Pennsylvania Gaming Control Board: Table, Slots Revenues Were Big Winners In February

Avatar April 25, 2016
casino revenue Pennsylvania February

The Pennsylvania Gaming Control Board released its total table and slot revenue for February 2016. The numbers, the Board said, are looking good.

Table games revenue

According to the Board, total gross revenue at land-based casinos in Pennsylvania in February was up 6.7 percent compared to February 2015.

Valley Forge Casino led the way with a jump of 31.25 percent. The casino, which had the eighth-highest revenue in the state, brought in $3.2 million.

Four other casinos experience double-digit growth compared to the previous year:

The state’s top revenue earners (Sands, Parx, and SugarHouse) all experience double digit growth, while the next three revenue earners saw a decrease over February 2015:

The nearly 18 percent fall experienced by Harrah’s was the worst of the group.

Of the 12 casinos listed in the Board’s report, eight saw revenue increases for table games.

In all, the report stated, Pennsylvania casinos’ gross table-game revenue was $68,187, 957.

Slots revenue

Pennsylvania’s slots pulled in $268,354,231 this February, representing an 8.59 percent increase over last year.

While Sands took the top spot in table-games revenue, Parx led the way in slots revenue. The Philadelphia property pulled in more than $46 million.

According to the Board’s statistics, all but two of the state’s 12 casinos posted positive growth.

The casinos which saw the biggest increase were:

  • Presque Isle Downs and Casino: +17.99%
  • Mount Airy Casino Resort: +16.90%
  • Sands Casino Resort Bethlehem: +14.09%
  • The Meadows Casino: +13.08%
  • Parx Casino: +12.08%

Harrah’s (-2.98 percent) and Rivers (-0.62 percent) were the only two casinos to see a drop in revenue from slots.

Big month for Sands, Parx

Philadelphia’s biggest revenue earners enjoyed a profitable February: Sands and Parx raked in more than $59 million.

The Sands, however, brought in the most money from table games and slots. Parx posted the highest overall increase in revenue compared to February 2015.

Harrah’s, Rivers on the Decline

While good news came to Sands and Parx, bad news emerged for Harrah’s and Rivers.

The two casinos rank in the top-five in overall revenue from tables and slots. However, both casinos suffered table game and slots losses compared to their February 2015 earnings.

Harrah’s saw a combined drop of more than 20 percent, while Rivers experienced a more than 12 percent drop.

Overall, Pennsylvania’s gaming sector experienced an 8.6 percent revenue increase from table games and slots.

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