A nine-month streak of year-over-year growth came to an end in June by the smallest of margins, when Pennsylvania’s casino posted a .2 percent drop in gross gaming revenue. But the downward streak has already come to an end.
Following the microscopic downtick in June, the state’s 12 casinos turned things around in a big way during the month of July, with the industry as a whole up nearly three percent YoY.
The latest revenue report issued by the Pennsylvania Gaming Control Board shows total casino revenue of $288,451,402 in July. Table game revenue was up 8.5 percent YoY, and slot revenue also ticked up, but by the more modest amount of 1.1 percent.
- July 2016 slot machine revenue: $213,423,773.92 (+1.14%)
- July 2016 table game revenue: $75,027,628 (+8.47%)
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%)
- July 2016 GGR – $288,451,402 (+2.95%)
Historical look at casino revenue in Pennsylvania
Pennsylvania is currently on pace to have its best year to date. The previous high-water mark was set last year when the state’s casinos tallied $3.17 billion.
- 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: $27,727,848.10 (+1.83%)
- Table game revenue, June 2016: $21,148,923 (+11.99%)
Sands saw total casino revenue rise nearly six percent in July, with table game revenue up almost 12 percent (Sands is already far and away the top casino for table games in Pennsylvania), and slot revenue up close to two percent.
- Slot revenue, June 2016: $33,663,936.46 (+.70%)
- Table game revenue, June 2016: $14,015,295 (+12%)
Sands may be winning the battle for the top spot, but Parx is nipping right on its heels. Revenue at Parx was up 3.78 percent in July, with a 12-percent jump in table game revenue responsible for the bulk of the increase.
- Slot revenue, June 2016: $15,787,296.23 (+4.48%)
- Table game revenue, June 2016: $9,276,205 (+33.56%)
SugarHouse Casino had a terrific July.
The casino saw revenues increase nearly 14 percent year-over-year, and broke through the $25 million ceiling for the first time. As impressive as those numbers were, it was the 33 percent jump in table game revenue that really catches the eye, and it looks like SugarHouse is poised to become a table-game juggernaut.
A massive renovation project seems to be paying off in big ways for the Philadelphia casino, and if slot revenue continues to rise (SugarHouse has one of the lowest slot handles in the state) it could jump out of the trail pack and compete with Parx and Sands.
- Slot revenue, June 2016: $23,930,891.68 (-1.69%)
- Table game revenue, June 2016: $5,470,591 (-4.08%)
Rivers Casino in Pittsburgh is the third-highest grossing casino in the state despite a small YoY decline in total casino revenue. Slot revenue fell for the second straight month, but July’s drop-off was nowhere near the over eight percent decline the casino suffered through in June.
- Slot revenue, June 2016: $18,098,428.66 (-2.3%)
- Table game revenue, June 2016: $6,030,739 (+9.99%)
After slipping down the revenue charts for several months, Harrah’s finally turned in a positive month in July.
While it’s nothing to write home about (the casino only posted a .5 percent increase in revenue) the stabilization is a good sign for Harrah’s, considering the casino has been on a downhill trajectory ever since SugarHouse began to rise.
Mohegan Sun at Pocono Downs
- Slot revenue, June 2016: $19,418,825.76 (+2.13%)
- Table game revenue, June 2016: $4,575,540 (-1.01%)
A slight uptick in gross gaming revenue has Mohegan Sun right in the middle of the trail pack that is in constant pursuit of Parx and Sands.
Mount Airy Casino Resort
- Slot revenue, June 2016: $13,919,806.87 (+2.93%)
- Table game revenue, June 2016: $3,518,373 (-17.04%)
Table game revenue at Mount Airy has been plummeting over the past two months (down 17 percent in June and now 12 percent in July), which is certainly something to keep an eye on going forward.
This seems to be a problem afflicting multiple Pennsylvania casino properties.
Valley Forge Casino Resort
- Slot revenue, June 2016: $6,610,723.61 (-3.42%)
- Table game revenue, June 2016: $3,778,516 (+19.8%)
Valley Forge put together a solid July.
The small “resort” casino (which means something entirely different in Pennsylvania than it does anywhere else in the country) ticked back above the $10 million mark last month thanks to YoY growth of nearly four percent.
The Meadows Casino
- Slot revenue, June 2016: $20,466,041.65 (+3.02%)
- Table game revenue, June 2016: $2,696,061 (-15.29%)
Meadows held relatively steady in July, posting a modest YoY revenue increase of .5 percent. Interestingly, Meadows is suffering from the same malady as Mount Airy, as table-game revenue was down 13.5 percent in June and 15 percent in July.
Presque Isle Downs and Casino
- Slot revenue, June 2016: $11,481,979.62 (+2.76%)
- Table game revenue, June 2016: $1,242,125 (+24.18%)
July was a very nice month for Presque Isle thanks to a nearly 25 percent surge in table-game revenue. Coupled with a nearly three-percent increase in slot revenue, Presque Isle’s total casino revenue jumped over 4.5 percent.
Hollywood Casino at Penn National
- Slot revenue, June 2016: $19,204,924.61 (+1.42%)
- Table game revenue, June 2016: $2,885,881 (-5.19%)
Hollywood Casino posted a modest YoY increase of .5 percent. The casino continues to rely almost exclusively on slot revenue.
Lady Luck Casino Nemacolin
- Slot revenue, June 2016: $3,113,070.67 (+3.26%)
- Table game revenue, June 2016: $389,379 (-1.23%)
Revenue at Lady Luck ticked up in July, as the casino’s $3.1 million in total casino revenue represents a nearly three-percent jump over July of 2015.