Casino Gaming Revenue Up During 2017/2018 State Fiscal Year

HARRISBURG, Pa., July 17, 2018 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today reported that the combined gross revenue from the play of slot machines and table games during the 2017/2018 state fiscal year was the highest total to date.

The total revenue of $3,247,599,744 eclipsed the previous high state fiscal year total of 2015/2016, and was 1.4% higher than the total revenue achieved last state fiscal year.

A comparison of combined revenue since table games were introduced into Pennsylvania casinos in 2010 is below:

The total increase was driven by the increases in both slot machines and table games revenue during the recently completed 2017/2018 state fiscal year compared to the previous fiscal year (0.7% and 3.3% respectively). The Board released year over year figures for slot machine revenue on July 3, 2018.

Table games revenue was up 9 of the 12 months during the fiscal year, with total revenue in 2017/2018 of $895,278,807 compared to $866,518,820 during the 2016/2017 state fiscal year. 

Tax revenue produced through table games play was up 4% from $138 million in fiscal year 2016/2017 to $144 million in fiscal year 2017/2018*. Estimated combined tax revenue from slot machines and table games for the 2017/2018 fiscal year was $1,336,946,353*.

Finally, the Board is also reporting June 2018 monthly table games revenue on its web site, www.gamingcontrolboard.pa.gov. That report shows that $73.5 million in table games revenue was generated during June 2018, a 5% increase compared to June 2017. 

A comparison of gross table games revenue of the past two Junes is as follows:

**Tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state's casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017.

The Commonwealth's casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB's gaming regulatory efforts and Pennsylvania's gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

CONTACTS: Doug Harbach or Richard McGarvey 
(717) 346-8321

SOURCE Pennsylvania Gaming Control Board

Related Links

http://www.gamingcontrolboard.pa.gov

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