Pennsylvania Gaming Industry Posts Yearly Revenue Record at Nearly $6.4 Billion
Pennsylvania gaming revenue hit a record high in the state’s 2024/25 fiscal year, with gamblers losing almost $6.4 billion during the 12 months. The Pennsylvania Gaming Control Board (PGCB) reported this week that gaming revenues from casinos, iGaming, sports betting, video gaming terminals, and fantasy sports reached a record high in the 2024/25 fiscal year.
The state gaming agency is tasked with regulating all forms of commercial gambling in the commonwealth, aside from the state-run lottery, parimutuel wagering, and charitable gaming. The PGCB said gamblers lost nearly $6.4 billion ($6,394,641,819) between July 1, 2024, and June 30, 2025.
The revenue growth was largely driven by iGaming, with gross gaming revenue (GGR) from in-person casino slot machines and table games totaling $3.36 billion. This was down 0.8%, or about $27.2 million, from the 2023-24 financial year. However, iGaming revenue surged 27% to $2.47 billion, making it the leading contributor to gaming revenue.
The growth in iGaming can be attributed to its increasing popularity and accessibility. Pennsylvania is one of only seven states with legal online casino gambling, and the industry has been growing steadily since its inception.
In addition to iGaming, sports betting also contributed to the record-breaking revenue. Revenue from sports betting was up slightly, with oddsmakers taking roughly $487.6 million of bets.
The growth in gaming revenue has significant implications for the state and local governments. The state gaming agency reported that gaming taxes totaled almost $2.8 billion, which is a substantial increase over the previous high.
Gaming taxes support various programs, including school property tax reduction, economic development initiatives, the agricultural industry, and the General Fund. This revenue can be used to fund essential services and support local communities.
In conclusion, the Pennsylvania gaming industry has achieved a record-breaking year with nearly $6.4 billion in revenue. The growth of iGaming and other forms of online gambling has been instrumental in driving this success.
Key Statistics
- Gross Gaming Revenue (GGR): $3.36 billion
- Igaming Revenue: $2.47 billion
- Sports Betting Revenue: $487.6 million
- Video Gaming Terminal Revenue: $41.4 million
- Fantasy Sports Revenue: $19.1 million
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Conclusion
The Pennsylvania gaming industry has achieved a record-breaking year with nearly $6.4 billion in revenue. The growth of iGaming and other forms of online gambling has been instrumental in driving this success. As the industry continues to evolve, it will be exciting to see how it shapes the future of gaming in the state.