Pennsylvania Table Game Revenue Rises Over 3% During the 2016/2017 State Fiscal Year

HARRISBURG, Pa., July 17, 2017 /PRNewswire-USNewswire/ -- The Pennsylvania Gaming Control Board today reported that table games revenue increased 3.25% during the recently completed 2016/2017 state fiscal year compared to the previous fiscal year.

The findings were part of a report posted on the Board's web site that provides monthly table games revenue for all 12 of the Commonwealth's casinos.

Table games revenue was up 9 of the 12 months during the fiscal year, with total revenue in 2016/2017 of $866,467,940 compared to $839,177,086 during 2015/2016 state fiscal year. 

The monthly table games report posted on the Board's web site also shows that almost $70 million in table games revenue was generated during June 2017, a 2.16% increase compared to June 2016. 

Tax revenue produced through table games play was up 15.74% from $119 million in fiscal year 2015/2016 to $138 million in fiscal year 2016/2017 an increase of almost $19 million.*

A comparison of gross table games revenue of the past two Junes and for the past two Fiscal Years is as follows:

When combined with slot machine revenue reported earlier this month, a total of $3.20 billion in total gaming revenue was generated during the 2016/2017 state fiscal year.  That is the second highest total to date, just under last year's record $3.22 million, a difference of less than 1%.

The following chart provides the amount of gross slot machine, table games and total revenue generated beginning with the first full fiscal year in which table games were operating at the Commonwealth casinos:

Estimated combined tax revenue from slot machines and table games for the 2016/2017 fiscal year was $1,375,191,506**.

*Beginning August 1, 2016 the table games tax rate increased by 2% for each category of tables

**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. There are 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 18,000 people and annually generate nearly $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 regulatory efforts and Pennsylvania's casino gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

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

SOURCE Pennsylvania Gaming Control Board

Related Links

http://www.gamingcontrolboard.pa.gov