Gaming Control Board Releases January Table Games Revenue
HARRISBURG, PA: The play of table games during January at Pennsylvania casinos generated tax revenue of more than $8.6 million, according to figures posted today on the Gaming Control Board’s web site, www.gamingcontrolboard.pa.gov.
With an average of 962 tables in operation on a daily basis during January, gross revenue from play of all table games was $52,980,494 which was nearly $9.7 million higher than in January 2011 when revenue totaled $43,310,753 with an average 841 tables operating on a daily basis. That is a 22.3% increase in revenue year over year.
Pennsylvania taxes gross table games revenue at 16% (14% to the Commonwealth’s General Fund and 2% to local share fund) which resulted in $8,609,347 of tax revenue.
Gross revenue for each of the casinos in January 2012 compared to January 2011 is as follows:
||Jan. 2012 Tables
||Jan. 2012 Gross Revenue
|Jan. 2011 Gross Revenue
|Sands Casino Resort Bethlehem
|Harrah's Chester Casino and Racetrack
|Mohegan Sun at Pocono Downs
|Mount Airy Casino Resort
|Hollywood Casino at Penn National Race Course
|The Meadows Racetrack and Casino
|Presque Isle Downs and Casino
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. The ten casinos in operation all offer both slot machine and table game gambling, employ over 15,000 people, and collectively have generated $6 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.gamingcontrolboard.pa.gov. At this website, 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.
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