On the heels of a disappointing April, table games at Pennsylvania casinos bounced back in May, banking $74,908,874, a 0.6% increase over the same time period last year. With slot revenue included, the state raked in a total of $278,902,133 for the month, a slight 0.43% year-over-year bump.
So far in 2018, table games earnings have reached $373,532,360, a little over $1 million more than the vertical took in during the first five months of 2017.
Winners and losers
Sands Bethlehem continued its run as the top dog of table games, beating out its 11 competitors with a $19,616,223 score. When compared with last year, however, some of the sheen is taken off the number – the May figure represents a 9.67% decrease over that same month in 2017.
Parx Casino saw its fortunes rise 12.75% year-over-year with a total table game take of $16,047,651. Parx is busy preparing for its online casino presence through a partnership with GAN, a leading iGaming software provider.
Parx is also the king of live poker in the region. In January, the casino unveiled a revamped poker room that includes 48 tables and a bevy of modern amenities for poker players to enjoy. And in March, the card room enjoyed a huge bump in traffic due to the running of the popular Big Stax tournament series.
SugarHouse took the third spot in the state for May with $10,094,366 in table game revenue, an 11.82% Y/Y contraction. The Rush Street Gaming-owned property has booked a total casino win of $129,753,044 this year.
If there’s a singular venue with the most cause to celebrate its table game fortunes in May, it’s The Meadows. The horse racing track saw a stunning 124.25% increase in profits at the tables, taking in $3,236,107.
Valley Forge, one of the state’s two Category 3 resort casinos, also saw a huge spike in table game winnings. The venue took in $3,797,974, a whopping 68% bump from May 2017.
Not everyone took steps forward in May, however. Mount Airy saw the biggest Y/Y loss (-30.49%) on the month, banking $2,938,656. PA’s other resort-classified casino, Nemacolin, came in last place in the field, profiting just $405,220 from felt games.
Gambling options galore
With sports betting and online casinos coming soon, along with the recent launch of the PA online lottery, it’s an exciting time for Keystone State gamblers. The various new gaming avenues also mean more revenue for both state casinos and the tax man.
In May, the Supreme Court struck down a law that prevented PA from offering sports wagering to patrons. Fortunately, the state already had a law in place that would allow for the vertical should the court’s decision be favorable.
Now that the roadblocks have been cleared, we expect to see many of the state’s casinos offering sports betting before the beginning of the NFL season. While most venues are staying quiet about their plans, Churchill Downs recently announced it would be offering sports betting through Presque Isle Downs in a partnership with software provider SBTech.
Unfortunately, lawmakers have chosen to tax the vertical at a ludicrous 41% effective rate, a burden that could do more harm than good to the industry in the state.
Pennsylvanians will also soon be able to play their favorite casino games from the comfort of their own homes. The Pennsylvania Gaming Control Board officially started accepting iGaming applications from qualified casinos (those that offer slots) in April. We project that the online gambling industry will go live sometime late this year, or early next
Beating both sports betting and online gambling to launch was the PA state iLotto, which went live late last month. Currently, the options are a bit underwhelming, with players only able to access 11 instant win games. But the PA lotto is only getting started, and will be continuously adding popular titles, which could include both keno and draw games like Mega Millions and Powerball.
Total May 2018 revenue
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