FOR IMMEDIATE RELEASE

June 20th, 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

Total Table Games Revenue Exceeds $50 Million For Third Consecutive Month

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

Table games produced $51,401,083 in gross revenue in May generating $8,282,211 in tax revenue. Pennsylvania has a 16% tax rate on gross table games revenue with 14% going to the Commonwealth’s General Fund and 2% to the local host county and municipality.

May’s total gross revenue exceeded $50 million for the third consecutive month, and table games has now returned more than $238 million in tax revenue to the state and local communities. That includes $73,390,655 in taxes from the play of table games along with $165 million in one-time table games certification fees paid collectively by the casinos.

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

Casino Tables Gross Revenue State
Tax*
Local
Tax#
Parx Casino 171 $9,787,136 $1,428,236 $195,743
Sands Casino Resort Bethlehem 113 $7,151,905 $1,001,267 $143,038
Harrah's Chester Casino and Racetrack 121 $6,933,723 $970,721 $138,674
SugarHouse Casino 43 $6,634,069 $928,770 $132,681
Rivers Casino 107 $5,791,679 $810,835 $115,834
The Meadows Racetrack and Casino 71 $3,696,027 $517,444 $73,921
Mohegan Sun at Pocono Downs 84 $3,349,028 $468,864 $66,981
Mount Airy Casino Resort 72 $3,194,568 $447,240 $63,891
Hollywood Casino at Penn National Race Course 61 $3,178,063 $444,929 $63,561
Presque Isle Downs and Casino 48 $1,684,887 $235,884 $33,698
Statewide Total 891 $51,401,083 $7,254,189 $1,028,022

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

May’s total pushed state and local tax collections in the 2010/11 Fiscal Year to $73,390,655:

Month Tables
Statewide
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 $43,626,464 $6,107,705 $872,529
March 854 $54,606,617 $7,644,927 $1,092,132
April 869 $52,886,879 $7,407,873 $1,057,738
May 891 $51,401,083 $7,254,189 $1,028,022
Total -- $458,305,667 $64,224,541 $9,166,114

*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. Currently, the ten casinos in operation in the Commonwealth employ over 14,000 people and legalized gaming has generated over $5.1 billion in tax and license fee revenue since the first casino opened in November 2006. A portion of that money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to the Commonwealth’s horse racing industry, funding grants for fire companies and water/sewer projects, and establishing a new stream of tax revenue to local governments for 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.

#  #  #