Pennsylvania Casino Revenues Up 2.9% in September

The Pennsylvania Gaming Control Board has released its casino results for September, revealing a 2.9% increase in revenues to $261 million, or around $7 million more than was generated in the same month of 2015. The Keystone State subsequently collected $113 million by way of gambling tax revenue last month.
In September, Pennsylvania’s casinos reported a year-on-year improvement in both their two main verticals, with slot machine revenues up by 2.4% to $192.1m, and table game also up by 4.35% to $68.8m.
Furthermore, two-thirds of the state’s 12 casinos reported y-o-y growth, including Parx Casino up 10% to $45.9m, and Sands Casino Resort Bethlehem up by 1.17% to $14.1m. Also posting revenue growth was SugarHouse Casino up 11.90% to $23.23m; Mohegan Sun Pocono up 3.38% to $21.5m; The Meadows Casino up 0.31% to $20m; Mount Airy Casino Resort up 2.34% to $15.9m; Presque Isle Downs and Casino up 5.41% to $11.52m; and Valley Forge Casino Resort up 0.25% to $9m.
On the other hand, posting the biggest decline last month was Rivers Casino down 2.68% to $26.18m; followed by Lady Luck Casino Nemacolin down by 1.91% to $2.8m; Hollywood Casino down 1.9% to $19.7m; and Harrah’s Philadelphia down 1.46% to $20.1m. Here is the story so far in 2016:
2016 Monthly Revenues:
January: $256m (+3.6%)
February: $268.3m (+8.6%)
March: $289.1m (+4.2%)
April: $281.2m (+3.9%)
May: $280.2m (+0.80%)
June: $258.4m (-0.2%)
July: $288.4m (+2.95%)
August: $261m (-4.28%)
September: $261m (+2.9%)
Looking ahead, the Senate will be in session during just two weeks in October before ending for the year; namely from October 17-19 and October 24-26. Amongst the pressing issues to be discussed includes whether to pass a gaming reform bill paving the way for the introduction of legalised online gambling. According to the bill’s sponsor, Rep. John Payne, Pennsylvania needs to regulate the industry in order to maintain its advantage, especially with increasing competition coming from its neighboring states. As Payne commented recently:
“We are just hurting ourselves. No one around us is sitting around doing nothing.”

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