Pennsylvania Gambling Revenue Tops $3.2 Billion In 2016

January 21, 2017

The official numbers are in from the Pennsylvania Gaming Control Board and 2016 was a record year for gambling revenue. The state took in a total of $3,213,422,178.

That is a record-high for a single year in the state and pushes all-time Pennsylvania casino revenue past $25 billion.

Key takeaways from 2016

The revenue for the state was a record, but the growth from 2015 was not exactly staggering. For the second year in a row, revenue grew by around $40 million, or an increase of 1.2 percent.

Slots gaming revenue decreased by $5 million from around $2.365 billion to $2.36 million. The state’s slots revenue peaked at $2.47 billion in 2012.

What continues to grow at a steady pace is table games revenue. Last year, the state took in a record $853 million, compared to $808 million in 2015.

Winners of 2016

Sands Bethlehem

The top earner in the state was once again the Sands Casino in Bethlehem, Pennsylvania. After taking in $214 million in table games revenue in 2015, revenue for the property was up to $230 million last year.

Sands’ take dwarfs the other competitors in that category. The next-best performer was Parx Casino near Philadelphia with $160 million.

To Parx’s credit, the casino did experience a 12 percent growth in gross table games revenue from 2015 compared to 7.3 percent growth for Sands.

SugarHouse Casino

The casino which saw the biggest table games growth from 2015 to 2016 was SugarHouse Casino in Philadelphia. The property grossed $94.7 million in table games revenue in 2015.

That number jumped over 22 percent to $116 million last year.

SugarHouse is still in third place behind Sands and Parx. The gap is a little narrower now. Moreover, the margin between SugarHouse and fourth-place revenue generator Rivers Casino in Pittsburgh is wider.

SugarHouse is also well-positioned for potential online gaming expansion in Pennsylvania.

The casino launched a play money site in the state and partnered with Golden Nugget Casino and Konami Games to offer exclusive online casino games in neighboring New Jersey.

Losers of 2016

Lady Luck Casino

Lady Luck Casino Nemacolin near Morgantown saw the biggest decline in revenue. The property fell from $5.3 million in 2015 to $4.65 million last year. The casino is already generating the smallest revenue in the state. It saw declines in both table games and slots revenue.

Slots revenue

As mentioned before, slots revenue was down at nine of 12 properties in Pennsylvania. Only the big three, Sands, Parx and SugarHouse, saw increases in gross slots revenue over 2015.

The declines were not substantial and analysts generally described slot performance as flat year-over-year.

December to December contrasts were a little more severe. Statewide there was a 6.17 percent decline of December 2015 to December 2016. Only SugarHouse and Valley Forge Casino saw revenues increase for December last year.

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