January Slot Machine Revenue Reported By Pennsylvania Gaming Control Board
Figures likely impacted by harsh weather.
Thursday, February 06, 2014
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HARRISBURG, PA: The Pennsylvania Gaming Control Boardposted on its web site today the monthly report fortotal gross revenue and tax revenue generated from the play of slot machines at casinos during January.
According to the report, gross revenue from slot machines at the 12 casinosfell 8.7% in January of this year to $171,786,456 compared to the $188,244,599 in gross revenue generated in January 2013.
“It is likely that the amount of revenue generated was negatively impacted by the significant amounts of snow and extreme cold weather that affected all parts of Pennsylvania in January and has continued into February,” says Gaming Control Board Executive Director Kevin O’Toole.
Tax revenue in January of this year was $91,744,988.
In a comparison of just the 11 casinos operating in January 2014 that were also open for the full month of January2013, revenue fell by 9.6%.
Gross revenue for each of the casinos operating in January 2014 is as follows, with the percentage change reflected for those casinos that were operating in January of both years.
|Sands Casino Resort Bethlehem
|Mohegan Sun at Pocono Downs
|Harrah's Philadelphia Casino and Racetrack
|Hollywood Casino at Penn National Race Course
|The Meadows Racetrack and Casino
|Mount Airy Casino Resort
|Presque Isle Downs and Casino
|Valley Forge Casino Resort
|Lady Luck Casino Nemacolin (opened 7/1/13)
The average number of slot machines operating throughout Pennsylvania, at the 12 casinos, was 26,606 in January 2014 compared to 26,552 at the 11 casinos in January 2013.
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 12 casinos in operation all offer both slot machine and table game 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.
A wealth of information about the Gaming Control Board’s regulatory efforts and Pennsylvania’s gaming industry can be found at www.gamingcontrolboard.pa.gov. At this website, visitors can watch Board meetings live or view videos of past meetings, look up future meeting schedules and past meeting transcripts, obtain information on identifying a gambling problem and gaining assistance, access an interactive map of casino locations, request a speaker for their group, along with much more information. You can also follow the agency on Twitter by choosing @PAGamingControl.