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Pennsylvania Slot Machine Revenue Increases in 2018/2019 Fiscal Year

George Miller

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Pennsylvania Slot Machine Revenue Increases in 2018/2019 Fiscal Year
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The Pennsylvania Gaming Control Board today reported that slot machine revenue increased 1.1% during the recently completed 2018/2019 state fiscal year compared to the previous fiscal year.

The findings were part of a report posted on the Board’s web site that provides monthly revenue figures for all 12 Commonwealth casinos.

Slot machine revenue was up in 9 of the 12 months during the most recent fiscal year totaling $2,378,859,341 or $26.5 million higher than the $2,352,320,937 generated during the 2017/2018 fiscal year. Tax revenue produced by slot machine play during the 2018/2019 fiscal year totaled $1,237,085,077*.

The Board noted that these figures reflect only slot machine revenue and not total gaming revenue that includes table games.  The Board will provide those figures later this month when it publishes its June 2019 and fiscal year 2018/2019 revenue report for table games.

To date, since the opening of the first casino in November of 2006, revenue from slot machine play has totaled $27 billion resulting in tax generation of $14.5 billion.

Below is a comparison of the statewide slot machine revenue for each fiscal year since casinos opened in Pennsylvania:

State Fiscal Years

(July 1 – June 30)

Gross Revenue from

Slot Machines

Tax Revenue from

Slot Machines*

2006/2007

$454,579,636

$250,018,898

2007/2008

$1,404,753,259

$772,614,293

2008/2009

$1,754,002,790

$964,701,535

2009/2010

$2,164,839,765

$1,190,592,417

2010/2011

$2,346,641,869

$1,283,992,674

2011/2012

$2,476,775,317

$1,345,087,522

2012/2013

$2,428,887,430

$1,308,622,258

2013/2014

$2,319,890,598

$1,241,218,137

2014/2015

$2,335,787,919

$1,247,016,899

2015/2016

$2,388,658,549

$1,276,133,621

2016/2017

$2,336,152,508

$1,236,670,146

2017/2018

$2,352,320,937

$1,192,851,503

2018/2019

$2,378,859,341

$1,237,085,077

* Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue. Tax revenue figures for FY 2017/2018 were affected by legal changes regarding the Local Share Assessment and by Act 42 of 2017.

The Board is also providing year-over-year slot machine gross revenue comparisons for each casino for the 2018/2019 and 2017/2018 fiscal years:

Casino

Gross Revenue from

Slot Machines

FY 2018/2019

Gross Revenue from

Slot Machines

FY 2017/2018

% Change

Parx Casino

$416,890,976

$400,733,138

4.03%

Wind Creek Bethlehem (formerly Sands)

$295,726,499

$302,054,464

-2.09%

Rivers Casino

$291,107,335

$274,238,465

6.15%

The Meadows Casino

$211,955,727

$209,520,273

1.16%

Hollywood Casino at Penn National Race Course

$205,718,923

$207,355,560

-0.79%

Harrah’s Philadelphia Casino and Racetrack

$196,207,089

$199,718,368

-1.76%

Mohegan Sun Pocono

$194,507,527

$202,793,257

-4.09%

SugarHouse Casino

$182,607,146

$178,910,959

2.07%

Mount Airy Casino Resort

$145,483,303

$146,997,589

-1.03%

Presque Isle Downs and Casino

$114,881,765

$114,436,868

0.39%

Valley Forge Casino Resort

$96,278,435

$86,686,698

11.06%

Lady Luck Casino Nemacolin

$27,494,616

$28,875,296

-4.78%

Statewide Total

$2,378,859,341

$2,352,320,937

1.13%

Finally, the report on the Board’s web site also provides a statewide total and casino-by-casino monthly slot machine revenue for June 2019. During the month of June, the 12 casinos had a slight rise of .5% in gross revenue over June 2018.

Gross revenue for each of the casinos operating in June 2019 is as follows, with the percentage change from the previous June:

Casino

Gross Revenue from

Slot Machines

June 2019

Gross Revenue from

Slot Machines

June 2018

% Change

Parx Casino

$34,632,235

$34,848,793

-0.62%

Wind Creek Bethlehem (formerly Sands)

$24,967,880

$24,656,720

1.26%

Rivers Casino

$24,059,071

$22,977,523

4.71%

The Meadows Casino

$17,613,994

$17,309,316

1.76%

Hollywood Casino at Penn National Race Course

$17,005,540

$17,401,373

-2.27%

Mohegan Sun Pocono

$16,240,403

$16,164,708

0.47%

Harrah’s Philadelphia Casino and Racetrack

$15,829,226

$16,677,142

-5.08%

SugarHouse Casino

$14,981,076

$14,706,899

1.86%

Mount Airy Casino Resort

$12,569,585

$12,853,288

-2.21%

Presque Isle Downs and Casino

$9,881,800

$10,269,029

-3.77%

Valley Forge Casino Resort

$8,463,665

$7,559,802

11.96%

Lady Luck Casino Nemacolin

$2,511,426

$2,339,080

7.37%

Statewide Total

$198,755,901

$197,763,672

0.50%

The average number of operating slot machines during June of this year at the 12 casinos was 24,869 compared to 25,737 in June of last year.

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry. In addition to slot machine and table games gambling, this now includes sports wagering offered through land-based sportsbooks at eight locations and through three online outlets. 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

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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Gambling in the USA

Win Technologies USA Installs Wigos in Chickasaw Nation Casinos

Niji Narayan

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Win Technologies USA Installs Wigos in Chickasaw Nation Casinos
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Win Technologies USA has installed its Wigos casino management system in the Ada Gaming Center and Megastar Casino of Chickasaw Nation.

The Ada Gaming Center is a casino located in Ada which offers 355 electronic games and two table games. Ada Gaming also offers a Players Club, Traditions Bar, and an attached Chickasaw Travel Stop.

Megastar Casino is located north of the Oklahoma-Texas border in Willis and offers over 650 electronic games. The casino boasts a Players Club, Kitchen 377, a bar area and is also attached to a Chickasaw Travel Stop.

“These are Win Technologies USA’s first CMS installations with the Chickasaw Nation, and we are honored to be working with this great team of dedicated gaming professionals,” Alex Alemany, President of Win Technologies USA said.

“Win Technologies USA provides us with a scalable, cost-effective casino management system with great technological innovation that doesn’t erode profitability. We are excited for the opportunity to grow our business using the Wigos CMS and look forward to working with Win Technologies USA on future projects,” Scott Emerson Executive Officer of Business Operations in the Chickasaw Nation Department of Commerce said.

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Gambling in the USA

GAN plc: Internet Gambling Revenue of Pennsylvania Increases in August 2019

Niji Narayan

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GAN plc: Internet Gambling Revenue of Pennsylvania Increases in August 2019
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GAN plc has updated the market following the publication of Internet gaming and Internet sports betting financial information for August 2019 in Pennsylvania, by the Pennsylvania Gaming Control Board (PGCB).

Internet Gaming Win was $6.3 million in August compared to $2.9 million in the prior sequential month, reflecting an increase of 118.6%. Total Internet Sports Wagering Handle was approximately $83.2 million in August compared to $39 million in July. Internet Sports Wagering Gross Revenues for the month of August were $6.3 million compared to $2.9 million in July.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

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Gambling in the USA

Boyd Gaming Appoints A. Randall Thoman to its Director Board

Niji Narayan

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Boyd Gaming Appoints A. Randall Thoman to its Director Board
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Boyd Gaming Corporation has appointed A. Randall Thoman to its Board of Directors.

Thoman is the principal of business advisory firm Thoman International LLC and is having more than 30 years of experience in large and complex public companies.

Thoman is currently a director board member of Southwest Gas Corporation and is the chairman of the board’s audit committee. He previously served on the boards of SLS Las Vegas and SHFL Entertainment Inc.

“With decades of experience working with public companies, including extensive audit committee expertise, Randy is an excellent fit for our strong Board of Directors. We are pleased to welcome Randy to the Board and look forward to working with him as we continue to successfully execute our long-term growth strategy,” Bill Boyd, Executive Chairman of Boyd Gaming said.

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