PA slot revenues see double-digit increase
The amount of gross revenues generated at in April 2009 through the play of slot machines at the seven Pennsylvania casinos rose 13.76% over the previous year, according to figures released by the Pennsylvania Gaming Control Board.
The PA casinos generated $150,658,363 in gross revenues last month compared to $132,433,621 in April 2008. Tax collections by theCommonwealth on that amount last month were $82,862,100, an average of$2.76 million per day. The casinos' collective take of the gross revenues for the month was $67,796,263.
For the first 10 months of the state fiscal year, slots tax revenues are up 26.2% compared to the previous year, or $775,770,962 in 2008/09 compared to $614,873,716 in the same period in the 2007/08 fiscal year. Operators' take thus far in the fiscal year is $634,721,695.
The average number of operating slot machines at these facilities was 15,022 in April 2008 and 17,350 in April 2009.
The monthly increase occurred in spite of one facility, the Meadows Racetrack and Casino, operating with substantially less machines for the first half of the month and even closing for one day as it transitioned from its temporary to new permanent facility.
Board Chair Mary DiGiacomo Colins says the dedication of the agency to work with licensed operators to both open and expand in a measured, focused manner is paying significant dividends back to Pennsylvanians.
"The success of regulated gaming can be seen by how the numbers are exceeding projections, even as the economy struggles," says Colins. "With the planned opening of another major project in a couple of weeks, the Sands Casino Resort in Bethlehem, we will see continued growth in both revenues and news jobs in the months to come."