Pennsylvania Slots Revenue Up 8.5% To $233.1 Million In March

The Pennsylvania Gaming Control Board has released its slots gambling figures for March, revealing an 8.5% rise in gross revenue to $233.1 million compared to the same month last year.
The first two months of 2012 have now seen Pennsylvania’s casinos generate $515.7 million in revenue compared to New Jersey’s $479.6 million, thus further consolidating the Northeastern state’s position as the second largest gambling market in the USA.
Despite its new found position ahead of Atlantic City, Gaming Control Board spokesman Richard McGarvey said he wouldn’t be drawn into commenting on Pennsylvania’s current ranking, which has been described as the “envy of the casino industry.” Richard McGarvey did, however, comment on the state’s impressive figures for last month, stating:
“It still shows that the Pennsylvania market is still expanding. It just shows that the casinos are still drawing more patrons in,” before adding “We’ve also seen better weather so far this year. Especially in March, and March had five Saturdays and Fridays, compared to 2011, when there was four.”
Generating the highest revenue of Pennsylvania’s 11 casinos was Parx Casino up 8.69% to $34.29m, followed by Sands Casino up 18.95% to $23.6m, and Rivers Casino up 9.8% to $24.3m.
The highest gains was seen by Philadelphia’s lone SugarHouse Casino up 25.19% to $18.69m, while the lowest was Harrah’s Chester Casino and Racetrack up by just 0.81% to $25.61m.
The state also collected $126.5 million in tax revenue for March or around $4 million per day, making it the highest since slots were introduced in 2006. In addition, Pennsylvania’s casinos employ 15,316 people as of December 31st, although Gaming Control director of communications Doug Harbach, says that figure is now likely higher due to the recent opening of the Valley Forge Casino. As he explains:
“Revenue increases along with patronage..This was especially true in mid-2010 with the addition of table games which are more labor intensive than slot machines gaming..We estimated that an additional 5,500 jobs were created at the casinos due to table games.”
Table games account for around 20% of Pennsylvania’s gross gaming revenue.

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