Pennsylvania’s 12 casinos have set a new all-time high for gambling winnings in a single month.
According to figures from the Pennsylvania Gaming Control Board made public Monday, the casinos won $309.1 mm from slots and table games, an increase of 2.86% year-over-year. March 2018 had the previous record of $300.5 mm, the only other time the casino win broke the $300-mm mark. The state’s casino industry will turn 13 years old later this year.
“March’s numbers were driven by the highest single month for table games revenue of $82.5 mm coupled with the third-highest monthly slot machine revenue of $226.5 mm,” the PGCB said in a presser. “The previous high month for table games revenue occurred in April 2017 when $79.5 mm was generated.”
Combined, Pennsylvania casinos have more than 25,000 slot machines and more than 1,200 tables.
Retail sports betting revenue was not factored into March’s gaming win total. With March Madness in full swing, the casinos should top the $1.95 mm in sports betting win they saw during February. There are six retail sportsbooks at Pennsylvania casinos, two more at OTB parlors, and no mobile yet.
Slot and table game win in February was up just 0.4% year-over-year.
Individual casino performances
The record-breaking month, of course, wasn’t felt evenly. The top three casinos all saw strong year-over-year growth, while it was a mixed bag for the rest.
Below is a look at March 2019 vs. March 2018 total gaming win, with the year-over-year percent change, courtesy of the PGCB.
|Sands Casino Resort Bethlehem||$50,935,397||$46,770,619||8.90%|
|The Meadows Casino||$22,897,366||$23,442,457||-2.33%|
|Mohegan Sun Pocono||$21,514,508||$22,749,633||-5.43%|
|Mount Airy Casino Resort||$16,347,609||$15,497,865||5.48%|
|Valley Forge Casino Resort||$13,154,276||$11,575,606||13.64%|
|Presque Isle Downs and Casino||$12,345,643||$11,892,259||3.81%|
|Lady Luck Casino Nemacolin||$2,754,516||$3,236,628||-14.90%|
The biggest winner on the table games front was Sands Casino, which generated $23.2 mm in revenue in March. Sands, which is in process of changing ownership to Wind Creek Hospitality, experienced 22.77% year-on-year growth for table games, fueled by the popularity of its Baccarat and other Asian games. It blew second place Parx Casino out of the water, despite the latter experiencing 2.03% annual growth to $17.5 mm.
No other Pennsylvania casino generated more than $9.2 mm in table games revenue. In total, table games, including poker, accounted for $82.5 mm of the industry’s $309.1 mm take, or roughly 26.7%. Pennsylvania table games are taxed at just 16%, which slots are subject to an onerous 54%.