Pa Slot Revenue
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After a record-setting March, the Pennsylvania casino industry saw its revenue fall by just over 1% in April.
*Pa Slot Revenue Calculator
*Pa Slot Revenue Online
*Pa Slot Revenue
However, April 2019 bested April 2018… if the $4.2 milliongenerated by Pennsylvania’s licensed sportsbooks is added to the revenue mix.
On the month-over-month level, the March to April dip isn’t unexpected. Outside of the summer months, March is huge revenue month for gaming on the East Coast, and a slowdown in April has become a common occurrence.
Pennsylvania’s run of consecutive months with declining slot revenue has reached double digits. And there is still no end in sight. October 2016 slot machine revenue: $191,850,596.41 (-3.04 percent). The casino also leads the way in yearly slot revenue, topping its competitors with $172,516,039 total. Sands Bethlehem, which will soon be sold to Wind Creek Hospitality, the gaming arm of the Poarch Band of Creek Indians, came in a distant second for the month. The venue added $27,009,310 to its coffers in May slot revenue, enjoying a 2% Y/Y.What about DFS?
The first full year of licensed, regulated daily fantasy sports in Pennsylvania was fairly underwhelming.
All told, Pennsylvania’s licensed DFS operators tallied $22.5 million during their first 12 months. By comparison, New Jersey’s online casino industry tallied $36.5 million in April alone.
So, while states were busy legalizing DFS in recent years, they seem to have had their heads down and missed the proverbial golden goose walking by. Fortunately, Pennsylvania didn’t fall into that trap. The state legalized online gambling and DFS at the same time. PA online casinos are preparing for a scheduled July 15 launch date.Topline revenue numbers
According to the revenue reports issued by Pennsylvania Gaming Control Board, the state’s gambling operators collectively tallied just over $280 million in April.
April 2019 Pennsylvania casino revenue numbers:
*Slot machine revenue: $200,359,402.90 (-2.82%)
*Table game revenue: $77,448,426 (+3.72%)
*Sports betting revenue: $4,221,482 (no Y/Y comp)
*Total gaming revenue (including sports): $282,029,31112-month slot revenue trend
After a five-month run of year-over-year gains, slot revenue finally crashed in April. That’s just the third time the state has experienced a Y/Y slot revenue decline in the last 12 months.
*May 2018 slot machine revenue: $203,993,259.02 (+.37 percent)
*June 2018 slot machine revenue: $197,763,672 (+4.9 percent)
*July 2018 slot machine revenue: $203,643,985.78 (-2.62 percent)
*August 2018 slot machine revenue: $201,729,430.81 (+4.42 percent)
*September 2018 slot machine revenue: $196,209,617.90 (+.42 percent)
*October 2018 slot machine revenue: $186,255,556.07 (-1.73 percent)
*November 2018 slot machine revenue: $183,069,176.86 (+.96 percent)
*December 2018 slot machine revenue: $202,840,435.32 (+8.12 percent)
*January 2019 slot machine revenue: $179,842,150 (+1.15 percent)
*February 2019 slot machine revenue: $189,976,151.61 (+.49 percent)
*March 2019 slot machine revenue: $226,597,681.24 (+2.37 percent)
*April 2019 slot machine revenue: $200,359,402.90 (-2.82 percent)A look at who was up and who was down
As expected in a down month, only four of the state’s 12 casinos posted year-over-year revenue gains in April.CasinoGaming RevenueIncrease/DecreaseParx Casino$51,259,416-1.67%Sands Bethlehem$47,031,2117.63%Rivers Casino$31,294,2422.70%SugarHouse$28,462,0369.96%Harrah’s Philadelphia$20,648,441-14.26%The Meadows$19,534,043-10.29%Hollywood Casino$20,727,328-4.38%Mohegan Sun$19,285,858-7.22%Mount Airy$14,142,806-13.19%Valley Forge$11,765,48615.95%Presque Isle Downs$11,210,451-1.47%Lady Luck$2,446,510-3.28%Statewide Total$277,807,829-1.08%Market share
*Doesn’t include sports bettingPA market analysisSports betting is boosting revenues across the casino
Pennsylvania’s retail-only sports betting market might not be posting the same revenue numbers as New Jersey’s combination retail-online industry, but that doesn’t mean sports betting is a failure in the Keystone State.
