The Pennsylvania Gaming Control Board has released slot game and table game revenue for the year, putting the lid on the 2017/2018 fiscal year.
2017/2018 fiscal year revenue highlights
Let’s take a look at some notable highlights from the yearly report:
Total Revenue for the year increased to 1.4% – The 1.4% increase marked a turn from the previous year when revenue was -0.78%. During the 2015/2016 fiscal year, Pennsylvania casino revenue grew 3.6%, its largest increase since its second year.
Slots continue to dominate – During the 2017/2018 fiscal year, Pennsylvania casinos generated $2.53 billion dollars in slot revenue versus $895 million in table games revenue. The numbers mean that table games represent only 27.6% of total revenue. This will be interesting to watch as casinos begin offering online gambling while many question about the high tax rates on online slots. complain about taxes on online slots
Parx reigns supreme – Parx Casino’s performance in slot revenue helps propel it to the top Pennsylvania casino with over $586,667,008 generated during the fiscal year. It should be noted that table game revenue represents a larger share of revenue at Parx than Pennsylvania as a whole — 31.7%.
Sands dominates in table games – While Parx’s continues its sizable lead in slots, Sands Bethleham is the undisputed leader in table game revenue.
Valley Forge sees the largest increase – Thanks to a year of monthly double digit increases, Valley Forge leads the way with a 8.02% increase over the year. Despite the strong year for Valley Forge, they are still the 11th largest casino in Pennsylvania by revenue.
Mohegan Sun Pocono experiences the largest decline – The Wilkes Barre casino was down 3.43% on the year, a decline of just over $8 million from the previous year.
A full look at Pennsylvania Casino revenue
The chart shows the slot and table game revenue generated for the fiscal year ending in June, the total revenue per casino for the year as well as a comparison to the previous year.
|Total||Slots Gross Revenue FY 2017/2018||Table Games Revenue FY 2017/2018||All Revenue FY 2017/2018||All Revenue FY 2016/2017||All Revenue Increase/Decrease|
|Sands Casino Resort Bethlehem||$302,054,464||$235,716,102||$537,770,566||$539,306,995||0.28%|
|Harrah's Philadelphia Casino and Racetrack||$199,718,368||$64,253,855||$263,972,223||$266,005,799||-0.77%|
|The Meadows Casino||$209,520,273||$39,222,586||$248,742,859||$250,013,332||-0.51%|
|Mohegan Sun Pocono||$202,793,257||$40,813,799||$243,607,056||$251,969,264||-3.43%|
|Hollywood Casino at Penn National Race Course||$207,355,560||$35,488,274||$242,843,834||$245,828,431||-1.23%|
|Mount Airy Casino Resort||$146,997,589||$45,135,697||$192,133,286||$188,595,001||1.84%|
|Presque Isle Downs and Casino||$114,436,868||$13,889,096||$128,325,964||$127,058,077||0.98%|
|Valley Forge Casino Resort||$86,686,698||$37,800,347||$124,487,045||$114,499,562||8.02%|
|Lady Luck Casino Nemacolin||$28,875,296||$4,704,191||$33,579,487||$34,271,275||-2.06%|