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Gambling in the USA

Pennsylvania Gaming Control Board Reports April Sports Wagering Revenue

Published

6 years ago

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Pennsylvania Gaming Control Board Reports April Sports Wagering Revenue
Photo Source: apnews.com
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The Pennsylvania Gaming Control Board today posted on its web site April’s Sports Wagering Report.

The monthly report provides a breakdown of the total handle collected, gross revenue, and taxes paid to the Commonwealth. All eight locations were in operation for the full month of April:

Casino

Handle

Revenue

Tax

Rivers Casino

$8,159,827

$871,753

$313,831

SugarHouse Casino

$7,920,797

$781,163

$281,219

Parx Casino

$6,850,305

$907,298

$326,627

Hollywood Casino at Penn National Race Course

$3,923,499

$361,249

$130,050

Valley Forge Casino Resort

$3,050,424

$379,731

$136,703

Harrah’s Philadelphia

$2,718,595

$282,740

$101,786

South Philadelphia Race and Sportsbook

$2,603,808

$441,692

$159,009

Valley Forge Race and Sportsbook

$1,541,891

$195,856

$70,508

Statewide Total

$36,769,145

$4,221,482

$1,519,734

Tax revenue breakdown:

  • State Tax (34% of adjusted gross revenue): $1,435,304
  • Local Share Assessment (2% of adjusted gross revenue): $ 84,430

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, including sports wagering offered currently at eight locations. The oversight also includes other new gaming initiatives, expected to be launched in the coming months, which were created through Act 42 of 2017, an amendment to the Race Horse Development and Gaming Act.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ over 16,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

Source: Pennsylvania Gaming Control Board

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George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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