Pennsylvania Gaming Control Board reports initial sports wagering revenue
The Pennsylvania Gaming Control Board posted on its website its initial monthly report for Sports Wagering. The initial report encompasses just the returns from November 15th to 30th for Hollywood Casino at Penn National Race Course which was the first to launch a sports wagering facility in the Commonwealth.
The monthly report, which will include additional facilities as they launch sportsbooks, provides a breakdown of the total handle collected, gross revenue, and taxes owed to the Commonwealth.
During the aforementioned November period, Hollywood Casino at Penn National Race Course reported a handle of $1,414,586.55 and adjusted gross revenue after payouts of $508,996.60.
A total of $183,238.77 of tax revenue was generated and returned to the Commonwealth from sports wagering at Hollywood Casino during this two-week period:
• State Tax (34% of adjusted gross revenue): $173,058.84
• Local Share Assessment (2% of adjusted gross revenue): $10,179.93
Two additional facilities, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia commenced sports wagering during December. Revenue figures for those facilities will be included in next month's report.
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