PA Gaming Control Board Reports $16 Million Increase in Slot Machine Revenue during 2017/2018 Fiscal Year

HARRISBURG, Pa., July 3, 2018 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today reported that slot machine revenue increased 0.7% during the recently completed 2017/2018 state fiscal year compared to the previous fiscal year.

The findings were part of a report posted on the Board's web site that provides monthly revenue figures for all 12 Commonwealth's casinos.

Slot machine revenue was up in 7 of the 12 months during the fiscal year, with a 2017/2018 total of $2,352,320,936, approximately $16 million higher than the $2,336,152,508 generated during the 2016/2017 fiscal year. Tax revenue produced through slot machine play during the 2017/2018 Fiscal Year totaled $1,192,851,503*.

The Board notes that these figures reflect just slot machine revenue and not total gaming revenue that includes table games.  The Board will provide those figures later this month when it publishes its June 2018 and Fiscal Year 2017/2018 revenue report for table games.

To date, since the opening of the first casino in November of 2006, revenue from slot machine play has totaled $24.8 billion resulting in a tax generation of $13.3 billion. 

Below is a comparison of the statewide slot machine revenue for each Fiscal Year since casinos opened in Pennsylvania:

* Tax revenue figures reflect amounts generated prior to any adjustments by the PA Department of Revenue. Tax revenue figures for FY 2017/2018 were affected by legal changes regarding the Local Share Assessment and by Act 42 of 2017.

The Board is also providing year-over-year slot machine gross revenue comparisons for each casino for the 2017/2018 and 2016/2017 fiscal years:

Finally, the report on the Board web site also provides a statewide total and casino-by-casino monthly slot machine revenue for June 2018. During the month of June, the 12 casinos generated nearly 5% more in gross revenue over June 2017. 

Gross revenue for each of the casinos operating in June 2018 is as follows, with the percentage change from the previous June:

The average number of operating slot machines this June at the 12 casinos was 25,737 compared to 25,685 in June of last year. 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives to the Race Horse Development and Gaming Act recently approved through the signing of Act 42 of 2017.

The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 18,000 people and annually generate approximately $1.4 billion 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.

Additional information about both the PGCB's gaming 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.

CONTACTS:  Doug Harbach or Richard McGarvey 
(717) 346-8321  

SOURCE Pennsylvania Gaming Control Board

Related Links

http://www.gamingcontrolboard.pa.gov/