PA Table Games Revenue Drops 8% in October


PA PA Table Games Revenue Drops 8% in OctoberReading Time: 2 minutes

 

Figures released and posted today by the Pennsylvania Gaming Control Board on its web site, report that table games revenue for October 2018 at $66,534,318 a decrease of 8.1% over October of last year when revenue was $72,416,690.

The Board also reported that when combining October’s table games revenue with the earlier reported decrease in October’s slot machine revenue, total gaming revenue decreased by 3.5% compared to October of last year.

The report also displays tax revenue from table games play during October in which the total amount was $10,696,636* with an average of 1,285 tables in daily operation statewide.

Gross table games revenue at each of the casinos for October 2018 and October 2017 along with a similar comparison for total casino gaming revenue are in the following tables:

Casino

October 2018
Table Games
Revenue

October 2017
Table Games
Revenue

% Change

Sands Casino Resort Bethlehem

$16,142,904

$19,194,702

-15.90%

Parx Casino

$15,007,804

$13,767,674

9.01%

SugarHouse Casino

$7,956,636

$9,314,343

-14.58%

Rivers Casino

$6,171,090

$5,566,724

10.86%

Harrah’s Philadelphia

$4,681,405

$5,640,131

-17.00%

Valley Forge Casino Resort

$3,400,944

$2,623,543

29.63%

Mount Airy Casino Resort

$3,121,228

$5,192,213

-39.89%

The Meadows Casino

$3,035,543

$3,732,598

-18.67%

Hollywood Casino at Penn National Race Course

$2,778,732

$2,851,032

-2.54%

Mohegan Sun Pocono

$2,612,798

$3,218,538

-18.82%

Presque Isle Downs and Casino

$1,214,206

$1,039,751

16.78%

Lady Luck Casino Nemacolin

$411,031

$275,442

49.23%

Statewide Total

$66,534,318

$72,416,690

-8.12%

Casino

October 2018
Total Gaming
Revenue

October 2017
Total Gaming
Revenue

% Change

Parx Casino

$47,185,687

$45,299,488

4.16%

Sands Casino Resort Bethlehem

$38,613,195

$43,531,393

-11.30%

Rivers Casino

$28,192,622

$26,823,874

5.10%

SugarHouse Casino

$22,650,738

$23,630,640

-4.15%

Harrah’s Philadelphia

$20,521,387

$22,008,312

-6.76%

The Meadows Casino

$20,294,794

$21,387,336

-5.11%

Mohegan Sun Pocono

$18,133,471

$19,693,662

-7.92%

Hollywood Casino at Penn National Race Course

$18,107,113

$19,311,704

-6.24%

Mount Airy Casino Resort

$15,192,375

$17,363,998

-12.51%

Valley Forge Casino Resort

$10,754,110

$9,741,474

10.40%

Presque Isle Downs and Casino

$10,598,111

$10,273,100

3.16%

Lady Luck Casino Nemacolin

$2,546,270

$2,879,202

-11.56%

Statewide Total

$252,789,874

$261,944,183

-3.49%

*Tax revenue figures reflect amounts 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. You can also follow the agency on Twitter by choosing @PAGamingControl.

 

Source: Pennsylvania Gaming Control Board


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