Pennsylvania Casinos Fare Well in March

Pennsylvania

PennsylvaniaThe month of March was certainly a good one for casinos in Pennsylvania. The state was able to see their very first ever $300m+, which is quite a feat considering the casino industry has been in business for fourteen years. In total, gaming revenues came in at $300,516,011 which is a 3.79% increase year over year. Slot revenue totals were up 5.41% with $221,350,220.10 in earnings. Table games did see a slight decrease for the month at .48%, with $79,165,791 million in earnings.

Individual Breakdown

With twelve casinos in operation, nine were able to see a year over year gain when reviewing March figures. Three of that number were actually able to see a percentage increase in the double digits. Leading the charge was Rivers Casino, who saw an 11.08% increase. Not far behind was the Presque Isle Downs and Casino, a venue with an 11.02% increase for the month. Also, in the double digits was Valley Forge Casino Resort, who had an increase in earnings by 10.54%.

The remaining casinos saw an increase for the month of March:

Parx Casino                                                      9.90%

The Meadows Casino                                    4.07%

Mohegan Sun Pocono                                  4.06%

SugarHouse Casino                                        3.62%

Lady Luck Casino Nemacolin                       2.31%

Hollywood Casino at Penn National          1.75%

Out of the twelve casinos, three saw slight decreases in revenues for the moth. The biggest loss was seen at Mount Airy Casino Resort, where the revenues came in 5.88% lower than 2017 numbers. Sands Casino Resort Bethlehem was next in line, with a 3.31% decrease. Harrah’s Philadelphia also saw a decrease in earnings with a 1.15% loss.

Total Revenue Earnings:

Casino March 2018
Parx Casino $54,635,233
Sands Casino Resort Bethlehem $46,770,619
Rivers Casino $33,546,172
SugarHouse Casino $28,705,735
Harrah’s Philadelphia $24,767,142
Hollywood Casino at Penn National Race Course $23,696,663
The Meadows Casino $23,442,457
Mohegan Sun Pocono $22,749,633
Mount Airy Casino Resort $15,497,865
Presque Isle Downs and Casino $11,892,259
Valley Forge Casino Resort $11,575,606
Lady Luck Casino Nemacolin $3,236,628

Only Going to Get Bigger

The gambling industry in Pennsylvania is only going to get bigger over the next year as satellite casinos are created along with the launch of online casino and poker gaming. So far, the state has provided five licenses for satellite casinos. As many as ten may be offered, but auctions to provide such licensing seem to have stalled as operators are not attending to bid. Even is the licensing process stops here, with five new venues, more gaming revenues will be generated for the state.

Online gaming is set to begin this year as well which will bring in even more funds. The licensing process is just now starting with applications being accepted beginning this month. Operators can offer online slot games, table games and poker, paying $10 million for licensing for all three options or choosing individual licensing at $4 million per category.

The Pennsylvania Gaming Control Board has only just recently completed the process of creating regulations for online gaming and opened up the licensing process. It is unclear as to who will be involved in the new industry and what each interested operator will be offering. All eyes are on the state though as they are the first to offer such iGaming options since 2013. It is long past time that another state jumps into the fray with New Jersey, Delaware and Nevada.