Slots Machine Revenue at Pennsylvania Casinos Up Over 5% in January
The Pennsylvania Gaming Control Board has posted on its website the monthly report for total gross revenue and tax revenue generated from the play of slot machines at casinos during January.
According to the report, gross revenue from slot machines at the 12 casinos rose 5.3% in January of this year to $180,963,004 compared to the $171,786,456 in gross revenue that was generated in January 2014.
Tax revenue in January of this year was $96,476,806.
The average number of slot machines operating throughout Pennsylvania was 26,355 in January 2015 compared to 26,606 in January 2014.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 and is tasked to oversee all aspects of the state's casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two resort casinos. These facilities collectively employ over 17,700 people and generate an average of $3.7 million per day in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners with additional tax revenue going to the horse racing industry, economic development projects, fire companies, county fairs, water and sewer projects, the Commonwealth's General Fund, and to local governments that host casinos.
Additional information about both the PGCB's regulatory efforts and Pennsylvania's gaming industry can be found at www.gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.