In addition to the $4 million in direct revenue generated in April, sports betting is boosting revenues in other areas. At the recent ICE North America conference, two Pennsylvania casino representatives spoke to the ancillary benefits sports betting has provided.
Jeff Kaplan of Penn National told attendees, “sports is bringing in a younger demographic,” and has led to an increase in table game revenue.
Richard Schwartz of Rush Street has seen similar results, noting that sports betting is driving across every casino sector, including table games, slots, poker, and food and beverage.Will PA hit its target online gaming launch date?
As noted last month, casino revenue will get a boost when the state (finally) green-lights online casinos and poker rooms. The tentative launch for online casino and poker is slated for July 15.
However, some backchannel chatter at ICE North America has Play Pennsylvania slightly pessimistic that the state will have all its ducks in a row and launch on time.Historical look at casino revenue in Pennsylvania
Contents
August marked the eleventh straight month of year-over-year slot machine revenue declines in Pennsylvania.
However, the news was not all doom and gloom for the 12 Pennsylvania casino properties. In fact, while the Pennsylvania Gaming Control Board reported August 2017 slot machine revenues were down from the same month one year ago, the drop was just 0.4 percent.
Plus, in terms of real dollars, August 2017 slot machine revenues reached $193,190,478, down from $193,949,367 in August 2016. This represented a dip of just $758,889.Big slot players see gains
Additionally, the state’s three biggest players in terms of slot machine revenue saw increases in August 2017.
Long-time Pennsylvania slot revenue leader Parx Casino Slots kroon. saw its August 2017 slot machine revenue reach over $32 million. This was up 0.17 percent from the $31.98 million posted in August 2016.
Plus, perennial Pennsylvania slot machine revenue runner up Sands Casino Resort Bethlehem saw August 2017 slot machine revenue numbers hit over $25 million. This represented a 1.38 percent increase over the $24.78 million in slot machine revenue Sands Bethlehem reported in August 2016.Pa Slot Revenue Calculator
Additionally, the Rivers Casino in Pittsburgh posted $22.1 million in slot machine revenue in August 2017. This was up 1.36 percent from the same month last year.PA nets $95 million in tax revenue from slots
Pennsylvania charges a 54 percent tax rate on slot machine revenues, the largest in the country. Thanks to that, the state itself continued to be the largest beneficiary of slot machine play last month. In fact, the Pennsylvania Gaming Control Board reported the state pulled in $95,047,981 in tax revenue from slot machines in August 2017.
The slight dip in overall slot machine revenues can be at least partly attributed to the fact there were fewer machines in operation compared to a year ago. In fact, the Pennsylvania Gaming Control Board reported the average number of slot machines operating in the state was 25,814 in August 2017. This compared to 26,676 in August 2016.Pa Slot Revenue Online
For the most part, monthly increases in table game revenues have been offsetting declines in slot revenues over the past year. However, in July 2017, Pennsylvania gaming revenues did dip 0.51 percent compared to a year earlier. Table game and overall revenue numbers for August 2017 have yet to be released.The biggest winners and largest losers
The biggest gains in slot machine revenue for August 2017 were reported by the Mount Airy Casino Resort. The Mount Pocono, PA property boasts a 62,000-square foot casino with 1,800 slot machines and table games. It posted more than $13.2 million in slot machine revenues in August 2017. This represented a 6.6 percent increase from the $12.3 million posted in August 2016.Pa Slot Revenue
Lady Luck Casino Nemacolin reported the largest drop in August slot machine revenues. The state’s smallest casino property saw slot machine revenues drop 6.12 percent. They went from $2.6 million in August 2016 to $2.49 million this year.
