Subjects: SVY, STP
Table Games Drives Increase in Overall PA Casino Gaming Revenue in 2017
HARRISBURG, Pa., Jan. 16, 2018 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board reported today that the gross total gaming revenue combining slot machines and table games rose slightly and once again exceeded $3.2 billion in calendar year 2017.
While slot machine revenue was slightly down in 2017 from 2016, the Board reported that table games revenue reached a record high this past year. That amount helped propel overall gaming revenue to the highest calendar year figure since legalized casino gaming began in Pennsylvania, $3,226,910,816. It also marked the seventh straight calendar year in which the total casino revenue figure topped $3 billion.
Tax revenue in 2017 from the combined play of slot machines and table games was $1,332,202,319*.
The following chart tracks slot machine and table games gross revenue since the first slots-only casino opened in November 2006. Table games were added to Pennsylvania casinos in July 2010.
|
Calendar Year |
Gross Slot Machine Revenue |
Gross Table Games Revenue |
Gross Total Gaming Revenue |
|
2006 |
$31,567,926 |
n/a |
$31,567,926 |
|
2007 |
$1,039,030,723 |
n/a |
$1,039,030,723 |
|
2008 |
$1,615,565,758 |
n/a |
$1,615,565,758 |
|
2009 |
$1,964,570,480 |
n/a |
$1,964,570,480 |
|
2010 |
$2,273,934,190 |
$212,473,871 |
$2,486,408,061 |
|
2011 |
$2,405,867,897 |
$618,905,062 |
$3,024,772,959 |
|
2012 |
$2,470,935,317 |
$687,382,546 |
$3,158,317,863 |
|
2013 |
$2,384,098,225 |
$729,830,365 |
$3,113,928,590 |
|
2014 |
$2,319,534,380 |
$749,543,217 |
$3,069,077,597 |
|
2015 |
$2,365,651,659 |
$808,137,112 |
$3,173,789,771 |
|
2016 |
$2,360,184,122 |
$853,238,055 |
$3,213,422,178 |
|
2017 |
$2,336,212,902 |
$890,697,914 |
$3,226,910,816 |
|
TOTAL |
$23,567,153,578 |
$5,550,208,143 |
$29,117,361,721 |
Gross revenue of $890,697,914 from the play of table games at Pennsylvania's 12 casinos in 2017 was 4.4% higher than revenue in 2016:
|
Casino |
2017 Gross Table Games Revenue |
2016 Gross Table Games Revenue |
% Change |
|
Sands Casino Resort Bethlehem |
$243,170,902 |
$230,151,256 |
5.66% |
|
Parx Casino |
$178,297,138 |
$161,821,309 |
10.18% |
|
SugarHouse Casino |
$119,869,572 |
$116,492,823 |
2.90% |
|
Rivers Casino |
$65,796,858 |
$69,104,326 |
-4.79% |
|
Harrah's Philadelphia Casino and Racetrack |
$65,270,571 |
$65,296,774 |
-0.04% |
|
Mount Airy Casino Resort |
$50,084,907 |
$42,584,186 |
17.61% |
|
Mohegan Sun Pocono |
$42,413,840 |
$45,441,506 |
-6.66% |
|
The Meadows Racetrack and Casino |
$36,603,067 |
$31,406,093 |
16.55% |
|
Hollywood Casino at Penn National Race Course |
$35,758,641 |
$34,361,514 |
4.07% |
|
Valley Forge Casino Resort |
$34,419,700 |
$37,059,368 |
-7.12% |
|
Presque Isle Downs and Casino |
$14,470,503 |
$14,864,123 |
-2.65% |
|
Lady Luck Casino Nemacolin |
$4,542,215 |
$4,654,778 |
-2.42% |
|
Statewide Total |
$890,697,914 |
$853,238,055 |
4.39% |
Table games revenue for each of the casinos in December 2017 has been posted on the Board's web site, www.gamingcontrolboard.pa.gov, under the Revenue section of the site. The below chart compares December 2017 table games revenue compared to the amount generated in December 2016:
|
Casino |
December 2017 Gross Table Games Revenue |
December 2016 Gross Table Games Revenue |
% Change |
|
Sands Casino Resort Bethlehem |
$21,069,119 |
$19,010,584 |
10.83% |
|
Parx Casino |
$15,410,420 |
$13,087,664 |
17.75% |
|
SugarHouse Casino |
$10,791,811 |
$10,165,490 |
6.16% |
|
Rivers Casino |
$6,143,200 |
$6,162,798 |
-0.32% |
|
Harrah's Philadelphia Casino and Racetrack |
$5,435,355 |
$5,691,000 |
-4.49% |
|
Mohegan Sun Pocono |
$3,411,212 |
$3,948,244 |
-13.60% |
|
Mount Airy Casino Resort |
$3,355,546 |
$3,611,371 |
-7.08% |
|
Valley Forge Casino Resort |
$3,201,217 |
$2,745,041 |
16.62% |
|
The Meadows Racetrack and Casino |
$2,910,039 |
$2,958,673 |
-1.64% |
|
Hollywood Casino at Penn National Race Course |
$2,869,421 |
$3,235,782 |
-11.32% |
|
Presque Isle Downs and Casino |
$803,866 |
$1,010,490 |
-20.45% |
|
Lady Luck Casino Nemacolin |
$442,786 |
$251,154 |
76.30% |
|
Statewide Total |
$75,843,993 |
$71,878,290 |
5.52% |
*annual tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives to the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.
The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos. These facilities collectively employ 18,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.
Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.
CONTACTS: Doug Harbach or Richard McGarvey
(717) 346-8321
SOURCE Pennsylvania Gaming Control Board
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