Pennsylvania Slots Revenue Up 3.4% To $212 Million In May

Pennsylvania Slots Revenue Up 3.4% To $212 Million In MayPennsylvania has released its slots figures for May, revealing a 3.4% increase in revenue to $212.5 million compared to $205.5 million for the same month last year. In April, Pennsylvania casinos saw a rare 0.6% dip in their gross slots revenue so May’s figures represented a return to form.
The 3.4% year-on-year increase received a boost from Pennsylvania’s newest $165 million Valley Forge Casino Resort, which opened on March 31st, 2012 and took in $3,840,792 for May.
Slot machines account for nearly 80% of Pennsylvania’s gaming revenue, and showing the biggest improvement throughout the month was Sands Casino Resort Bethlehem up 11.24% to $32,619,786, followed by SugarHouse Casino up 9.99% to $16,440,046, and then Mohegan Sun up 4.33% to $19,684,214.
On the other side of the scale, Presque Isle Downs takings was down 10.55% to $13,038,880, while Hollywood Casino fell 2.54% to $21,027,434, and Rivers Casino was down 2.53% to $23,184,626.
Pennsylvania’s huge 55% casino tax rate is one of the highest in the whole country thus ensuring state coffers benefited from almost $115 million in taxes for May. Since its first casino opened in November 2006, Pennsylvania’s 11 casinos have generated a massive $6.6 billion in taxes for the state, which has now grown to become the second biggest gambling market in the USA.
Commenting on the success story of the state which now has 16,000 people employed in the industry, American Gambling Association (AGA) VP of communications Holly Wetzel, said:
“Before Pennsylvania opening up, Atlantic City was really the only gaming market serving the mid-Atlantic and northeast region, it was certainly the largest and it was a bit of an undeserved region in terms of gaming availability. We’ve now seen Pennsylvania has been hugely successful and there are some other states that have since come on, Maryland, and soon to be Massachusetts.”


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