Register here: http://gg.gg/x7j9l
https://diarynote.indered.space
After a record-setting March, the Pennsylvania casino industry saw its revenue fall by just over 1% in April.
*Pa Slot Revenue Calculator
*Pa Slot Revenue Online
*Pa Slot Revenue
However, April 2019 bested April 2018… if the $4.2 milliongenerated by Pennsylvania’s licensed sportsbooks is added to the revenue mix.
On the month-over-month level, the March to April dip isn’t unexpected. Outside of the summer months, March is huge revenue month for gaming on the East Coast, and a slowdown in April has become a common occurrence.
Pennsylvania’s run of consecutive months with declining slot revenue has reached double digits. And there is still no end in sight. October 2016 slot machine revenue: $191,850,596.41 (-3.04 percent). The casino also leads the way in yearly slot revenue, topping its competitors with $172,516,039 total. Sands Bethlehem, which will soon be sold to Wind Creek Hospitality, the gaming arm of the Poarch Band of Creek Indians, came in a distant second for the month. The venue added $27,009,310 to its coffers in May slot revenue, enjoying a 2% Y/Y.What about DFS?
The first full year of licensed, regulated daily fantasy sports in Pennsylvania was fairly underwhelming.
All told, Pennsylvania’s licensed DFS operators tallied $22.5 million during their first 12 months. By comparison, New Jersey’s online casino industry tallied $36.5 million in April alone.
So, while states were busy legalizing DFS in recent years, they seem to have had their heads down and missed the proverbial golden goose walking by. Fortunately, Pennsylvania didn’t fall into that trap. The state legalized online gambling and DFS at the same time. PA online casinos are preparing for a scheduled July 15 launch date.Topline revenue numbers
According to the revenue reports issued by Pennsylvania Gaming Control Board, the state’s gambling operators collectively tallied just over $280 million in April.
April 2019 Pennsylvania casino revenue numbers:
*Slot machine revenue: $200,359,402.90 (-2.82%)
*Table game revenue: $77,448,426 (+3.72%)
*Sports betting revenue: $4,221,482 (no Y/Y comp)
*Total gaming revenue (including sports): $282,029,31112-month slot revenue trend
After a five-month run of year-over-year gains, slot revenue finally crashed in April. That’s just the third time the state has experienced a Y/Y slot revenue decline in the last 12 months.
*May 2018 slot machine revenue: $203,993,259.02 (+.37 percent)
*June 2018 slot machine revenue: $197,763,672 (+4.9 percent)
*July 2018 slot machine revenue: $203,643,985.78 (-2.62 percent)
*August 2018 slot machine revenue: $201,729,430.81 (+4.42 percent)
*September 2018 slot machine revenue: $196,209,617.90 (+.42 percent)
*October 2018 slot machine revenue: $186,255,556.07 (-1.73 percent)
*November 2018 slot machine revenue: $183,069,176.86 (+.96 percent)
*December 2018 slot machine revenue: $202,840,435.32 (+8.12 percent)
*January 2019 slot machine revenue: $179,842,150 (+1.15 percent)
*February 2019 slot machine revenue: $189,976,151.61 (+.49 percent)
*March 2019 slot machine revenue: $226,597,681.24 (+2.37 percent)
*April 2019 slot machine revenue: $200,359,402.90 (-2.82 percent)A look at who was up and who was down
As expected in a down month, only four of the state’s 12 casinos posted year-over-year revenue gains in April.CasinoGaming RevenueIncrease/DecreaseParx Casino$51,259,416-1.67%Sands Bethlehem$47,031,2117.63%Rivers Casino$31,294,2422.70%SugarHouse$28,462,0369.96%Harrah’s Philadelphia$20,648,441-14.26%The Meadows$19,534,043-10.29%Hollywood Casino$20,727,328-4.38%Mohegan Sun$19,285,858-7.22%Mount Airy$14,142,806-13.19%Valley Forge$11,765,48615.95%Presque Isle Downs$11,210,451-1.47%Lady Luck$2,446,510-3.28%Statewide Total$277,807,829-1.08%Market share
*Doesn’t include sports bettingPA market analysisSports betting is boosting revenues across the casino
Pennsylvania’s retail-only sports betting market might not be posting the same revenue numbers as New Jersey’s combination retail-online industry, but that doesn’t mean sports betting is a failure in the Keystone State.
