Gaming Control Board Releases August Table Game Revenue

HARRISBURG, Pa., Sept. 19, 2011 /PRNewswire-USNewswire/ -- The play of table games during August remained strong at Pennsylvania casinos resulting in a generation of tax revenue of over $8.8 million, according to figures posted today on the Gaming Control Board's web site, www.gamingcontrolboard.pa.gov.

Gross revenue from the average 918 tables in operation on a daily basis during August was $54,756,909.  Pennsylvania taxes gross table games revenue at 16% which resulted in a return of $8,835,866 of tax revenue returned to the Commonwealth.

For the first time, the Board was able to make a year over year comparison of table game revenue.  August 2010 was the first full month of table game operation at nine of the casinos, with a tenth casino, SugarHouse, beginning table games operation in September 2010.

In that comparison, revenue this August was more than $20 million higher than August 2010 when revenue totaled $34,555,172.  However, 282 more tables were in operation at casinos this August helping to produce that difference.

When just comparing the nine casinos open in August of last year, that increase was approximately $14 million with 235 more tables in operation this year at those nine casinos over the same in operation last year.

Gross revenue for each of the casinos in August 2011 compared to August 2010 is as follows:

About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act. Pennsylvania's first new state agency in nearly 40 years, the Gaming Control Board is tasked to oversee all aspects of the state's casino industry. Currently, the ten casinos in operation in the Commonwealth employ over 15,000 people and legalized gaming has generated $5.5 billion in tax and license fee revenue since the first casino opened in November 2006. A portion of that money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to the Commonwealth's horse racing industry, funding grants for fire companies and water/sewer projects, and establishing a new stream of tax revenue to local governments for community projects. A wealth of information about the Gaming Control Board and Pennsylvania's gaming industry can be found at www.pgcb.state.pa.us. At this web site, visitors can view videos of Board meetings and on the operation of the PGCB, obtain information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.

CONTACT: Doug Harbach or Richard McGarvey

(717) 346-8321

SOURCE Pennsylvania Gaming Control Board