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Pennsylvania Second Richest Gaming State, Edges New Jersey by $28K – Casino.org
Posted on: January 18, 2023, 05:48h.
Last up to date on: January 18, 2023, 05:48h.
Pennsylvania was the nation’s second-richest gaming state in 2022, however solely by the slimmest of margins.
Live! Casino Hotel Philadelphia. Pennsylvania gaming income in 2022 went upwards of $5.2 billion to narrowly edge New Jersey for the glory of being the second-richest gaming state within the nation. (Image: The Philadelphia Inquirer)
A day after New Jersey revealed that its full-12 months gaming income totaled slightly greater than $5.2 billion, state gaming regulators in Pennsylvania mentioned income there additionally totaled $5.2 billion. With Nevada far and away the nation’s richest gaming state, New Jersey and Pennsylvania have been battling for the glory of second-finest over the previous few years.
While New Jersey managed to retain its runner-up standing in 2021 by topping Pennsylvania by about $2.6 million — $4.737 billion in NJ to $4.734 billion in Pennsylvania — the Keystone State lastly unseated its neighboring rival in 2022.
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New Jersey’s official 2022 gaming tally was $5,211,272,456. That consists of retail Casinos in Atlantic City, retail and online sports betting, and that iGaming and interactive poker.
Pennsylvania’s official 2022 gaming tally was $5,211,303,191. That consists of revenue from the state’s Casinos, iGaming, in-particular person and online sports betting, video gaming terminals, and fantasy sports activities.
The distinction between the 2 states: $28,735.
Banner Year
The Pennsylvania Gaming Control Board (PGCB) unveiled the state gaming trade numbers at the moment. The $5.21 billion gained throughout the trade simply bested the state’s earlier finest mark of $4.73 billion set solely a 12 months in the past.
Gaming income continues to develop in Pennsylvania due to the state’s 2017 Expanded Gaming Act. The legislative package deal approved iGaming, sports activities betting and fantasy sports activities, and VGTs at sure diesel truck stops. The laws moreover created “mini-casino” alternatives for the state’s brick-and-mortar pursuits.
Though nonetheless comparatively new authorized codecs, the PGCB mentioned iGaming, sports activities wagering, and VGTs every set annual income information in 2022. But so did desk games, which have been working within the commonwealth since July 2010.
The document income resulted in document tax income of $2.12 billion — a $191.7 million 12 months-over-12 months premium.
Parx Casino close to Philadelphia was the richest brick-and-mortar property of the 16 Casinos. Parx gained $393.8 million on its slot machines and one other $243.7 million on its felt for a mixed haul of roughly $637.5 million.
Wind Creek Bethlehem, which was the top desk earner at $242.7 million, got here in second in land-based mostly gross gaming income (GGR) with $272 million from its slots for a complete win of $514.7 million.
Further Expansion Ahead
Pennsylvania is the second-richest gaming state, however the commonwealth gained’t take the top spot anytime quickly — or probably, ever. Nevada will simply proceed its reign, as gaming income via 11 months in 2022 totaled greater than $13.5 billion. Nevada has not but launched December and full-12 months numbers.
Pennsylvania may very well be poised for additional gaming development. VGTs proceed to develop into new diesel truck stops, as comfort shops like Rutter’s proceed to hunt approvals for added places.
At least yet another mini-casino can also be set to open. Parx subsequent month plans to start operations at Parx Casino Shippensburg. The satellite tv for pc casino is taking the place of what was previously a Lowe’s division retailer in Cumberland County.
Another mini-casino is being deliberate for State College, however that license stays tangled in a authorized dispute.
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