Pennsylvania Casinos Up 3% to $3.17BN in 2015January 18, 2016 12:47 pm
The Pennsylvania Gaming Control Board has released its latest monthly casino figures, revealing a 6.21% increase in table game revenues to $72.22 million, compared to the $67.99 million generated in the same month in 2014. Out of the state’s 12 casinos and racinos, 8 reported year-over-year revenue growth, although Pennsylvania’s biggest earner, Sands Casino Resort Bethlehem, noted a 5.15% decline in table game business to $19.85 million.
With all the result now received, Pennsylvania collected a total of $3.17 billion throughout the whole of 2015, representing a solid 3% improvement over 2014’s tally of $3 billion, and a $15 million improvement on the state’s all time revenue high set in 2012 of $3.16 billion.
Breaking the figures down, table games produced 8% more revenues at $808 million, while slot machines were up 2% to $2.4 billion in 2015, with the state subsequently collecting a 55% tax on all slot revenues, and 14% on table games. Commenting on the figures, Gaming Control Board Chairman David M. Barasch said:
“The casino gaming market remains strong in Pennsylvania. This is good news for state residents who once again saw a return of nearly $1.4 billion in tax revenue that is used by the commonwealth and communities statewide for a myriad of projects, and to all homeowners for a reduction in their school property taxes.”
In 2015, Sands Casino Resort Bethlehem delivered not only the highest table game revenues, but also biggest growth rate, with business up 13.46% to $214.40 million. Nearest rival was Parx Casino up 11.18% to $144.40 million, followed by SugarHouse casino up 4.4% to $94.74 million. At the other end of the scale, Presque Isle Downs was up 2.33% to $13.37 million, and lastly Lady Luck Casino Nemacolin was up 4.49% to $5.3 million. Interestingly, just Harrah’s Philadelphia reported a fall in revenues, which were down by 1.1% to $68.23 million in 2015.
Pennsylvania opened its first slots-only casinos back in 2006, followed by the addition of table games in 2010. By 2011, revenues then passed the $3 billion mark, and have remained above that level ever since. Pennsylvania has now collected $11.8 billion from gambling taxes and license fees since first introducing casino legislation.
Pennsylvania Annual Casinos Revenues: