Pennsylvania Table Games Revenue Rises 13.6% in May
HARRISBURG, Pa.,?June 17, 2013?/PRNewswire-USNewswire/ –?Revenue generated at casinos from the play of table games jumped sharply during May of this year, according to figures posted today on the Pennsylvania Gaming Control Board web site.
With an average of 1,042 tables in daily operation statewide during May, gross revenue from the play of table games was$62,758,499. That amount was 13.6% higher than in?May 2012?when revenue totaled?$55,224,988?with an average of 1,031 tables operating on a daily basis.
Coupled with figures on slot machine revenue released earlier this month, overall gross revenue from both slots and tables during May was up?$6.3 million, or 2.4%, over last May.? Total gaming revenue this May was?$274,003,634?compared to$267,682,157.
Tax revenue generated by table games exceeded?$9 million?during May.? Of that amount,?$7,751,630?was deposited into the Commonwealth’s General fund while?$1,255,170?was deposited into the Local Share Fund.
Gross revenue for each of the casinos in?May 2013?compared to?May 2012?is as follows:
|Casino||May 2013 Tables||May 2013 Gross Revenue||May
|May 2012 Gross Revenue|
|Sands Casino Resort Bethlehem||183||$13,812,614||152||$10,853,753|
|Harrah’s Philadelphia Casino and Racetrack||121||$6,876,374||125||$6,082,770|
|The Meadows Racetrack and Casino||80||$4,134,336||80||$2,712,054|
|Mohegan Sun at Pocono Downs||84||$3,755,089||84||$3,489,183|
|Mount Airy Casino Resort||72||$3,519,793||71||$2,817,837|
|Hollywood Casino at Penn National Race Course||69||$3,296,713||69||$3,083,085|
|Valley Forge Casino Resort||50||$3,268,253||50||$2,230,246|
|Presque Isle Downs and Casino||46||$1,325,482||53||$1,624,976|
A detailed breakdown of revenue by casino can be found on the PGCB website,?www.gamingcontrolboard.pa.gov. ??The report includes information on each casino by non-banked, banked and electronic tables including gross revenue, taxes generated and the number of table games in operation.
In addition to this report, the Board also posts monthly and weekly slot machine revenue reports on its web site.
[box type=”tick”]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 games 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.[/box]