Pennsylvania Casinos generate nearly $1.3 billion in tax revenue from slots play

Pennsylvania  Casinos generate nearly $1.3 billion in tax revenue from slots play

Tax revenue totaled $1,283,992,674 compared to $1,190,592,416 reported on the same period a year ago. The Board also reported that in June of this year, the 10 Pennsylvania casinos generated $105,108,842 in tax revenue from slot machine play, an 8.1% increase compared to June 2010. Since the opening of the first slot machine in 2006 at Mohegan Sun Casino at Pocono Downs, taxes just from slot machine play have totaled nearly $4.5 billion.

“Pennsylvania casinos are continuing to see significant patronage which, in turn, means our citizens have benefited by continuing to receive property tax reduction, living-wage jobs, and funds that are supporting a myriad of projects in many communities. In addition to lowering property taxes for homeowners, this revenue is funding water and sewer projects, purchases by fire and emergency companies, road improvements, and major economic development projects” says Gaming Control Board Chairman Greg Fajt.

The average number of operating slot machines throughout Pennsylvania casinos was 26,390 in June 2011 compared to 24,090 at nine casinos in June 2010. Gross revenue for each of the casinos operating in June 2011 is as follows:

Parx Casino: $29,793,416.98  (-5.11%)
Sands Casino Resort Bethlehem: $22,248,231.46 (+9.60%)
Rivers Casino: $22,164,864.83 (+5.83%)
Harrah’s Chester Casino and Racetrack: $21,321,018.00 (-9.15%)
The Meadows Racetrack and Casino: $20,074,676.16  (-0.37%)
Hollywood Casino at Penn National Racecourse: $19,987,592.21(-2.93%)
Mohegan Sun at Pocono Downs:  $17,894,153.55  $18,870,413.36     -5.17%
Presque Isle Downs and Casino: $13,767,615.29  (+0.05%)
SugarHouse Casino: $13,600,836.19 (–)
Mount Airy Casino Resort: $12,203,477.98 (+11.83%)
Statewide Total: $193,055,882.65 (+8.10%)

Order 2011 ACG

American Casino Guide