Pennsylvania Table Games And Slots Revenue Up In September 2010October 22, 2010 9:59 am
Following the state of Pennsylvania’s decision to introduce table games to their casinos in July this year, it has gained further ground in its drive to wrestle the title of ‘gambling capital of the East Coast’ from its current holder New Jersey.
After August’s impressive gross revenue figure of $34,555,172, Pennsylvania’s 694 table games have now managed to generate $36,866,126 in revenue for September.
Over the same period Pennsylvania saw its slot machines revenue increase by 7.8% to $186,365,015, compared to a year earlier, helping to produce $102,220,135 in tax revenue for the state.
Pennsylvania originally introduced table games in order to help plug a revenue gap in its state budget, as well as a means to reduce its unemployment. Pennsylvania’s September table game results seems to have succeeded on both those fronts as $5,898,580 in tax revenue was collected by the state for the month, while also recording a two-tenths of a percentage point drop in unemployment to 9% or 6,365,000.
After September’s impressive results were released by the Pennsylvania Gaming Control Board, Chairman Greg Fajt commented:
“This tax revenue is an essential element for meeting the Commonwealth’s general budget needs and makes the Board’s successful implementation of table games in just a six month period critical to the state’s financial health. In the coming months, the Board will do all it can to facilitate continued table game revenue growth while also being diligent in our oversight efforts to protect the public.”
With the opening of the new 40 table SugarHouse Casino on September 23rd, Pennsylvania now boasts 10 casinos.
This month, the Parx Casino emerged top of the group with $6,529,448 in gross revenue from table games throughout the month, followed by Harrah’s Chester Casino and Racetrack with $5,326,848, and Rivers Casino with $4,942,013.