Pennsylvania Casino Revenue Up For Fiscal Year, But Down In June
July 22, 2016Pennsylvania’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 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.
With or without online gambling, Pennsylvania casinos are doing very well, posting a record month in terms of revenue in March thanks to table games gains.
Pennsylvania’s 12 land-based casinos are on pace for another record-setting year, thanks to some very strong February revenue numbers.
After both Pennsylvania and New York have taken their time in considering online poker, there may be a sprint to the finish for bills in the two states.