Sands Reaches The Top As Pennsylvania Casino Revenues Rise 3.86 Percent

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Contents
1 A tight race at the top
2 Just two PA casinos see declines
3 More than $108 million in taxes collected For the first time this year, Sands Casino Resort Bethlehem became Pennsylvania’s top-grossing casino in September. The Pennsylvania Gaming Control Board released total gambling revenue figures for the month of September last week, showing Sands Casino Resort Bethlehem pulled in more than $47.5 million. Parx Casino has held the revenue lead every month this year prior to September. However, the Philadelphia-area casino fell to second among the state’s 12 casino properties, posting $47.4 million in revenue throughout the month. Parx was the top-grossing casino in the state in 2016. It claimed more than $551 million in annual gambling revenue. Sands was a close second, posting a little more than $535 million throughout the year. While Parx held a strong lead in slots revenue in 2016, Sands earned almost $70 million more from table games, bridging the gap. A tight race at the top It has been close at the top through the first eight months of the year. However, Parx has been putting a small distance between itself and Sands every month until September. With just three more months until the end of they year, Parx would still have to be considered the favorite to remain Pennsylvania’s top-grossing casino in 2017. The news was good across the board for Pennsylvania’s gambling industry in September. In fact, total gaming revenue was up more than $10 million, or 3.86 percent, compared to September 2016. Total statewide gambling revenue hit $271 million in September compared to $260.9 million in the same month last year. Just two PA casinos see declines In fact, just two PA casinos saw revenues decline. Mohegan Sun Pocono’s total gambling revenues were down 3.56 percent from $21.5 million in September 2016 to $20.7 million last month. Additionally, Presque Isle Downs and Casino saw its total gambling revenue drop 3.37 percent from $11.5 million in September of last year to $11.1 million last month. The biggest gains were seen by Mount Airy Casino Resort. Its total gambling revenue jumped 8.69 percent from $15.9 million in September 2016 to $17.3 million last month. Rivers Casino in Pittsburgh also saw some impressive gains. Its total gambling revenue rose 8.02 percent from $26.1 million in September of last year to $28.2 million last month. Statewide table game revenues were up nearly 10 percent from $68.7 million in September 2016 to $75.6 million last month. However, slot machines continue to be the biggest earners at PA casinos. In September 2017 alone, statewide total slot revenues hit more than $195 million. More than $108 million in taxes collected Pennsylvania collects a 16 percent tax on table game revenues and a 54 percent tax rate on slot machine revenues. The total tax gambling tax revenue collected by the state in September 2017 was $108,307,631.75. Pennsylvania lawmakers are still considering legalizing online gambling in the state as a part of budget deliberations this year. The hope is online gambling can bring in an additional $200 million in tax revenue for the state. Image credit: Andy Borysowski / Shutterstock.com

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