PA Gaming Control Board Releases Table Game Revenue Figures for February

HARRISBURG, Pa., March 17, 2011 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today posted on its Web site the revenue figures for February table games play at the ten operating casinos.

Table games produced $43,626,564 gross revenue in February, resulting in $6,980,250 in tax revenue. Pennsylvania has a 16% tax rate on gross table game revenue with 14% going to the Commonwealth's General Fund and 2% to the local host county and municipality.

Gross revenue for each of the casinos in February 2011 is as follows:

*14% of gross revenue

^# 2% of gross revenue

February's total pushed state tax collections in the 2010/11 Fiscal Year to $47,905,791:

*14% of gross revenue

^# 2% of gross revenue

A detailed breakdown of revenue by casino can be found on the PGCB  Web site that includes information for non-banking, banking, and electronic tables, revenue and taxes generated, and the number of table games.

In addition to this report, the Board also posts monthly slot machine revenue reports on its Web site.

About the Pennsylvania Gaming Control Board

The Pennsylvania Gaming Control Board was established in 2004 with the passage of Act 71, also known as the Race Horse Development and Gaming Act.  Pennsylvania's first new state agency in nearly 40 years, the Gaming Control Board is tasked to oversee all aspects of the state's casino industry.  To date, with ten casinos in operation, legalized gaming in the Commonwealth has created, or helped race track facilities retain, over 14,000 living wage jobs, provided property tax reduction in each of the past three years for all homeowners, produced revenue that has reinvigorated Pennsylvania's horse racing industry, and provided a new stream of tax revenue to local governments that has funded scores of community projects.  A wealth of information about the Gaming Control Board and Pennsylvania's gaming industry can be found at www.pgcb.state.pa.us.  At this Web site, visitors can view videos of Board meetings and on the operation of the PGCB, obtain information on identifying a gambling problem and gaining assistance, look up future meeting schedules and past meeting transcripts, access an interactive map of casino locations, request a speaker for their group, along with much more information.

CONTACT: Doug Harbach or Richard McGarvey

(717) 346-8321

SOURCE Pennsylvania Gaming Control Board