The Pennsylvania Gaming Control Board (PGCB) is set to release the full monthly revenue figures for the all for the 12 casinos that make up its gambling industry. A lot has been going on and it will, therefore, come as no surprise that there will be notable changes in that regard. In the meantime, earlier this week, the gaming control board released revenue figures for the state’s slot machine industry and according to these figures, there was a 1.1 percent increase in revenue during the just concluded 2018/2019 state fiscal year compared to the 2017/2018 fiscal year.
To give you a more explicit or in-depth breakdown of the revenue bump, the PGCB report revealed that slot machine revenue in the state totaled to $2.378 billion in the 12 months of the last fiscal year. This was a $26.5 million increase from the $2.352 billion that was recorded in the 2017/2018 fiscal year. From the $2.378 billion that the slot machine operators brought in, a total of $1.237 billion went to state coffers in the form of tax revenue.
Slot machine gaming in the Keystone State has been live since 2006 and till now, the industry has managed to bring in a whopping $27 billion, $14.5 billion of which went to state coffers as tax revenue.
The Top Performers
Parx Casino topped all of the state’s other casinos in the 2018/2019 fiscal year and it managed to do this while recording an increase of about 4 percent increase from $400.7 million to $416.8 million. Winds Creek Bethlehem which was recently acquired by the Poarch Creek Band of Creek Indians from Wynn Resorts came in second. It, however, recorded a 2.09 percent dip from $302 million to $295.7 million.
The biggest revenue change was recorded by Valley Forge Casino – the operator’s revenue saw an 11.96 percent increase in slot machine revenue. This was expected as the casino operator has recently improved its offerings through an expanded and renovated gaming floor and by adding 250 slot machines at the beginning of the year.
Individual Casino Performance
|Casino||Gross Revenue from Slot Machines FY 2018/2019||Gross Revenue from Slot Machines FY 2017/2018||% Change|
|Wind Creek Bethlehem (formerly Sands)||$295,726,499||$302,054,464||-2.09%|
|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%|
|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%|