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December 12, 2020, GMT+0000, 0:19 am
Business Casino News

Slots Revenue Increase in Keystone State

Revenue accrued from slot machines in the twelve casinos of Pennsylvania’s 12 rose by eight percent last month, compared to a rise of 1.4 percent in the year as a whole.  

The figures released by the Pennsylvania Gaming Control Board show that total slot machine revenue in the state during 2018 was $2,369,885,203, making it the eighth calendar year in a row in which slots which revenue has exceeded $2.3bn. That impressive return was achieved despite the fact that the average number of slots machines operating on a daily basis in Pennsylvania casinos was down to 25,442 in December 2018, from a figure of 25,849 in December 2017.  

The report also showed that tax revenue earned through slots machine gaming in 2018 reached $1,235,872,531. Much of that revenue went into schemes to benefit Pennsylvania residents and businesses, including a property tax reduction for homeowners, support for the state’s horse racing industry and funding a range of economic development projects.  

The figures don’t yet give an indication to the impact of sports betting on the state’s revenue. Currently, only three of the casinos in Pennsylvania provide a sportsbook option: Hollywood Casino at Penn National Race Course, SugarHouse Casino in Philadelphia and Rivers Casino in Pittsburgh, all of which opened in November, making it too early to discern any effects on overall revenue. But the figures do show that all three casinos increased their take, with the Rivers Casino faring best thanks to an 11.97 percent revenue increase to a total of $25,830,298.54 in 2018.  

Image sourced from Pixabay.

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