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Pennsylvania Gambling Revenue Sets New Reocrd

The Gaming Control Board has reported record Pennsylvania gambling revenue of $3.875 billion for the combined Fiscal Year 2020/2021 which just ended on June 30th. The previous high for revenue in a state fiscal year was during 2018/2019 when revenue was slightly more than $3.3 billion.

Since that time there has been significant growth in the nascent sports wagering and fantasy sports contests markets along with the establishment of both the iGaming and VGT markets. Those four markets combined constituted almost 33% of the total Pennsylvania gambling revenue achieved in Fiscal Year 2020/2021.

The year over year increase of revenue this past fiscal year compared to Fiscal Year 2019/2020 was significant, primarily as a direct result of casino shutdowns and other factors related to Covid-19 restrictions. This included closure of casinos for three months in the second quarter of 2020 affecting slot machine, table games, video gaming terminals (VGTs), and retail sport wagering revenue, along with the stoppage of play of major sporting events which further affected sports wagering.

For more information, you can visit the Pennsylvania Gaming Control Board website.

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