Pennsylvania Gaming Control Board Releases Table Game Revenue Figures For March
Apr 18, 2011, 12:23 ET
March total over $10 million more than previous high month
HARRISBURG, Pa., April 18, 2011 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today posted on its web site the revenue figures for March table games play at the ten operating casinos.
Table games produced $54,606,617 gross revenue in March resulting in $8,737,059 in tax revenue. Pennsylvania has a 16% tax rate on gross table game revenue with 14% going to the Commonwealth's General Fund and 2% to the local host county and municipality.
March's total revenue was the highest to date since table games were introduced at Pennsylvania casinos last July, and significantly eclipsed the previous high month of December 2010 when gross revenue totaled $44,080,346.
"We continue to see greater play of table games as casinos enhance their customer base and refine the mix of games that patrons seek," says PGCB Executive Director Kevin O'Toole. "Certainly as we move into the warmer months where patron visits increase, it would be likely that we will see a continued upward trend of these revenue numbers."
Gross revenue for each of the casinos in March 2011 is as follows:
Casino |
Tables |
Gross Revenue |
State Tax* |
Local Tax# |
|
Parx Casino |
150 |
$9,975,829 |
$1,396,616 |
$199,517 |
|
Sands Casino Resort Bethlehem |
100 |
$8,537,395 |
$1,195,235 |
$170,748 |
|
Harrah's Chester Casino and Racetrack |
122 |
$7,426,257 |
$1,039,676 |
$148,525 |
|
SugarHouse Casino |
43 |
$6,432,608 |
$900,565 |
$128,652 |
|
Rivers Casino |
104 |
$5,548,123 |
$776,737 |
$110,962 |
|
The Meadows Racetrack and Casino |
70 |
$4,476,088 |
$626,652 |
$89,522 |
|
Hollywood Casino at Penn National Race Course |
61 |
$3,483,132 |
$487,638 |
$69,663 |
|
Mount Airy Casino Resort |
72 |
$3,482,472 |
$487,546 |
$69,649 |
|
Mohegan Sun at Pocono Downs |
84 |
$3,446,784 |
$482,550 |
$68,936 |
|
Presque Isle Downs and Casino |
48 |
$1,797,930 |
$251,710 |
$35,959 |
|
Statewide Total |
854 |
$54,606,617 |
$7,644,927 |
$1,092,132 |
|
*14% of gross revenue |
|||||
# 2% of gross revenue |
|||||
March's total pushed state tax collections in the 2010/11 Fiscal Year to $56,642,849.50:
Month |
Tables Statewide |
Gross Revenue |
State Tax* |
Local Tax# |
|
July (partial) |
624 |
$17,558,398 |
$2,458,176 |
$351,168 |
|
August |
636 |
$34,555,172 |
$4,837,724 |
$691,104 |
|
September |
694 |
$36,866,126 |
$5,161,258 |
$737,323 |
|
October |
707 |
$40,893,425 |
$5,725,080 |
$817,869 |
|
November |
745 |
$38,520,402 |
$5,392,856 |
$770,408 |
|
December |
783 |
$44,080,346 |
$6,171,248 |
$881,607 |
|
January |
841 |
$43,310,753 |
$6,063,506 |
$866,215 |
|
February |
842 |
$43,626,564 |
$6,107,719 |
$872,531 |
|
March |
854 |
$54,606,617 |
$7,644,927 |
$1,092,132 |
|
Total |
-- |
$354,017,805 |
$49,562,493 |
$7,080,356 |
|
*14% of gross revenue |
|||||
# 2% of gross revenue |
|||||
A detailed breakdown of revenue by casino can be found on the PGCB website that includes information for non-banking, banking, and electronic tables, revenue and taxes generated, and the number of table games.
In addition to this report, the Board also posts monthly slot machine revenue reports on its web site.
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 14,000 living persons. Legalized gaming has generated over $4.7 billion in tax revenue since the first casino opening in November 2006. That money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to Commonwealth's horse racing industry, and establishing 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