FOR IMMEDIATE RELEASE

March 17th, 2011

COMMONWEALTH OF PENNSYLVANIA

Pennsylvania Gaming Control Board
P.O. Box 69060
Harrisburg, PA 17106-9060

CONTACT

Doug Harbach or Richard McGarvey (717) 346-8321

Gaming Control Board Releases Table Game Revenue Figures For February

HARRISBURG, PA: The Pennsylvania Gaming Control Board today posted on its web site the revenue figures for February table games play at the ten operating casinos.

Table games produced $43,626,564 gross revenue in February resulting in $6,980,250 in tax revenue. Pennsylvania has a 16% tax rate on gross table game revenue with 14% going to the Commonwealth’s General Fund and 2% to the local host county and municipality.

Gross revenue for each of the casinos in February 2011 is as follows:

Casino Tables Gross Revenue State
Tax*
Local
Tax#
Parx Casino 150 $8,204,005 $1,148,561 $164,080
Harrah's Chester Casino and Racetrack 122 $6,900,693 $966,097 $138,014
Sands Casino Resort Bethlehem 100 $6,574,739 $920,463 $131,495
Rivers Casino 96 $5,540,439 $775,661 $110,809
SugarHouse Casino 43 $5,220,463 $730,865 $104,409
Hollywood Casino at Penn National Racecourse 58 $3,134,634 $438,849 $62,693
Mohegan Sun at Pocono Downs 84 $3,120,315 $436,844 $62,406
Mount Airy Casino Resort 73 $2,337,155 $327,202 $46,743
Presque Isle Downs and Casino 48 $1,485,535 $207,975 $29,711
The Meadows Racetrack and Casino 68 $1,108,587 $155,202 $22,172
Statewide Total 842 $43,626,564 $6,107,719 $872,531

*14% of gross revenue
# 2% of gross revenue
 

February’s total pushed state tax collections in the 2010/11 Fiscal Year to $47,905,791:


Month
Tables Gross Revenue State
Tax*
Local
Tax#
July (partial) 624 $17,558,398 $2,458,176 $351,168
August 636 $34,555,172 $4,837,724 $691,104
September 694 $36,866,126 $5,161,258 $737,323
October 707 $40,893,425 $5,725,080 $817,869
November 745 $38,520,402 $5,392,856 $770,408
December 783 $44,080,346 $6,171,248 $881,607
January 841 $43,310,753 $6,063,506 $866,215
February 842 $43,626,564 $6,107,719 $872,531
Total -- $299,411,188 $41,917,567 $5,988,224
* 14% of gross revenue
# 2% of gross revenue

A detailed breakdown of revenue by casino can be found on the PGCB website that includes information for non-banking, banking, and electronic tables, revenue and taxes generated, and the number of table games.

In addition to this report, the Board also posts monthly slot machine revenue reports on its web site.

About the Pennsylvania Gaming Control Board
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act.  Pennsylvania’s first new state agency in nearly 40 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry.  To date, with ten casinos in operation, legalized gaming in the Commonwealth has created, or helped race track facilities retain, over 14,000 living wage jobs, provided property tax reduction in each of the past three years for all homeowners, produced revenue that has reinvigorated Pennsylvania’s horse racing industry, and provided a new stream of tax revenue to local governments that has funded scores of community projects.  A wealth of information about the Gaming Control Board and Pennsylvania’s gaming industry can be found at www.pgcb.state.pa.us.  At this web site, visitors can view videos of Board meetings and on the operation of the PGCB, obtain  information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.

#  #  #