Gaming Control Board Releases February Table Games Revenue
HARRISBURG, PA: The play of table games during February at Pennsylvania casinos generated tax revenue of more than $9 million, the highest amount recorded since the inception of table games in July 2010, according to figures posted today on the Pennsylvania Gaming Control Board’s web site, www.gamingcontrolboard.pa.gov.
With an average of 977 tables in operation statewide on a daily basis during February, gross revenue from the play of all table games was $56,556,939. That amount was $12.9 million higher than in February 2011 when revenue totaled $43,626,464 with an average of 842 tables operating on a daily basis. That is a 29.6% 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 $9,186,282 of tax revenue.
Gross revenue for each of the casinos in February 2012 compared to February 2011 is as follows:
||Feb. 2012 Tables
||Feb. 2012 Gross Revenue
|Feb. 2011 Gross Revenue
|Sands Casino Resort Bethlehem
|Harrah's Chester Casino and Racetrack
|Mount Airy Casino Resort
|Hollywood Casino at Penn National Race Course
|Mohegan Sun at Pocono Downs
|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 over 30 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 over $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 watch Board meetings live through streaming video or view archived videos of Board meetings. The website also provides information on the operation of the PGCB, information on identifying a gambling problem and gaining assistance, future meeting schedules and past meeting transcripts, access to an interactive map of casino locations, an on-line form to request a speaker for their organization, along with much more information.