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PA Casinos See Rise In Gross Revenue

Published: January 19, 2012 10:52 am ET

Last Comment: January 19, 2012 8:03 pm ET | 1 Comment(s) | Jump to Comments

With an additional $55.8 million in revenue in December from table games play at Pennsylvania’s 10 casinos, the Pennsylvania Gaming Control Board has announced that the total combined gaming revenue from slot machines and table games generated in 2011 topped $3 billion for the first time.

The board has reported that gross revenue for 2011 was $3,024,772,959 compared to 2010 totals of $2,486,408,061, a year-over-year increase of 21.65 per cent.

Pennsylvania taxes gross table game revenue at 16 per cent and gross slot machine revenue at approximately 55 per cent.

“Since one of the intents of the Gaming Act was to provide a significant source of new revenue, it is certainly gratifying to see this continued increase,” said PGCB Board Chairman William H. Ryan Jr. “The ability of Pennsylvania casinos to offer top-scale amenities and high quality service is certainly a driving factor in the patronage of these entertainment facilities.”

The board also released the December revenue report from the play of table games. The report shows tax revenue of more than $9 million with an average of 949 tables in operation on a daily basis during December, and gross revenue from play of all table games of $55,823,485. That amount was 26.6 per cent higher than December 2010’s revenue of $44,080,346 when an average of 783 tables were in operation on a daily basis. Table game play generated $9,015,350 of tax revenue in December.

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

(Pennsylvania Gaming Control Board)

January 19, 2012 - 8:03 pmThis is exactly why Toronto

This is exactly why Toronto needs a full fledged casino at CNE grounds or Ontario place.Let the employees of Niagara/Rama/Woodbine have first dibs at jobs.Revenue Rules.


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