Pennsylvania Casinos Up 1% to $280M in May

admin, June 20, 2016 10:49 am

The Pennsylvania Gaming Control Board has released its casino results for the month of May, revealing a 0.8% revenue increase to $280.2 million compared to the $278 million that was taken in the same month in 2015. The state subsequently collected $10.1 million by way of gambling taxes.
In May, Pennsylvania’s casinos generated $71.3 million from their 1,191 table games, up by 6.5% compared to the $66.7 million collected last May; while slot machine revenues dropped by 1.1% to $208.8 million versus the $211.2 million taken a year earlier. Overall slots and table game figures came in at $4.5 million higher than last May, and also represents nine months of consecutive year-over-year growth for the Keystone State.
Leading Pennsylvania’s casino market in terms of revenues was the Sands Casino Resort Bethlehem, up by 6% to $47.5 million; followed by Parx Casino up by 5% to $47.1 million; the Rivers Casino down 5.3% to $27.8 million; the SugarHouse Casino up 8% to $25.2 million; and Harrah’s Philadelphia down by 3.3% to $24 million.
The growth results were also a mixed bag elsewhere around the state, with the Mohegan Sun Pocono down by 6.7% year-over-year; The Meadows Casino up 1.35%; Hollywood Casino down 1.54%; Mount Airy Casino Resort down by 3.9%; Presque Isle Downs down by 1%; Valley Forge Casino Resort up by 4.83%; and the Lady Luck Casino Nemacoli down by 5.37%.
In the meantime, Pennsylvania is looking to expand its gambling industry, and is currently considering a bill that would allow online casino games, skill-based slot machines, and multistate progressive slot jackpots to be offered in state. Commenting on his bill, Rep. John Payne said that changes were necessary in order to create a “robust gaming industry.. capable of competing internationally, nationally and regionally at the highest levels of quality” whilst protecting the integrity of the game.
Payne’s bill would place a 14% state tax on gaming operator revenues, which together with licensing fees, has been estimated to add $120 million to state coffers during its first year.

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