HARRISBURG, Pa., Dec. 17, 2010 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today posted on its web site the revenue figures for November table games play at the ten operating casinos.
Table games produced $38,520,402 gross revenue in November resulting in $6,163,264 in tax revenue after applying the 16% tax rate (14% to the Commonwealth's General Fund and 2% to the local host county and municipality). That compares to $40,893,425 in gross revenue and $6,542,948 in tax revenue during October 2010, a decrease of 6.16%.
The average number of tables operating daily in November was 763 or 7.86% more tables than in October when 707 were in daily operation.
Gross revenue for each of the casinos in October 2010 is as follows:
Harrah's Chester Casino and Racetrack
Sands Casino Resort Bethlehem
Mohegan Sun at Pocono Downs
Mount Airy Casino Resort
Hollywood Casino at Penn National Racecourse
The Meadows Racetrack and Casino
Presque Isle Downs and Casino
*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. To date, with ten casinos in operation, legalized gaming in the Commonwealth has created, or helped race track facilities retain, nearly 14,000 living wage jobs, provided property tax reduction in each of the past three years for all homeowners, produced revenue that has reinvigorated Pennsylvania's horse racing industry, and provided a new stream of tax revenue to local governments that has funded scores of 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
SOURCE Pennsylvania Gaming Control Board