Total Pennsylvania Casino Revenue Rises 3.6% During the Just-Completed State Fiscal Year

18/07/2016 14:11

Source: PR News

HARRISBURG, Pa., July 18, 2016 /PRNewswire-USNewswire/ -- The $3.23 billion of gross revenue generated during the 2015/2016 state fiscal year which ended on June 30th from the combined play of slot machines and table games was 3.6% above the revenue during the previous fiscal year, according to figures released today by the Pennsylvania Gaming Control Board.

The following chart provides the amount of gross slot machine, table games and total revenue generated beginning with the first full fiscal year in which table games were operating at the Commonwealth casinos:

State Fiscal Year

(July 1 - June 30)

Gross Slot Machine Revenue

Gross Table Games Revenue

Total

Gaming Revenue

Year over Year % Change

2010/2011

$2,346,641,869

$507,711,162

$2,854,353,031

--

2011/2012

$2,476,775,317

$663,854,672

$3,140,629,989

10.03%

2012/2013

$2,428,887,430

$713,107,163

$3,141,994,593

0.04%

2013/2014

$2,319,890,598

$731,874,861

$3,051,765,460

-2.87%

2014/2015

$2,335,787,919

$779,738,065

$3,115,525,984

2.09%

2015/2016

$2,388,658,549

$839,177,086

$3,227,835,876

3.60%

The monthly table games report posted on the Board's web site shows that over $68.4 million in table games revenue was generated during June 2016, a 2.15% increase compared to June 2015.  That revenue boosted total table games revenue during the 2015/2016 fiscal year to nearly $840 million, a 7.6% increase over the 2014/2015 fiscal year. 

A comparison of gross table games revenue of the past two Junes and for the past two Fiscal Years is as follows:

Casino

June 2016

Gross Table Revenue

June 2015

Gross Table Revenue

Month over Month % Change

Sands Casino Resort Bethlehem

$19,093,476

$17,542,517

8.84%

Parx Casino

$12,222,406

$12,514,906

-2.34%

SugarHouse Casino

$10,145,531

$8,640,390

17.42%

Rivers Casino

$5,384,393

$5,524,073

-2.53%

Harrah's Philadelphia Casino and Racetrack

$5,145,051

$5,266,922

-2.31%

Mohegan Sun Pocono

$3,635,374

$3,678,459

-1.17%

Mount Airy Casino Resort

$3,074,252

$3,503,061

-12.24%

Valley Forge Casino Resort

$2,973,908

$3,134,117

-5.11%

Hollywood Casino at Penn National Race Course

$2,620,670

$3,020,486

-13.24%

The Meadows Casino

$2,211,263

$2,557,775

-13.55%

Presque Isle Downs and Casino

$1,374,560

$1,162,820

18.21%

Lady Luck Casino Nemacolin

$565,532

$461,854

22.45%

Statewide Total

$68,446,415

$67,007,380

2.15%

 

Casino

Gross Table Games Revenue FY 2015/2016

Gross Table Games Revenue FY 2014/2015

Year over Year % Change

Sands Casino Resort Bethlehem

$228,165,109

$203,013,659

12.39%

Parx Casino

$155,077,987

$137,018,239

13.18%

SugarHouse Casino

$104,756,514

$94,341,590

11.04%

Rivers Casino

$70,695,507

$70,433,182

0.37%

Harrah's Philadelphia Casino and Racetrack

$67,802,927

$65,786,055

3.07%

Mohegan Sun Pocono

$45,686,420

$49,252,812

-7.24%

Mount Airy Casino Resort

$45,337,671

$44,490,934

1.90%

Valley Forge Casino Resort

$36,856,291

$32,538,435

13.27%

Hollywood Casino at Penn National Race Course

$33,507,458

$34,411,339

-2.63%

The Meadows Casino

$32,050,048

$29,345,205

9.22%

Presque Isle Downs and Casino

$14,094,128

$13,703,109

2.85%

Lady Luck Casino Nemacolin

$5,147,026

$5,403,506

-4.75%

Statewide Total

$839,177,086

$779,738,065

7.62%

Total table games tax revenue during fiscal year 2015/2016 was $119,685,210*. Estimated combined tax revenue from slot machines and table games for the 2015/2016 fiscal year was $1,395,818,865*.

*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 was established in 2004 and is tasked to oversee all aspects of the state's casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two resort casinos.  These facilities collectively employ over 17,000 people and annually generates $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 with additional tax revenue going to the horse racing industry, economic development projects, fire companies, county fairs, water and sewer projects, the Commonwealth's General Fund, and to local governments that host casinos.

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

CONTACT: Doug Harbach or Richard McGarvey 
(717) 346-8321

 

SOURCE Pennsylvania Gaming Control Board



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