Revenue for Pennsylvania’s twelve brick and mortar casinos was down slightly from last October. During the month, casinos took in $261.9 million from gamblers in the state, down from $263 million last year, representing a 0.4% loss. The downturn over the last year is after PA casinos saw a 3.8% increase during September from the previous year.
While the down month was not particularly significant, Pennsylvania’s recent expansion of online gambling in October will only reinforce the eagerness to roll out Pennsylvania’s major expansion of gambling.
Table games strong, slots continue to weaken
Of the nearly $262 million that was won by Pennsylvania casinos in October, $72.4 of that number comes from table games (for example, blackjack) while $189.5 million was pulled from slot machines. Table games actually held their own with a 1.7% increase over the month while slot gaming revenue was down 1.2%, the 12th such decline over the last 13 months.
During 2016, Pennsylvania casinos won a total $3.2 billion, marking its best year ever. But despite the big month during September, the yearly revenue number represents an increase of just 1.7% since 2012. Overall gaming revenue in Pennsylvania has largely been flat since 2011 with the state hovering around the $3 billion mark.
With the passage of online gambling in Pennsylvania, the state could add another $300 in yearly revenue for casinos. The passage of the bill signed last month also authorizes mini casinos as well as daily fantasy sports and in the future — sports betting legalization.
Pennsylvania winners and losers
Eight of the twelve Pennsylvania casinos saw declines during October with Mohegan Sun Pocono seeing the largest loss (8.92%).
The winners on the month included Monty Airy Casino Resort with a 12.53% gain followed by Lady Lucky Casino at 5.98%, Sands Bethlehem at 3.83% and Parx Casino with a 1.61% increase.
Parx remains the largest casino in Pennsylvania with a 17.3% market share generating $45 million in revenue during October. Parx is followed by Sands with 16.6% market share on approximately $43 million in revenue. Rivers Casino is a distant third with 10.2%, representing $27 million in revenue.