August marked the eleventh straight month of year-over-year slot machine revenue declines in Pennsylvania.
However, the news was not all doom and gloom for the 12 Pennsylvania casino properties. In fact, while the Pennsylvania Gaming Control Board reported August 2017 slot machine revenues were down from the same month one year ago, the drop was just 0.4 percent.
Plus, in terms of real dollars, August 2017 slot machine revenues reached $193,190,478, down from $193,949,367 in August 2016. This represented a dip of just $758,889.
Big slot players see gains
Additionally, the state’s three biggest players in terms of slot machine revenue saw increases in August 2017.
Long-time Pennsylvania slot revenue leader Parx Casino saw its August 2017 slot machine revenue reach over $32 million. This was up 0.17 percent from the $31.98 million posted in August 2016.
Plus, perennial Pennsylvania slot machine revenue runner up Sands Casino Resort Bethlehem saw August 2017 slot machine revenue numbers hit over $25 million. This represented a 1.38 percent increase over the $24.78 million in slot machine revenue Sands Bethlehem reported in August 2016.
Additionally, the Rivers Casino in Pittsburgh posted $22.1 million in slot machine revenue in August 2017. This was up 1.36 percent from the same month last year.
PA nets $95 million in tax revenue from slots
Pennsylvania charges a 54 percent tax rate on slot machine revenues, the largest in the country. Thanks to that, the state itself continued to be the largest beneficiary of slot machine play last month. In fact, the Pennsylvania Gaming Control Board reported the state pulled in $95,047,981 in tax revenue from slot machines in August 2017.
The slight dip in overall slot machine revenues can be at least partly attributed to the fact there were fewer machines in operation compared to a year ago. In fact, the Pennsylvania Gaming Control Board reported the average number of slot machines operating in the state was 25,814 in August 2017. This compared to 26,676 in August 2016.
For the most part, monthly increases in table game revenues have been offsetting declines in slot revenues over the past year. However, in July 2017, Pennsylvania gaming revenues did dip 0.51 percent compared to a year earlier. Table game and overall revenue numbers for August 2017 have yet to be released.
The biggest winners and largest losers
The biggest gains in slot machine revenue for August 2017 were reported by the Mount Airy Casino Resort. The Mount Pocono, PA property boasts a 62,000-square foot casino with 1,800 slot machines and table games. It posted more than $13.2 million in slot machine revenues in August 2017. This represented a 6.6 percent increase from the $12.3 million posted in August 2016.
Lady Luck Casino Nemacolin reported the largest drop in August slot machine revenues. The state’s smallest casino property saw slot machine revenues drop 6.12 percent. They went from $2.6 million in August 2016 to $2.49 million this year.