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Pennsylvania Casino Revenue Up 2.8% During August

Pennsylvania Casino Revenue Up 2.8% During AugustReading Time: 2 minutes

 

While gross revenue from gambling at table games in Pennsylvania casinos during August 2018 was slightly down, the Pennsylvania Gaming Control Board reported today that total gaming revenue, the combination of slot machine and table games revenue, was up 2.8% compared to August of last year.

The chart below shows a rise of more than $7.5 million in total gaming revenue this August:

Casino

August 2018
Total Gaming
Revenue

August 2017

Total Gaming
Revenue

% Change

Parx Casino

$52,172,737

$48,080,224

8.51%

Sands Casino Resort Bethlehem

$44,437,750

$45,081,674

-1.43%

Rivers Casino

$29,976,472

$27,714,260

8.16%

SugarHouse Casino

$24,652,705

$23,069,926

6.86%

Harrah’s Philadelphia

$21,225,725

$20,866,442

1.72%

The Meadows Casino

$20,284,299

$21,331,372

-4.91%

Hollywood Casino at Penn National Race Course

$20,043,684

$18,859,275

6.28%

Mohegan Sun Pocono

$19,541,451

$20,687,196

-5.54%

Mount Airy Casino Resort

$17,752,347

$17,338,475

2.39%

Presque Isle Downs and Casino

$11,460,245

$11,538,645

-0.68%

Valley Forge Casino Resort

$10,683,577

$9,991,352

6.93%

Lady Luck Casino Nemacolin

$2,779,807

$2,901,452

-4.19%

Statewide Total

$275,010,801

$267,460,292

2.82%

August table games revenue stood at $73,281,370 this year, a decrease of 1.3% over August of last year when revenue was $74,269,815.  A casino-by-casino comparison of table games revenue follows with a more detailed report of this revenue available on the Board’s web site, www.gamingcontrolboard.pa.gov.

Casino

August 2018
Table Games
Revenue

August 2017
Table Games
Revenue

% Change

Sands Casino Resort Bethlehem

$18,685,167

$19,951,914

-6.35%

Parx Casino

$17,384,409

$16,038,261

8.39%

SugarHouse Casino

$10,084,316

$9,052,540

11.40%

Rivers Casino

$6,398,160

$5,531,455

15.67%

Harrah’s Philadelphia

$5,009,079

$4,876,524

2.72%

Mount Airy Casino Resort

$3,714,241

$4,134,837

-10.17%

Mohegan Sun Pocono

$3,110,775

$3,680,031

-15.47%

Valley Forge Casino Resort

$3,058,516

$3,299,329

-7.30%

Hollywood Casino at Penn National Race Course

$2,929,704

$2,510,165

16.71%

Presque Isle Downs and Casino

$1,168,542

$1,313,075

-11.01%

The Meadows Casino

$1,437,556

$3,480,125

-58.69%

Lady Luck Casino Nemacolin

$300,906

$401,558

-25.07%

Statewide Total

$73,281,370

$74,269,815

-1.33%

Total tax revenue from table games play during August was $11,774,566* with an average of 1,275 tables in operation statewide on a daily basis.

*Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

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 17,000 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 all Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov.

 

Source: PGCB


Source: Latest News on European Gaming Media Network

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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