Record Fiscal Year for Pennsylvania Gaming and Fantasy Contest

The Pennsylvania Gaming Control Board reported that the combined Fiscal Year 2020/2021 revenue figures, which runs from July 1st to June 30th, reached a record $3.875 billion.
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 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.
A comparison of combined revenue is below:
Fiscal Year
Slot
Machine Revenue
Table Games Revenue
Sports Wagering Revenue
Fantasy Sports Contests
iGaming Revenue
VGT’s Revenue
Total Gaming Revenue
10/11
$2,346,641,869
$507,711,162
$2,854,353,031
11/12
$2,476,775,317
$663,854,672
$3,140,629,989
12/13
$2,428,887,430
$713,107,163
$3,141,994,593
13/14
$2,319,890,598
$731,874,861
$3,051,765,460
14/15
$2,335,787,919
$779,738,065
$3,115,525,984
15/16
$2,388,658,549
$839,177,086
$3,227,835,635
16/17
$2,336,152,508
$866,518,820
$3,202,671,328
17/18
$2,352,320,937
$895,278,806
$2,349,569
$3,249,949,311
18/19
$2,378,859,341
$885,588,231
$21,730,113
$23,588,490
$3,309,766,175
19/20
$1,697,955,473
$644,543,736
$113,724,759
$20,868,176
$240,894,852
$6,798,123
$2,724,785,117
20/21
$1,887,573,437
$721,763,471
$308,849,184
$28,186,529
$897,216,020
$31,334,744
$3,874,923,386
Estimated combined tax revenue from these gambling initiatives for the Fiscal Year 2020/21 was $1,593,642,159 compared to $1,123,665,601 in the previous fiscal year. Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue.