February was a win for Pennsylvania casinos’ table games.
According to the February revenue report from the Pennsylvania Gaming Control Board, PA table games brought in $73,757,805, which was an 11.24-percent increase over revenue numbers from February 2017.
Those big gains were needed, though, considering that the same PGCB report noted that gross slots revenue was down for the month.
Valley Forge leads the way
Of the state’s 12 casinos, eight posted year-on-year gains in table games revenue.
Here’s a list of what those gains were:
- 55.10%: Valley Forge Casino Resort
- 37.98%: Rivers Casino
- 30.75%: SugarHouse Casino
- 23.15%: The Meadows Casino
- 20.48%: Lady Luck Casino Nemacolin
- 18.21%: Parx Casino
- 4.84%: Hollywood Casino and Penn National Race Course
- 2.23%: Sands Casino Resort Bethlehem
Parx, SugarHouse, and Rivers anchored the upswing this year, as the three casinos are they were the second, third and fourth-biggest revenue earners for table games.
Rivers’ big gains help them jump Harrah’s for the fourth spot. The Pittsburgh casino was more than $1 million behind the Philly casino in Feb. 2017.
Sands is the state’s biggest table games earner, bringing in more than $18 million in February and outpacing Parx by nearly 40 percent. The casino had the lowest gross revenue increases of the eight casinos that posted positive numbers.
Mount Airy suffers biggest loss
Of the four casinos who posted losses in February as compared to the previous year, Mount Airy felt the sting the most:
- -28.53%: Mount Airy Casino Resort
- -5.86%: Harrah’s Philadelphia
- -2.07%: Presque Isle Downs and Casino
- -1.55%: Mohegan Sun Pocono
In terms of overall revenue, the losses these four casinos suffered weren’t as damaging as they could have been because Mount Airy and Presque Isle had a combined revenue of less than $4 million, which means their losses were quite as damaging.
Big table-games gains offset slots losses
According to the PGCB’s release, slots revenue was down in February but the 11.67 percent gain from table games was able to offset those losses:
“The increase in table games revenue coupled with the earlier reported 1.67 percent decrease in slots revenue for February resulted in an overall gaming revenue increase for the month of 1.64 percent.”
Overall, total gaming revenue in Feb. 2018 was $262,813,999, whereas revenue from Feb. 2017 was $258,571,759.
Other revenue streams set to launch this year
From the state’s perspective, the decrease in overall gambling revenue means less money in their coffers.
Fortunately for Harrisburg, 2018 could prove to be an incredibly profitable one for the state’s budget as well as for Pennsylvania’s 12 casinos.
Applications for iGaming suppliers and manufacturers are live and will be submitted starting April 1. Several casinos in the state have announced partnerships with online operators.
There’s no telling how long a roll-out of online casinos will take but, considering PA lawmakers are pushing to pay off the state’s debts, the sooner they can put the 2017 gambling expansion bill into action, the sooner they’ll get increased tax revenue.
Also of note is the Pennsylvania Lottery’s recent announcement that they’ll be launching online scratchers draw games and Keno this May.