Pennsylvania’s casinos generated more revenue during the 2015/2016 fiscal year than in any previous fiscal year, according to data recently released by the Pennsylvania Gaming Control Board.
According to the PGCB, total revenue (slot machines and table games) was up 3.6 percent, as the state’s 12 casinos generated a total of $3,227,835,876 between July 1, 2015 and June 30, 2016.
The breakdown for slot revenue and table game revenue during FY2015/2016 is as follows:
- Total slot revenue: $2,388,658,549
- Total table game revenue: $839,177,086
Table game revenue hit an all-time high in FY2015/2016. (Pennsylvania first legalized table games in 2010).
On the other hand, slot revenue was up year-over-year, but fell short of the high-water mark set in FY2011/2012, when Pennsylvania’s casinos tallied $2,476,775,317 in slot revenue.
The strong FY numbers took some of the attention away from the slightly disappointing June numbers the industry posted.
For the first time since August of 2015, Pennsylvania’s casino industry saw year-over-year revenue dip, ending a nine-month streak of YoY growth. The good news is, it wasn’t a bad month by any stretch of the imagination. The industry experienced just a 0.2 percent decline in June of 2016 compared to June 2015, as table game revenue rose, while slot revenue dipped.
For the month of June, the state’s casinos saw table game revenue rise 2.15 percent in June, while slot revenue was down 1.08 percent, year-over-year.
A look inside the YTD revenue numbers
Here is a look at the monthly year-to-date revenue tally for Pennsylvania’s casinos:
- January 2016 GGR -$255,905,078 (+3.6%)
- February 2016 GGR – $268,354,231 (+8.6%)
- March 2016 GGR – $289,167,505 (+4.2%)
- April 2016 GGR – $281,206,497 (+3.9%)
- May 2016 GGR – $280,194,999 (+.80%)
- June 2016 GGR – $258,423,105 (-0.2%)
Historical look at casino revenue in Pennsylvania
- 2006: $31,567,926
- 2007: $1,039,030,723
- 2008: $1,615,565,758
- 2009: $1,964,570,480
- 2010: $2,486,408,061 (table games introduced)
- 2011: $3,024,772,959
- 2012: $3,158,317,863
- 2013: $3,113,928,591
- 2014: $3,069,077,597
- 2015: $3,173,787,012
A casino by casino look at the numbers
- Slot revenue, June 2016: $24,063,352.40 (+0.74%)
- Table game revenue, June 2016: $19,093,476 (+8.84%)
For the second consecutive month, Sands is at the top of the revenue charts in Pennsylvania. Sands posted year-over-year increases in slot and table game revenue in June, allowing the casino to maintain a slight edge over its chief rival Parx.
- Slot revenue, June 2016: $30,882,060.44 (+2.45%)
- Table game revenue, June 2016: $12,222,406 (-2.34%)
Parx’s slot revenue saw solid year-over-year growth on the strength of a solid increase in handle. But a slight decline in table-game revenue kept the casino from overtaking Sands as the top revenue-generating casino for the month.
- Slot revenue, June 2016: $14,925,512.77 (+8.61%)
- Table game revenue, June 2016: $10,145,531 (+17.42%)
Proving that their lengthy, and costly expansion project was worth it, the growth trend for SugarHouse continued in June, as the Philadelphia-based casino posted significant year-over-year gains in slot and table game revenue.
- Slot revenue, June 2016: $20,834,516.12 (-8.56%)
- Table game revenue, June 2016: $5,384,393 (-2.53%)
SugarHouse’s sister casino, Rivers Casino in Pittsburgh, followed up a bad showing in May with an even worse showing in June. Slot revenue was down a whopping 8.5 percent in June, overshadowing the 2.5 percent decline the casino’s table games suffered.
- Slot revenue, June 2016: $16,480,445.85 (-5.32%)
- Table game revenue, June 2016: $5,145,051 (-2.31%)
With SugarHouse on the ascent, nearby Harrah’s continues to be one of the hardest hit casinos.
Harrah’s revenue continued to slide in June, as its parent company is fighting through bankruptcy restructuring. It’s unlikely the casino will be able to invest in the marketing and promotional campaigns needed if it plans on turning around its fortunes in the coming months.
Mohegan Sun at Pocono Downs
- Slot revenue, June 2016: $17,583,006.14 (-0.39%)
- Table game revenue, June 2016: $3,635,374 (-1.17%)
In a down month for the industry, Mohegan Sun will probably be pretty happy with its relatively stagnant June numbers. Mohegan Sun managed to hold steady, as slot and table game revenue ticked down ever so slightly.
Mount Airy Casino Resort
- Slot revenue, June 2016: $11,670,701.54 (+1.34%)
- Table game revenue, June 2016: $3,074,252 (-12.24%)
The table game decline for Mount Airy was mitigated by a slight increase in slot revenue, resulting in just a small YoY decline in total casino revenue.
Valley Forge Casino Resort
- Slot revenue, June 2016: $6,063,468.05 (-4.40%)
- Table game revenue, June 2016: $2,973,908 (-5.11%)
Declining slot and table game revenue nearly caused Valley Forge to fall below the $10 million threshold in June; a threshold it has historically been on the wrong side of and only recently passed.
The Meadows Casino
- Slot revenue, June 2016: $17,891,657.66 (-1.52%)
- Table game revenue, June 2016: $2,211,263 (-13.55%)
Meadows Casino was one of many Pennsylvania casinos that saw both slot revenue and table game revenue decline in June. The others were Hollywood Casino, Valley Forge Casino, Mohegan Sun, Harrah’s Philadelphia, and Rivers Casino.
Meadows, one of the top slot casinos in the state (the casino posted the fourth highest slot revenue total in the state in June), continues to lag behind its competitors when it comes to table games.
Presque Isle Downs and Casino
- Slot revenue, June 2016: $10,055,690.95 (-2.01%)
- Table game revenue, June 2016: $1,374,560 (+18.21%)
The 18 percent jump for Presque Isle in table-game revenue helped offset the casino’s two percent dip in slot revenue.
Hollywood Casino at Penn National
- Slot revenue, June 2016: $17,030,371.52 (-2.65%)
- Table game revenue, June 2016: $2,620,670 (-13.24%)
Another down month for Hollywood Casino saw total gaming revenue dip below the $20 million mark. By comparison, in June of 2015, Hollywood generated $20.5 million in total casino revenue.
Lady Luck Casino Nemacolin
- Slot revenue, June 2016: $2,495,907.00 (-6.23%)
- Table game revenue, June 2016: $565,532 (22.45%)
The state’s smallest casino had an up-and-down month, as slot revenue plummeted while table-game revenue soared. In the end, Lady Luck saw total casino revenue dip year-over-year.