May was a decent month for PA casinos with revenues pretty much holding steady across the board.
In fact, the Pennsylvania Gaming Control Board (PGCB) reported a slight increase in combined table game and slots revenues for the state’s 10 stand-alone and racetrack casinos and two smaller resort casinos. As a result, combined total gaming revenues were up 0.43 percent from $277.7 million in May 2017 to $278.9 million last month.
Statewide table game revenues were up 0.6 percent from $74.4 million in May 2017 to $74.9 million last month. Additionally, statewide slot revenues were up 0.37 percent from $203.2 million in May 2017 to $203.99 million in May 2018.
More than $118 million in taxes
The state collected more than $118 million in taxes from the casinos. A little over $106 million of that came from the 25,840 slot machines operating at Pennsylvania casinos. Another $12,058,720 came from the 1,271 table games in operation.
Parx Casino in Bensalem held on to its spot as the states top revenue generating casino. It posted total gaming revenues of $51.7 million, up 7.11 percent from the same month last year.
Sands Casino Resort Bethlehem continued to post second-place numbers, despite seeing total gaming revenues decline 3.3 percent from $48.2 million in May 2017 to $46.6 million last month.
Valley Forge Casino Resort saw the biggest percentage increase in revenue from last May. In fact, the King of Prussia casino saw a 25.18 percent increase in total gaming revenues from $9.3 million in May 2017 to $11.7 million last month.
The Philadelphia-area casino paid $1 million to the state to eliminate it’s $10 resort fee for customers at the end of last year. It has seen traffic at the property and revenues climb substantially ever since.
PA casino movers and shakers:
Four of 12 PA casinos saw increases in total gaming revenue in May 2018, including:
- Valley Forge Casino Resort: Up 25.18 percent
- Parx Casino: Up 7.11 percent
- Rivers Casino: Up 5.08 percent
- Presque Isle Downs and Casino: Up 1.33 percent
Unfortunately, the other eight open and operating casinos in the state all saw revenue declines in May.
Mount Airy Casino Resort reported the biggest revenue drop. It saw revenues decline 9.62 percent from $17.2 million in May 2017 to $15.5 million last month.
Here’s a look at the eight PA casinos reporting revenue declines in May 2018:
- Mount Airy Casino Resort: Down 9.62 percent
- Lady Luck Casino Nemacolin: Down 8.62 percent
- SugarHouse Casino: Down 4.94 percent
- Harrah’s Philadelphia: Down 3.35 percent
- Sands Casino Resort Bethlehem: Down 3.31 percent
- Mohegan Sun Pocono: Down 1.47 percent
- Hollywood Casino at Penn National Race Course: Down 1.03 percent
- The Meadows Casino: Down .04 percent
Below is a pie chart examining May 2018 PA casino market share courtesy of PlayPennsylvania.com:
Additionally, here is a complete May 2018 PA casino revenue analysis also courtesy of PlayPennsylvania.com: