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Pennsylvania Slot Machine Revenue Increases in 2018/2019 Fiscal Year

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Pennsylvania Slot Machine Revenue Increases in 2018/2019 Fiscal YearReading Time: 3 minutes

 

The Pennsylvania Gaming Control Board today reported that slot machine revenue increased 1.1% during the recently completed 2018/2019 state fiscal year compared to the previous fiscal year.

The findings were part of a report posted on the Board’s web site that provides monthly revenue figures for all 12 Commonwealth casinos.

Slot machine revenue was up in 9 of the 12 months during the most recent fiscal year totaling $2,378,859,341 or $26.5 million higher than the $2,352,320,937 generated during the 2017/2018 fiscal year. Tax revenue produced by slot machine play during the 2018/2019 fiscal year totaled $1,237,085,077*.

The Board noted that these figures reflect only slot machine revenue and not total gaming revenue that includes table games.  The Board will provide those figures later this month when it publishes its June 2019 and fiscal year 2018/2019 revenue report for table games.

To date, since the opening of the first casino in November of 2006, revenue from slot machine play has totaled $27 billion resulting in tax generation of $14.5 billion.

Below is a comparison of the statewide slot machine revenue for each fiscal year since casinos opened in Pennsylvania:

State Fiscal Years

(July 1 – June 30)

Gross Revenue from

Slot Machines

Tax Revenue from

Slot Machines*

2006/2007

$454,579,636

$250,018,898

2007/2008

$1,404,753,259

$772,614,293

2008/2009

$1,754,002,790

$964,701,535

2009/2010

$2,164,839,765

$1,190,592,417

2010/2011

$2,346,641,869

$1,283,992,674

2011/2012

$2,476,775,317

$1,345,087,522

2012/2013

$2,428,887,430

$1,308,622,258

2013/2014

$2,319,890,598

$1,241,218,137

2014/2015

$2,335,787,919

$1,247,016,899

2015/2016

$2,388,658,549

$1,276,133,621

2016/2017

$2,336,152,508

$1,236,670,146

2017/2018

$2,352,320,937

$1,192,851,503

2018/2019

$2,378,859,341

$1,237,085,077

* Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue. Tax revenue figures for FY 2017/2018 were affected by legal changes regarding the Local Share Assessment and by Act 42 of 2017.

The Board is also providing year-over-year slot machine gross revenue comparisons for each casino for the 2018/2019 and 2017/2018 fiscal years:

Casino

Gross Revenue from

Slot Machines

FY 2018/2019

Gross Revenue from

Slot Machines

FY 2017/2018

% Change

Parx Casino

$416,890,976

$400,733,138

4.03%

Wind Creek Bethlehem (formerly Sands)

$295,726,499

$302,054,464

-2.09%

Rivers Casino

$291,107,335

$274,238,465

6.15%

The Meadows Casino

$211,955,727

$209,520,273

1.16%

Hollywood Casino at Penn National Race Course

$205,718,923

$207,355,560

-0.79%

Harrah’s Philadelphia Casino and Racetrack

$196,207,089

$199,718,368

-1.76%

Mohegan Sun Pocono

$194,507,527

$202,793,257

-4.09%

SugarHouse Casino

$182,607,146

$178,910,959

2.07%

Mount Airy Casino Resort

$145,483,303

$146,997,589

-1.03%

Presque Isle Downs and Casino

$114,881,765

$114,436,868

0.39%

Valley Forge Casino Resort

$96,278,435

$86,686,698

11.06%

Lady Luck Casino Nemacolin

$27,494,616

$28,875,296

-4.78%

Statewide Total

$2,378,859,341

$2,352,320,937

1.13%

Finally, the report on the Board’s web site also provides a statewide total and casino-by-casino monthly slot machine revenue for June 2019. During the month of June, the 12 casinos had a slight rise of .5% in gross revenue over June 2018.

Gross revenue for each of the casinos operating in June 2019 is as follows, with the percentage change from the previous June:

Casino

Gross Revenue from

Slot Machines

June 2019

Gross Revenue from

Slot Machines

June 2018

% Change

Parx Casino

$34,632,235

$34,848,793

-0.62%

Wind Creek Bethlehem (formerly Sands)

$24,967,880

$24,656,720

1.26%

Rivers Casino

$24,059,071

$22,977,523

4.71%

The Meadows Casino

$17,613,994

$17,309,316

1.76%

Hollywood Casino at Penn National Race Course

$17,005,540

$17,401,373

-2.27%

Mohegan Sun Pocono

$16,240,403

$16,164,708

0.47%

Harrah’s Philadelphia Casino and Racetrack

$15,829,226

$16,677,142

-5.08%

SugarHouse Casino

$14,981,076

$14,706,899

1.86%

Mount Airy Casino Resort

$12,569,585

$12,853,288

-2.21%

Presque Isle Downs and Casino

$9,881,800

$10,269,029

-3.77%

Valley Forge Casino Resort

$8,463,665

$7,559,802

11.96%

Lady Luck Casino Nemacolin

$2,511,426

$2,339,080

7.37%

Statewide Total

$198,755,901

$197,763,672

0.50%

The average number of operating slot machines during June of this year at the 12 casinos was 24,869 compared to 25,737 in June of last year.

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. In addition to slot machine and table games gambling, this now includes sports wagering offered through land-based sportsbooks at eight locations and through three online outlets. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ over 16,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

Source:  Pennsylvania Gaming Control Board


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Pennsylvania Slot Machine Revenue Increases in 2018/2019 Fiscal Year

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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The post Push Gaming enjoys further Spanish market growth with Bally’s Interactive appeared first on European Gaming Industry News.

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The post Betandyou supports the Legends Charity Game in Lisbon appeared first on European Gaming Industry News.

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Distribution deal sees leading racing provider for the Americas extend its scope into Italy’s local pool betting via governing body for horse racing

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The post 1/ST CONTENT and Italy’s MASAF form new partnership ahead of the Breeders’ Cup appeared first on European Gaming Industry News.

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