Pennsylvania Sets Record for Gambling Revenue in One Year

Proposal would ban mink farming to stem coronavirus mutation

Revenue in casinos from slot machines, at just under $1.9 billion, and from table games, at $721 million, remains lower than record highs in previous years. But other, newer categories leaped to new record highs.

The rebound comes after pandemic-related shutdowns helped knock casino revenue down significantly. The nearly $3.9 billion from 14 operating casinos, fantasy sports operators and truck stops for the fiscal year ending June 30 beat the previous high, two years ago, by about 17% and last year’s take by more than 40%, according to figures from the Pennsylvania Gaming Control Board. Online casino gambling grew to nearly $900 million in just its second year, while sports betting grew to $309 million in just its third year. Pennsylvania legalized both as part of an aggressive gambling expansion in 2017.

Gambling revenue also benefited from the opening of two new casinos, Live! Casino Philadelphia and Live! Casino Pittsburgh. Pennsylvania dropped behind New Jersey in traditional casino gambling revenue in 2020, eight years after it passed New Jersey to become the nation’s No. 2 gambling revenue state behind Nevada, according to figures compiled by the American Gaming Association.

The News Highlights

  • Pennsylvania Sets Record for Gambling Revenue in One Year
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
LEADERSHIP: Heaney rises to the Yankees, ex-Cubs attacking
LEADERSHIP: Heaney rises to the Yankees, ex-Cubs attacking
A pair of pitchers traded at the deadline — Andrew Heaney and Josiah Gray — make their first starts for new teams. Heaney (6-7, 5.27 ERA) was acquired by the ...
Financial Severity Responds to Attacks on Legitimate Tax Planning
Polish police discover bitcoin mining operation Inside Own Department
This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto ...
Mind on Money: Retirement Savings Act Provides Planning Opportunities |  F. Marc Ruiz: Your mind on money
Mind on Money: Retirement Savings Act Provides Planning Opportunities | F. Marc Ruiz: Your mind on money
Another welcome RMD change in the Secure Act 2.0 proposal reduces the tax penalty associated with RMD mistakes from a very burdensome 50% (one of the ...
Texas Health Systems Are Suffering From The Latest Wave Of COVID
Texas Health Systems Are Suffering From The Latest Wave Of COVID
In a joint statement, three hospital systems that serve the Austin area — Ascension Seton, Baylor Scott & White and St. David’s Healthcare — said the ...
Carnival’s new ship is the first to cross from Port Canaveral
Carnival’s new ship is the first to cross from Port Canaveral
“Today was a truly emotional moment for our entire Mardi Gras team,” said Giuseppe Giusa, the ship’s captain. Mardi Gras was the fifth Carnival Cruise Line ...
Did people break up with COVID-19?  |  Coronavirus News COVID-19
Did people break up with COVID-19? | Coronavirus News COVID-19
Many believe all the changes to everyday life could have been avoided had stronger action been taken sooner.  “One of the big problems we are having is that ...
Iran’s Health Minister Calls for Military Restrictions |  Coronavirus Pandemic News
Iran’s Health Minister Calls for Military Restrictions | Coronavirus Pandemic News
The health ministry said 366 more Iranians died on Sunday while its numbers show virus deaths have surged by 38 percent compared with a week earlier. More than ...
End of the rent eviction moratorium: what to know
End of the rent eviction moratorium: what to know
Yes. Do I need to pay back the missed rent payments? If you missed a payment or were late on a few, you might also owe your landlord a late fee, depending on ...
Allianz warns of risk, confirms US Department of Justice investigation
Allianz warns of risk, confirms US Department of Justice investigation
The company noted that it can’t predict how much of a financial impact it could be facing at this point, given the uncertain outcome of the Securities and ...
NHL investigates Sharks ‘Kane’s bet on their own games
NHL investigates Sharks ‘Kane’s bet on their own games
In a separate post, Anna Kane accused her husband of spending lavishly partying in Europe while asking her to sell her wedding ring to survive and wrote ...
Show next
Compsmag - Latest News from tech, business and health
Logo