Monthly Slot Machine Revenue In March Is Second Highest To Date
HARRISBURG, PA: Trailing only the amount of revenue generated last March, slot machine revenue in March of this year at Pennsylvania’s casinos tallied the second highest monthly amount since the opening of casinos in 2006.
The overall combined revenue figure for the 11 Commonwealth casinos was part of the monthly report posted today on the Pennsylvania Gaming Control Board’s web site. The total gross revenue of $229,335,372 was 1.6% lower than March of 2012 when casinos produced the highest amount of slot machine revenue, $233,147,479.
The total this March, however, exceeded the previous second highest monthly total of July 2011 when gross revenue was $218,300,465.
The Board also reported that tax revenue generated in March of this year just from slot machine play was $123,428,074.
In a comparison of just the ten casinos operating in March 2013 that were also open for the full month of March 2012, revenue was 3.9% lower this year. Valley Forge operated for only one full day plus two test nights in March of last year.
Gross revenue for each of the casinos operating in March 2013 is as follows, with the percentage change reflected for those casinos.
|Sands Casino Resort Bethlehem
|Harrah's Philadelphia Casino and Racetrack
|Hollywood Casino at Penn National Race Course
|The Meadows Racetrack and Casino
|Mohegan Sun at Pocono Downs
|Mount Airy Casino Resort
|Presque Isle Downs and Casino
|Valley Forge Casino Resort
The average number of operating slot machines throughout Pennsylvania at the 11 casinos was 26,215 in March 2013, slightly less than the average of 26,344 slot machines operating daily during March 2012.
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 30 years, the Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. The 11 casinos in operation all offer both slot machine and table game gambling, employ over 16,000 people, and collectively generate an average of $4 million per day in tax revenue. A portion of that money is used for property tax reduction to all Pennsylvania homeowners; provide funds to the Commonwealth’s horse racing industry, fire companies, a statewide water and sewer project grant program, and the state’s General Fund; and, established a new stream of tax revenue to local governments that host casinos for community projects.
A wealth of information about the Gaming Control Board’s regulatory efforts and Pennsylvania’s gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board meetings live or view videos of past meetings, look up future meeting schedules and past meeting transcripts, obtain information on identifying a gambling problem and gaining assistance, access an interactive map of casino locations, request a speaker for their group, along with much more information. You can also follow the agency on Twitter by choosing @PAGamingControl.
# # #