Pennsylvania’s Gambling Revenue Increases by 7.05% YoY in May, According to Gaming Control Board Report
Pennsylvania’s gambling industry has been on the rise for the past few years, and the latest report from the state’s Gaming Control Board shows that the trend is continuing. According to the report, Pennsylvania’s gambling revenue increased by 7.05% year-over-year in May.
The report shows that the state’s total gambling revenue for May was $413.2 million, up from $385.4 million in May 2019. This increase is largely due to the growth of online gambling in the state, which has been a major driver of revenue growth over the past year.
Online gambling revenue in Pennsylvania reached $55.8 million in May, up from $19.5 million in May 2019. This represents a staggering 186% year-over-year increase, and shows just how much of an impact online gambling is having on the state’s overall gambling industry.
In addition to online gambling, other forms of gambling in Pennsylvania also saw growth in May. Slot machine revenue increased by 5.8% year-over-year, while table game revenue increased by 3.3%. Sports betting revenue also saw a significant increase, with revenue from sportsbooks reaching $77.5 million in May, up from $35.9 million in May 2019.
Overall, the report shows that Pennsylvania’s gambling industry is continuing to grow and evolve, with online gambling playing a major role in driving revenue growth. As more states legalize online gambling and sports betting, it will be interesting to see how Pennsylvania’s industry continues to evolve and compete in this rapidly changing landscape.
