Pennsylvania Slots Revenue Surges 18% In August Thanks To Table GamesSeptember 8, 2010 7:36 am
Revenue generated from Pennsylvania’s nine casinos has continued to grow since the introduction of table games a couple of months ago, and posted a 5% rise in their August figures compared to the same period last year.
As well as the increase in revenue generated from table games, an added benefit has been to attract more visitors to the state, which has resulted in a record year-on-year increase in slot revenue by a staggering 18%.
According to The Gaming Control Board, the Pennsylvanian casinos produced $196,635,849 gross revenue in August from slot machines alone, and with a 55% tax rate, the state benefited enormously to the tune of $108,121,631.
Commenting on the importance of August’s solid figures, Gaming Control Board Chairman Greg Fajt said:
“Expansion at Commonwealth casinos during the past 90 days has produced tremendous benefits to Pennsylvanians. In addition to the growth in tax revenue from slot machine gaming that affords, among other things, a reduction in homeowners property taxes, more than 4,000 additional jobs were created through the rollout of table games.”
The casino which saw the largest increase in its slot revenues was the Sands Casino Resort Bethelem, helped greatly by the 89 table games it introduced, including poker, roulette, blackjack, baccarat and craps.
As well as adding $1.6 million over 14 days from these games, the Sands slots revenue leaped an incredible 25% to more than $24 million.
President of the Sands Bethelem, Robert DeSalvio summed up succinctly the optimistic situation prevailing in Pennsylvania by stating:
“Combining table games with our slot machines and our mix of entertainment options creates an environment we are confident will attract visitors from across the region.”