Table Game Revenue Figures For September Released By Gaming Control Board
HARRISBURG, PA: The Pennsylvania Gaming Control Board today posted on its web site the revenue figures for September table games play at the ten operating casinos.
Table games produced gross revenue of $36,866,126 In September resulting in $5,898,580 in tax revenue after applying the 16% tax rate (14% to the Commonwealth’s General Fund and 2% to the local host county and municipality). That compares to $34,555,172 in gross revenue and $5,528,828 in tax revenue during August 2010, an increase of 6.7%.
Gaming Control Board Chairman Greg Fajt says the growth in the table game tax revenue is important to the Commonwealth.
“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,” Fajt says. “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.”
The revenue growth is spurred from the operation of an additional 58 table games over August’ average number along with a partial month of revenue by SugarHouse Casino which opened September 23rd.
Gross revenue for each of the casinos operating in September 2010 is as follows:
|Casino ||Tables ||Gross Revenue ||State Tax* ||Local Tax# |
|Parx Casino ||57 ||$6,529,448 ||$914,123 ||$130,589 |
|Harrah's Chester Casino and Racetrack ||99 ||$5,326,848 ||$745,759 ||$106,537 |
|Rivers Casino ||85 ||$4,942,013 ||$691,882 ||$98,840 |
|Sands Casino Resort Bethlehem ||89 ||$4,876,562 ||$682,719 ||$97,531 |
|Mount Airy Casino Resort ||72 ||$4,038,919 ||$565,449 ||$80,778 |
|Mohegan Sun at Pocono Downs ||84 ||$3,366,195 ||$471,267 ||$67,324 |
|Hollywood Casino at Penn National Racecourse ||54 ||$2,725,799 ||$381,612 ||$54,516 |
|The Meadows Racetrack and Casino ||66 ||$2,485,586 ||$347,982 ||$49,712 |
|Presque Isle Downs and Casino ||48 ||$1,708,391 ||$239,175 ||$34,168 |
|SugarHouse Casino (opened Sept. 23) ||40 ||$866,366 ||$121,291 ||$17,327 |
|Statewide Total ||694 ||$36,866,126 ||$5,161,258 ||$737,323 |
*14% of gross revenue
# 2% of gross revenue
A detailed breakdown of revenue by casino can be found on the PGCB website that includes a 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 nine of a maximum fourteen casinos in operation, legalized gaming in the Commonwealth has created over 8,000 new living wage jobs, revenue that has provided property tax reduction in each of the past three years for all homeowners, funds that have reinvigorated Pennsylvania’s horse racing industry, and new 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 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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