PA Gaming Control Board Releases Table Game Revenue Figures for April
Second consecutive month of revenue exceeding $50 million
HARRISBURG, Pa., May 17, 2011 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today posted on its web site the revenue figures for April table games play at the ten operating casinos.
Table games produced $52,886,879 in gross revenue in April generating $8,465,611 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.
April's total gross revenue exceeded $50 million for the second consecutive month, and table games has now returned more than $230 million of revenue to the Commonwealth. That includes $65,108,445 in taxes from the play of table games along with $165 million in one-time table games certification fees paid collectively by the casinos.
Gross revenue for each of the casinos in April 2011 is as follows: |
|||||
Casino |
Tables |
Gross Revenue |
State Tax* |
Local Tax# |
|
Parx Casino |
162 |
$10,360,023 |
$1,454,113 |
$207,200 |
|
Harrah's Chester Casino and Racetrack |
121 |
$7,932,936 |
$1,110,611 |
$158,659 |
|
Sands Casino Resort Bethlehem |
100 |
$7,832,242 |
$1,096,514 |
$156,645 |
|
SugarHouse Casino |
43 |
$6,218,937 |
$870,651 |
$124,379 |
|
Rivers Casino |
107 |
$5,773,592 |
$808,303 |
$115,472 |
|
Hollywood Casino at Penn National Race Course |
61 |
$3,647,504 |
$510,651 |
$72,950 |
|
Mohegan Sun at Pocono Downs |
84 |
$3,615,084 |
$506,112 |
$72,302 |
|
Mount Airy Casino Resort |
72 |
$3,146,009 |
$440,441 |
$62,920 |
|
The Meadows Racetrack and Casino |
71 |
$2,616,253 |
$366,275 |
$52,325 |
|
Presque Isle Downs and Casino |
48 |
$1,744,301 |
$244,202 |
$34,886 |
|
*14% of gross revenue |
|||||
# 2% of gross revenue |
|||||
'
April's total pushed state tax collections in the 2010/11 Fiscal Year to $65,108,446: |
|||||
Month |
Tables Statewide |
Gross Revenue |
State Tax* |
Local Tax# |
|
July (partial) |
624 |
$17,558,398 |
$2,458,176 |
$351,168 |
|
August |
636 |
$34,555,172 |
$4,837,724 |
$691,104 |
|
September |
694 |
$36,866,126 |
$5,161,258 |
$737,323 |
|
October |
707 |
$40,893,425 |
$5,725,080 |
$817,869 |
|
November |
745 |
$38,520,402 |
$5,392,856 |
$770,408 |
|
December |
783 |
$44,080,346 |
$6,171,248 |
$881,607 |
|
January |
841 |
$43,310,753 |
$6,063,506 |
$866,215 |
|
February |
842 |
$43,626,464 |
$6,107,705 |
$872,529 |
|
March |
854 |
$54,606,617 |
$7,644,927 |
$1,092,132 |
|
April |
869 |
$52,886,879 |
$7,407,873 |
$1,057,738 |
|
Total |
-- |
$406,904,582 |
$56,970,353 |
$8,138,093 |
|
*14% of gross revenue |
|||||
# 2% of gross revenue |
|||||
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. Currently, the ten casinos in operation in the Commonwealth employ over 14,000 people and legalized gaming has generated over $5.1 billion in tax and license fee revenue since the first casino opened in November 2006. A portion of that money is enabling property tax reduction for all Pennsylvania homeowners, providing needed funding to the Commonwealth's horse racing industry, funding grants for fire companies and water/sewer projects, and establishing a new stream of tax revenue to local governments for 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
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article