After a period of unprecedented growth, the Pennsylvania casino industry saw revenue drop nearly five percent in August compared to August of 2015.
Pennsylvania remains on pace to break the casino revenue record it set last year. The industry saw growth in July, and in 10 of the past 11 months.
Lady Luck Nemacolin is up for its casino license renewal when the Pennsylvania Gaming Control Board holds a hearing next month.
Casinos in the Pennsylvania will be paying more tax on tables game revenue from now on, while online gambling remains on track to be passed this fall.
Pennsylvania’s casinos posted their best fiscal year revenue tally to date, but total casino revenue was slightly down for the month of June.
Pennsylvania’s 12 casinos saw a small uptick in revenue in May. The industry remains on pace to have its best year in its 10-year history.
Coming off a record-setting month in March, the Pennsylvania casino industry showed no signs of slowing down in April with record revenues.
A new report suggests that Pennsylvania land-based casinos should expect revenue decline, even as the state of PA looks to pass online gambling legislation.
The Pennsylvania legislature would like to be ready to offer legal sports betting, if and when it is allowed at the federal level.