HARRISBURG, Pa., Jan. 15, 2015 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board reported today that gross revenue from the play of table games at Pennsylvania casinos in December 2014 increased 15.3% over revenue in December 2013.
The report was posted on the Board's web site, www.gamingcontrolboard.pa.gov, under the Revenue section of the site. The gross table games revenue breakdown for each of the casinos in December 2014 compared with December 2013 revenue is as follows:
Casino December 2014 Tables December 2014 Gross Revenue December 2013 Tables December 2013 Gross Revenue
------ -------------------- --------------------------- -------------------- ---------------------------
Sands Casino Resort Bethlehem 206 $20,926,257 183 $14,194,356
----------------------------- --- ----------- --- -----------
Parx Casino 154 $11,597,102 165 $10,180,171
----------- --- ----------- --- -----------
SugarHouse Casino 84 $8,181,145 58 $7,281,959
----------------- --- ---------- --- ----------
Rivers Casino 113 $5,690,285 113 $5,593,869
------------- --- ---------- --- ----------
Harrah's Philadelphia Casino and Racetrack 120 $4,979,712 126 $7,089,634
------------------------------------------ --- ---------- --- ----------
Mount Airy Casino Resort 80 $3,478,429 74 $3,062,778
------------------------ --- ---------- --- ----------
Mohegan Sun at Pocono Downs 91 $3,390,943 84 $3,397,647
--------------------------- --- ---------- --- ----------
Hollywood Casino at Penn National Race Course 70 $3,324,890 69 $2,830,904
--------------------------------------------- --- ---------- --- ----------
Valley Forge Casino Resort 50 $2,584,582 50 $2,194,593
-------------------------- --- ---------- --- ----------
The Meadows Racetrack and Casino 81 $2,492,947 75 $1,746,776
-------------------------------- --- ---------- --- ----------
Presque Isle Downs and Casino 47 $915,987 46 $1,053,511
----------------------------- --- -------- --- ----------
Lady Luck Casino Nemacolin 29 $437,372 28 $348,432
-------------------------- --- -------- --- --------
Statewide Total 1,125 $67,999,652 1,071 $58,974,629
--------------- ----- ----------- ----- -----------
The December increase boosted 2014 gross table games revenue to an amount 2.7% above that for 2013 ($749.5 million compared to $729.8 million). Casino-by-casino comparisons for the calendar year are in the following chart:
Casino Gross Table Games Revenue 2014 Gross Table Games Revenue 2013
------ ------------------------------ ------------------------------
Sands Casino Resort Bethlehem $188,974,141 $176,577,739
----------------------------- ------------ ------------
Parx Casino $129,884,887 $119,244,192
----------- ------------ ------------
SugarHouse Casino $90,755,766 $84,797,895
----------------- ----------- -----------
Rivers Casino $69,360,716 $67,702,280
------------- ----------- -----------
Harrah's Philadelphia Casino and Racetrack $68,989,732 $77,285,609
------------------------------------------ ----------- -----------
Mohegan Sun at Pocono Downs $45,644,444 $43,764,894
--------------------------- ----------- -----------
Mount Airy Casino Resort $43,028,021 $40,523,390
------------------------ ----------- -----------
Hollywood Casino at Penn National Race Course $33,396,373 $36,427,141
--------------------------------------------- ----------- -----------
Valley Forge Casino Resort $33,209,169 $33,046,232
-------------------------- ----------- -----------
The Meadows Racetrack and Casino $28,154,170 $34,552,104
-------------------------------- ----------- -----------
Presque Isle Downs and Casino $13,069,815 $13,513,477
----------------------------- ----------- -----------
Lady Luck Casino Nemacolin $5,075,983 $2,395,413*
-------------------------- ---------- ----------
Statewide Total $749,543,217 $729,830,365
--------------- ------------ ------------
* Partial year figure; Lady Luck opened in July 2013
Coupled with the earlier announced increase of nearly 6% in slot machine revenue during December 2014, Pennsylvania's casinos showed a combined gaming revenue increase of 8.2% over December 2013.
Looking at calendar year 2014, combined gaming revenue dropped 1.44% from 2013, but still marked the 4(th) straight year in which the revenue figure topped $3 billion ($3.07 billion from $3.11 billion).
The following chart tracks slot machine and table games gross revenue since the first slots-only casino opened in November 2006. Table games were added to Pennsylvania casinos in July 2010.
Calendar Year Gross Slot Machine Revenue Gross Table Games Revenue Total Gaming Revenue
------------- -------------------------- ------------------------- --------------------
2006 $31,567,926 n/a $31,567,926
---- ----------- --- -----------
2007 $1,039,030,723 n/a $1,039,030,723
---- -------------- --- --------------
2008 $1,615,565,758 n/a $1,615,565,758
---- -------------- --- --------------
2009 $1,964,570,480 n/a $1,964,570,480
---- -------------- --- --------------
2010 $2,273,934,190 $212,473,871 $2,486,408,061
---- -------------- ------------ --------------
2011 $2,405,867,897 $618,905,062 $3,024,772,959
---- -------------- ------------ --------------
2012 $2,470,935,317 $687,382,546 $3,158,317,863
---- -------------- ------------ --------------
2013 $2,384,098,225 $729,830,365 $3,113,928,590
---- -------------- ------------ --------------
2014 $2,319,534,380 $749,543,217 $3,069,077,597
---- -------------- ------------ --------------
Tax revenue in 2014 from the combined play of slot machines and table games was $1,347,672,231. Slot machines are taxed at an approximate 54% rate while table games are taxed at 14%.
Total gaming revenue generated since the first casino opened in Pennsylvania totals over $19.5 billion through the end of 2014, while revenue returned to Pennsylvania citizens in the form of taxes and license fees is approximately $10.5 billion.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 and is tasked to oversee all aspects of the state's casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two resort casinos. These facilities collectively employ over 17,700 people and generate an average of $3.7 million per day in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners with additional tax revenue going to the horse racing industry, economic development projects, fire companies, county fairs, water and sewer projects, the Commonwealth's General Fund, and to local governments that host casinos.
Additional information about both the PGCB's regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.
CONTACT:
Doug Harbach or Richard McGarvey
(717) 346-8321
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/table-games-revenue-for-december-up-more-than-15-300021285.html
SOURCE Pennsylvania Gaming Control Board
