solid return of $2.4b, but this was a marginal slump of around 0.66% compared to the previous 12 months. 

Table games also declined by just over 3.5%, down to $937m.

Shifting habits and changing customer preferences for gaming

The importance of gambling revenues was reflected with the Pennsylvania state purse collecting around $2.7b, boosted further by the annual slot machine license fees that are part of the system.  

An increase in revenues brings the benefit of higher taxes returned for the greater good of the state, but as always the need for responsible gaming initiatives and support for compulsive gamblers is paramount. 

Overall, the bigger picture looks to be a positive one for the gaming sector in PA. 

Habits continue to shift with changing customer preferences, but the numbers reflect the growth, particularly in sports betting and online casinos. A measured approach will seek to further capitalize on these gains, consolidating other streams, while mitigating aspects of potential harm for players and the industry. 

If that can be harnessed together, Pennsylvania will be well-placed for further returns in the year ahead.

 

Image credit: Via Ideogram

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The ReadWrite Editorial policy involves closely monitoring the tech, gambling and blockchain industries for major developments, new product and brand launches, AI breakthroughs, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Graeme Hanna
Tech Journalist

Graeme Hanna is a full-time, freelance writer with significant experience in online news as well as content writing. Since January 2021, he has contributed as a football and news writer for several mainstream UK titles including The Glasgow Times, Rangers Review, Manchester Evening News, MyLondon, Give Me Sport, and the Belfast News Letter. Graeme has worked across several briefs including news and feature writing in addition to other significant work experience in professional services. Now a contributing news writer at ReadWrite.com, he is involved with pitching relevant content for publication as well as writing engaging tech news stories.

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