PITTSBURGH, PA – The latest figures, recently disclosed by the state, reveal that Pennsylvania achieved a remarkable milestone in the fiscal year 2022-23, with wine and spirits sales surpassing an impressive $3.15 billion.
The Pennsylvania Liquor Control Board, entrusted with overseeing the distribution of alcohol across the state and operating a network of 600 wine and spirits stores, reported that sales conducted in the previous fiscal year reached an impressive $3.15 billion. This represents an increase of $133 million or 4.5% compared to the preceding year.
Remarkably, last year marked the inaugural occasion when gross wine and spirits sales in Pennsylvania exceeded the $3 billion mark.
However, while the numbers are a cause for celebration, it’s noteworthy that net income for the fiscal year amounted to $260.8 million, which signifies a 21% decline compared to the prior fiscal year. This dip in net income can be primarily attributed to heightened pension and workers’ compensation obligations faced by the Liquor Control Board.
A substantial contribution of over $813.5 million was directed toward the General Fund, a vital financial source supporting educational programs, healthcare initiatives, law enforcement, and public safety endeavors. This funding emanated from liquor tax, sales tax, and cash transfers.
The Pennsylvania State Police benefited from a significant allocation of $32.3 million from the Liquor Control Board for the enforcement of liquor control measures. Furthermore, a notable $11.5 million in local sales taxes was disbursed to Philadelphia and Allegheny counties.
Beyond its financial contributions, the Liquor Control Board took proactive measures to nurture the state’s beer and wine industries. To this end, it authorized grants totaling $1.8 million during the fiscal year. Additionally, an allocation of nearly $1.7 million was dedicated to alcohol education grants, aimed at curtailing underage and hazardous drinking practices.
These statistics underscore the multifaceted role that Pennsylvania’s liquor and spirits industry plays in the state’s economic and social landscape.
