The top-line look at slots in PA
After the Pennsylvania Gaming Control Board posted December slot numbers, we have a look at all of 2016’s revenue.
Those numbers didn’t look that great for the state, as slots were actually down slightly, year over year.
Total slot revenue came for PA’s 12 casinos came in at $2.36 billion. That is actually 0.23 percent less than the casinos took in in 2015, or about $5 million.
While that may not seem that concerning, slot machine revenue growth had already plateaued in the state well before this. The best calendar year for PA slot revenue was 2012, when casinos generated $2.47 billion in revenue.
Tax revenue for the state from slots this past year topped $1.25 billion.
The PA slot numbers for December
The story was the same in December as it had been in many months: a significant drop in slot revenue YoY.
December saw slots give back ground in December of 2016 as compared to the same month in 2015, to the tune of more than six percent.
It had been a rough year for slots for much of 2016, as table game revenues have helped offset poor months on the slot machine front.
Table game revenue is usually released in the middle of the month, which will give us the full 2016 picture for casino revenue.
Winners and losers for PA casinos
The year was a mixed bag for individual casinos. Some saw major gains in slots, while others fell back.
- SugarHouse Casino, up $7 million, or about four percent, YoY
- Parx Casino, up $11 million (2.8 percent)
- Sands Bethlehem, up $5.5 million (1.8 percent)
The gains by the two Philadelphia-area casinos hurt the third in the region, Harrah’s Philadelphia. Casinos that had a bad year on the slots front: