PA Slot Revenues Continue Seven-Month Slide

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Gross slot machines revenues at Pennsylvania casinos dropped for the seventh straight month in April 2017, according to numbers released by the Pennsylvania Gaming Control Board last week.

In fact, a report released by the board showed the combined gross revenue from slot machines at the state’s 12 different casino properties hit $205,702,752 in April, 1.58 percent lower than the $208,999,688 reached in April 2016.

This marked the seventh straight month of year-over-year declines in combined gross revenue from slot machines in the state. A five month slide of overall gross gaming revenue was halted in March when gross table game revenues broke records. Gross table game revenues and overall gross gaming revenue numbers for April 2017 have yet to be released by the board.

Inside the Numbers

There were actually a few less slot machines in operation on average last month compared to April 2016. The average number of slot machines operating throughout Pennsylvania was 26,155 last month compared to 26,590 in the same month last year.

Four out of 12 Pennsylvania casinos actually saw a slight uptick in slot revenues for the month. These properties included Sands Casino Resort Bethlehem (0.80%), The Meadows Casino (0.57%), Mount Airy Casino Resort (2.56%), and Valley Forge Casino Resort (8.13%).

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Presque Isle Downs and Casino saw the biggest decline in gross slot machine revenues for April 2017, down 6.05 percent to $9,535,652.24.

Parx Casino continued to outpace the rest of the Pennsylvania casino industry with $33,604,058.08 in gross slot machine revenue. However, Parx’ numbers were down 1.35 percent over the same month last year.

State Revenues Dwindling

Pennsylvania charges a 54 percent tax on slot machine revenues, the biggest tax rate on casino operations in the country. Fifty-four percent of the $205,702,752 in combined gross revenue from slot machines at the state’s 12 casinos is equal to $111,079,486.08.

With tax revenues from slot machines in the state continuing to decline, Pennsylvania lawmakers have been considering a number of gambling expansion initiatives. This includes legal and regulated PA online gambling sites. A comprehensive gambling expansion bill is currently hung up in the State Senate.

 

Below is a breakdown of gross revenue from slot machines at the state’s 12 casinos in April 2017 compared to April 2016:

Casino April 2017 April 2016 % Change
Parx Casino $33,604,058.08 $34,064,652.00 -1.35%
Sands Casino Resort Bethlehem $26,385,356.77 $26,175,937.22 0.80%
Rivers Casino $23,004,351.49 $23,921,911.52 -3.84%
The Meadows Casino $19,366,050.98 $19,255,760.48 0.57%
Hollywood Casino at Penn National Race Course $18,956,449.83 $18,965,320.85 -0.05%
Harrah’s Philadelphia Casino and Racetrack $18,183,322.50 $18,805,865.08 -3.31%
Mohegan Sun Pocono $18,177,124.86 $19,236,060.64 -5.50%
SugarHouse Casino $15,800,770.46 $16,547,572.57 -4.51%
Mount Airy Casino Resort $12,697,643.00 $12,380,645.21 2.56%
Presque Isle Downs and Casino $9,535,652.24 $10,149,710.57 -6.05%
Valley Forge Casino Resort $7,400,081.97 $6,843,829.10 8.13%
Lady Luck Casino Nemacolin $2,591,889.93 $2,652,423.24 -2.28%
Statewide Total $205,702,752.11 $208,999,688.48 -1.58%
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Marty Derbyshire has been covering online gambling for various industry media outlets since 2007.

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