{"id":4250,"date":"2018-04-09T16:48:08","date_gmt":"2018-04-09T16:48:08","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=4250"},"modified":"2018-04-10T14:09:09","modified_gmt":"2018-04-10T14:09:09","slug":"for-once-slot-revenue-was-on-the-rise-in-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/for-once-slot-revenue-was-on-the-rise-in-pennsylvania\/","title":{"rendered":"For Once, Slot Revenue Was On The Rise In Pennsylvania"},"content":{"rendered":"

The Pennsylvania slot machine revenue<\/strong> reached its largest<\/strong> month-over-month gains since February 2016 with 5.4 percent<\/strong> in revenue in March 2018.<\/p>\n

This figure compares to March 2017 for the 12 Pennsylvania casinos is part of a monthly report<\/a> released by the Pennsylvania Gaming Control Board<\/strong> (PGCB).<\/p>\n

The combined gross revenue generated in March 2018<\/strong> was $221,350,220<\/strong>. The prior March, that number was almost $209,984,147<\/strong>.<\/p>\n

While annually PGCB brings in $1.4 billion<\/strong> in tax revenue from slot machine and table gameplay, March brought in $115.5 million<\/strong>. On average, 25, 815 slot machines<\/strong> operated throughout Pennsylvania in March 2018. Comparatively, 26, 222 slot machines<\/strong> operated in 2017 for the month of March. That\u2019s a change of 407 machines.<\/p>\n

In March 2017<\/strong>, PA was down 0.60 percent<\/strong> with almost $210 million in revenues from slot machine gaming.<\/p>\n

10 casinos report gains in slot machine revenue<\/span><\/h2>\n

March tells a different tale than February<\/strong>, where slot machine revenue was down 1.7 percent. Parx Casino<\/strong> led the way with $32.7 million<\/strong> in February 2018, with Harrah\u2019s Philadelphia, Valley Forge Casino Resort<\/strong>, and Presque Isle Downs and Casino<\/strong> also looking back on February favorable. But they were the only ones.<\/p>\n

This month is different. Valley Forge Casino Resort experienced<\/b>\u00a011.53 percent gain<\/strong> in slot machine revenue in March 2018, moving from about $7.2 million<\/strong> in revenue to about $8.2 million<\/strong>. The casino was also the big winner of table games revenue in January. Valley Forge was up almost 46 percent<\/strong>.<\/p>\n

There were also more casinos that can call March 2018 a good month. Presque Isle Downs and Casino reported an 11.53 percent change<\/strong> in revenue from almost $9.5 million<\/strong> to $10.6 million<\/strong>.<\/p>\n

These casinos also found some March madness:<\/p>\n

    \n
  • Rivers Casino<\/strong> (~$26.6 million in revenue in March 2018, increase of 9.45 percent)<\/li>\n
  • Parx Casino (~$37.5 million, up 9.01 percent)<\/li>\n
  • Mohegan Sun Pocono<\/strong> (~$19.1 million, reported change of 6.42 percent)<\/li>\n<\/ul>\n

    Beyond these three, five casinos experienced gains under five percent<\/strong> in March 2018.<\/p>\n

      \n
    • SugarHouse Casino <\/strong>(~$17.9 million in revenue in March 2018; up 4.82 percent)<\/li>\n
    • Sands Casino Resort Bethlehem<\/strong> (~$27.8 million, change of 3.10 percent)<\/li>\n
    • The Meadows Racetrack and Casino<\/strong> (~$19.8 million, uptick of 2.95 percent)<\/li>\n
    • Harrah\u2019s Philadelphia Casino and Racetrack (~$19.0 million, increase of 2.33 percent)<\/li>\n
    • Hollywood Casino at Penn National Race Course<\/strong> (~$20.0 million, up 1.24 percent)<\/li>\n<\/ul>\n

      Two casinos dipped in March 2018<\/span><\/h2>\n

      Two casinos reported little change in March 2018: Mount Airy Casino Resort <\/strong>(-1.40 percent) and Lady Luck Casino Nemacolin <\/strong>(-0.08 percent).<\/p>\n

       <\/p>\n

      Racetrack gains incoming?<\/span><\/h2>\n

      Another recent report from the PGCB found an uptick in wagers on Pennsylvania races by patrons outside the Commonwealth. he six racetracks<\/strong>\u00a0posted three percent in gains, with over $700 million<\/strong> waged in 2017.<\/p>\n

      Slot machines generated $239 million<\/strong> in tax money for the horse racing industry last year, with 10 percent<\/strong> of all revenue from PA casino slot machines earmarked for the Pennsylvania Race Horse Development Trust Fund<\/strong>. That was a 2.5 percent decrease<\/strong> compared to 2016.<\/p>\n

      More growth could come with pari-mutuel wagering<\/strong> on the horse races and increased marketing.<\/p>\n

      The post For Once, Slot Revenue Was On The Rise In Pennsylvania appeared first on Play Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"

      The Pennsylvania slot machine revenue reached its largest month-over-month gains since February 2016 with 5.4 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-4250","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"\nFor Once, Slot Revenue Was On The Rise In Pennsylvania -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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