PA Gaming Control Board Releases Table Game Revenue Figures for January

Monthly revenue is second highest since introduction of table games

HARRISBURG, Pa., Feb. 16, 2011 /PRNewswire-USNewswire/ -- Table games play withstood a harsh January to generate revenue of over $43 million, an amount that ranks second in overall monthly table games revenue since the tables games were introduced into Pennsylvania casinos last year.

According to the report posted today by the Pennsylvania Gaming Control Board on its web site, www.pgcb.state.pa.us, table games produced gross revenue in January of $43,310,753.  Except for slightly higher overall revenue in December 2010 of $44 million, January's total ranks as the second highest monthly revenue figure of the six full months that table games have operated at the 10 casinos.

The figures showed $6,929,720 in tax revenue was returned to Commonwealth citizens from table games play in January.  Gross table games revenue is taxed at a 16% rate with 14% going to the Commonwealth's General Fund and 2% to the local host county and municipality.

Additionally, poker tables (referred to in the report as Non-Banking Tables) had its highest month thus far generating $4,580,497 in gross revenue.  

These figures came despite poor weather in January that, as reported in an earlier PGCB press release on January slot machine revenue, made it difficult for patrons to visit casinos last month.

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

*14% of gross revenue

^#2% of gross revenue

The Board also reported that the average number of tables operating continued to grow with 841 in operation during January compared to 783 in daily operation during December 2010.

A detailed breakdown of revenue by casino can be found on the PGCB website 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, nearly 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.

www.pgcb.state.pa.us

CONTACT: Doug Harbach or Richard McGarvey

(717) 346-8321

SOURCE Pennsylvania Gaming Control Board

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