In addition to the $4 million in direct revenue generated in April, sports betting is boosting revenues in other areas. At the recent ICE North America conference, two Pennsylvania casino representatives spoke to the ancillary benefits sports betting has provided.
Jeff Kaplan of Penn National told attendees, “sports is bringing in a younger demographic,” and has led to an increase in table game revenue.
Richard Schwartz of Rush Street has seen similar results, noting that sports betting is driving across every casino sector, including table games, slots, poker, and food and beverage.Will PA hit its target online gaming launch date?
As noted last month, casino revenue will get a boost when the state (finally) green-lights online casinos and poker rooms. The tentative launch for online casino and poker is slated for July 15.
However, some backchannel chatter at ICE North America has Play Pennsylvania slightly pessimistic that the state will have all its ducks in a row and launch on time.Historical look at casino revenue in Pennsylvania
Contents
August marked the eleventh straight month of year-over-year slot machine revenue declines in Pennsylvania.
However, the news was not all doom and gloom for the 12 Pennsylvania casino properties. In fact, while the Pennsylvania Gaming Control Board reported August 2017 slot machine revenues were down from the same month one year ago, the drop was just 0.4 percent.
Plus, in terms of real dollars, August 2017 slot machine revenues reached $193,190,478, down from $193,949,367 in August 2016. This represented a dip of just $758,889.Big slot players see gains
Additionally, the state’s three biggest players in terms of slot machine revenue saw increases in August 2017.
Long-time Pennsylvania slot revenue leader Parx Casino Slots kroon. saw its August 2017 slot machine revenue reach over $32 million. This was up 0.17 percent from the $31.98 million posted in August 2016.
Plus, perennial Pennsylvania slot machine revenue runner up Sands Casino Resort Bethlehem saw August 2017 slot machine revenue numbers hit over $25 million. This represented a 1.38 percent increase over the $24.78 million in slot machine revenue Sands Bethlehem reported in August 2016.Pa Slot Revenue Calculator
Additionally, the Rivers Casino in Pittsburgh posted $22.1 million in slot machine revenue in August 2017. This was up 1.36 percent from the same month last year.PA nets $95 million in tax revenue from slots
Pennsylvania charges a 54 percent tax rate on slot machine revenues, the largest in the country. Thanks to that, the state itself continued to be the largest beneficiary of slot machine play last month. In fact, the Pennsylvania Gaming Control Board reported the state pulled in $95,047,981 in tax revenue from slot machines in August 2017.
The slight dip in overall slot machine revenues can be at least partly attributed to the fact there were fewer machines in operation compared to a year ago. In fact, the Pennsylvania Gaming Control Board reported the average number of slot machines operating in the state was 25,814 in August 2017. This compared to 26,676 in August 2016.Pa Slot Revenue Online
For the most part, monthly increases in table game revenues have been offsetting declines in slot revenues over the past year. However, in July 2017, Pennsylvania gaming revenues did dip 0.51 percent compared to a year earlier. Table game and overall revenue numbers for August 2017 have yet to be released.The biggest winners and largest losers
The biggest gains in slot machine revenue for August 2017 were reported by the Mount Airy Casino Resort. The Mount Pocono, PA property boasts a 62,000-square foot casino with 1,800 slot machines and table games. It posted more than $13.2 million in slot machine revenues in August 2017. This represented a 6.6 percent increase from the $12.3 million posted in August 2016.Pa Slot Revenue
Lady Luck Casino Nemacolin reported the largest drop in August slot machine revenues. The state’s smallest casino property saw slot machine revenues drop 6.12 percent. They went from $2.6 million in August 2016 to $2.49 million this year.
Register here: http://gg.gg/x7j9l
https://diarynote.indered.space
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