Slot machine gaming finished on a positive note for the 2017/2018 fiscal year in Pennsylvania with a slight increase in earnings, boosted by solid June earnings.
This week, the Pennsylvania Gaming Control Board has reported the slot machine statistics for the 2017/2018 fiscal year. Revenues from the gaming category were up 0.7%, when compared to the 2016/2017 fiscal year. The yearly findings were provided with the June figures from the twelve operating casinos in the state.
During the recent fiscal year, slot machine gaming revenues were up for seven out of twelve months, with the total amount coming in at $2,352,320,936. This was an amazing $16 million more than what was earned during the previous fiscal year. Tax revenues for the year came in at $1,192,851,503. The figures are concerning only slot machine games and do not include table gaming totals, which will be reported later on this month.
Breaking Down Yearly Totals
When looking at this fiscal year compared to the last, the biggest gain was seen via the Valley Forge Casino Resort. Earning just over 8% from last year, the casino reported $86 million in yearly earnings. Next in line was the Parx Casino, up 3.66% from the last fiscal year with $400 million in total slot machine earnings. Rivers Casino was also up, 3.35%, with $274 million, slightly higher than the $265 million from the last fiscal year.
On the opposite side, a few gaming venues saw a decrease in slot machine earnings from the previous fiscal year. The biggest drop was seen at the Lady Luck Casino Nemacolin, with $28 million earned this year, compared to the $30 million from 2016/2017. This was a 4.29% decrease. The Meadows Casino saw a drop of 3.85% for the year, moving from $217 million in earnings to $209 million.
Along with the fiscal year reports, the Gaming Control Board also provided information on the June earning totals. During last month, the casinos of the state were able to generate close to 5% more than what was earned during the same month last year. The top earner was the Parx Casino, with a 10.37% increase in earnings, bringing in just over $34 million for the month. The largest percentage increase was seen at the Valley Forge Casino Resort, with an 18% jump for June, with $7.5 million in monthly earnings.
The Presque Isle Downs and Casino was also able to see a nice increase in slot machine earnings, bringing in just over $10 million, a 9.67% increase for June. In total, 10 casinos were able to see an increase in earnings when comparing slot machine totals for June 2017 to June 2018.
Two casinos unfortunately saw a decrease in slot gaming earnings for the month. The biggest drop occurred at the Lady Luck Casino Nemacolin, with $2.3 million in earnings, an 11.78% decrease. The Mohegan Sun Pocono was the second casino to see a decrease in earnings, dropping 3.27% from last year, earning $16.1 million.
Overall, the state saw an increase of 4.90% with slot gaming, bringing up the June totals from $188 million earned in 2017 to $197 million earned last month.
These totals are pretty solid for the state and are only a small portion of what Pennsylvania brought in for the month of June as well as the entire fiscal year. It will be interesting to see how table games stack up when the Board releases those figures in the coming days. The state will be able to earn even more from their gambling industry aside from live gaming once the online casino gaming options launch later on this year.