Always prompt with the release of monthly revenue data, yesterday the Pennsylvania Gaming Control Board (PGCB) published figures for the month of May. The play of slot machines in Pennsylvania returned $12,391,146 more in tax revenue during May of this year compared to the same month in 2009, an increase of 12.63%. The nine slot machine facilities operating during May of this year collectively generated $200,944,627 in gross revenue, compared to $178,415,270 in May of 2009.
The PGCB also compared gross revenue of just the seven casinos operating in both May of 2009 and May of 2010. The result was a revenue decrease of 6.11%, $157,482,601 in 2010 compared to $167,725,422 in 2009. Even with that loss, this revenue measurement has seen increases in 20 of the past 23 months dating back to July of 2008. The average number of slot machines operating daily at the nine casinos was 24,266 in May 2010 compared to 19,984 in May 2009.
Only parx casino (Philadelphia Park Racetrack) and Hollywood Casino at Penn National Racecourse generated more revenue this May than May 2009. The other five casinos saw a reduction in revenue. Worst hit were The Meadows Racetrack and Casino (down 24.4%) and Mount Airy Casino Resort (down 17.9%). Presque Isle Downs and Casino revenue was lower by just 1%; Mohegan Sun at Pocono Downs was down 5.1%; and Harrah’s Chester Casino and Racetrack revenue fell 12.1%.
In addition to the revenue from slots play, Pennsylvania also received $165 million from 10 casinos by the close of business on June 1st as payment for their approved table games certification. All nine operating casinos, along with the SugarHouse Casino in Philadelphia which is scheduled to begin operations in September of this year, submitted a payment of $16.5 million each to fulfill one of the requirements to operate table games. Earlier this year, each casino filed an application to receive a table games certificate and, following an open process that included public input hearings within each local government where a casino is located, was approved by the Board. (E-06.03.10)
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