Slot Machine Revenue in Pennsylvania Casinos Rises More Than 5%
The revenue generated by Pennsylvania’s nine casinos was 5.19% more in August 2010 compared to total revenue in August of last year.
The Gaming Control Board reported today that slot machines produced gross revenue of $196,635,849 in August of this year and $108,121,631 in tax revenue. That compares to $186,936,232 in gross revenue and $102,789,443 in tax revenue during August 2009. Slot machine revenue is taxed at 55%.
Revenue for the month also showed an increase of 2.60% when comparing just the eight casinos that have operated for at least a full year. The ninth casino, The Rivers, opened on August 9, 2009, and therefore could not be utilized for this comparison.
Gaming Control Board Chairman Greg Fajt said the solid figures in August complete a strong summer for gaming in Pennsylvania.
“Expansion at Commonwealth casinos during the past 90 days has produced tremendous benefits to Pennsylvanians,” says Fajt. “In addition to the growth in tax revenue from slot machine gaming that affords, among other things, a reduction in homeowners property taxes, more than 4,000 additional jobs were created through the rollout of table games.”
Gross revenue for each of the casinos operating in August 2010 is as follows, with percentage change reflected for those casinos that were operating in both years:
|Casino||August 2010||August 2009||% change|
|Parx casino/Philadelphia Park Racetrack||$34,017,008.40||$30,312,468.47||12.22%|
|Harrah’s Chester Casino and Racetrack||$25,175,687.88||$25,709,960.86||-2.08%|
|The Meadows Racetrack and Casino||$22,527,421.97||$25,445,174.17||-11.47%|
|Sands Casino Resort Bethlehem||$22,460,296.23||$20,235,659.16||10.99%|
|Hollywood Casino at Penn National Racecourse||$21,819,358.66||$20,365,617.89||7.14%|
|Mohegan Sun at Pocono Downs||$19,155,430.16||$19,287,503.53||-0.68%|
|Presque Isle Downs and Casino||$16,282,746.89||$14,954,500.48||8.88%|
|Mount Airy Casino Resort||$13,769,468.47||$14,460,453.24||-4.78%|
*The Rivers Casino was opened for only 23 full gaming days in August 2009.
The average number of slot machines operating statewide daily during August was 25,051.
About the Pennsylvania Gaming Control Board
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania’s first new state agency in nearly 40 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. To date, with nine of a maximum fourteen casinos in operation, legalized gaming in the Commonwealth has created over 8,000 new living wage jobs, revenue that has provided property tax reduction in each of the past three years for all homeowners, funds that have reinvigorated Pennsylvania’s horse racing industry, and new revenue to local governments that has funded scores of community projects. A wealth of information about the Gaming Control Board and Pennsylvania’s gaming industry can be found at www.pgcb.state.pa.us. At this web site, visitors can view videos of Board meetings and the operation of the PGCB, obtain information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.