Pennsylvania experiences revenue rise in July
Pennsylvania’s gaming revenue generated in July 2019 was 1.13% higher than what was reported during the same period a year ago.
US.- The Pennsylvania Gaming Control Board (PGCB) has released the latest financial report that details operations from July 2019. Total gaming revenue was US$281.4 million, which is 1.13% higher than what was recorded in July 2018 in Pennsylvania.
Gross revenue from slot machines was US$199.6 million, representing a 2% fall in revenue when compared to the US$203.6 million generated in 2018. Tax revenue from the slots was US$102.7 million.
As reported by the PGCB, the average number of slot machines operating in July was 24,671, down by approximately 1,000 when compared to the 25,641 from July 2018.
Parx Casino was the facility that amounted the biggest share of revenue from slots with US$34.7 million. That figure is virtually the same when compared to the financial results from July 2018. Rivers Casino followed Parx with US$25.3 million and achieved a 3.9% increase over 2018. The facilities that reported the biggest revenue rise were Valley Forge and Lady Luck Casino Nemacolin with 10.9% and 5.2% respectively. However, those were the two facilities that generated the least revenue from slots in July 2019.
Table games revenue was US$76.9 million, a 4.3% rise over July 2018 when revenue was US$73.8 million. Total tax revenue from table games play during July was US$12.5 million with an average of 1,279 tables in daily operation statewide.
Rivers Casino generated US$7.1 million in July, and while it wasn’t the top performer, it achieved an impressive 27% increase. Wind Creek Bethlehem generated US$20.8 million and was the most important table games operator, though it registered a 1.13% fall.
Online gambling revenue
Launched by three casinos on July 15, online gross gaming revenue totalled US$812k. SugarHouse Casino generated US$422k in total online gaming revenue. Parx Casino was the second-biggest operator with US$260k, followed by Hollywood Casino at Penn National Race Course with US$129k.
Sports betting’s performance
July’s sports betting total handle from retail and online outlets was US$59.3 million, which generated US$2.8 million in revenue. SugarHouse’s total revenue was US$1.07 million, half of it coming from retail and half from online activities. Total handle for the casino was US$26.4 million, the highest in the state.
Parx Casino’s retail revenue of US$414k was higher than the online sector’s US$242k. Valley Forge’s retail revenue was US$168k, while its online revenue reached the US$133k figure.
