Slot Revenues Finally Rise in Pennsylvania
After months of disappointing revenue numbers, slot games finally saw an increase in revenue in September.
In Pennsylvania, casino operators have been able to do well when it comes to table games. However, slot machines have not been producing. Over the past year, slot revenues have continued to be disappointing and have hurt the bottom line of the 12 casino venues in operation within the state. However, for September, the revenue reports show that slot games have managed to see an increase in revenues, a nice turn of events for the industry.
September 2017 Revenue Numbers
Table game revenues continue to climb in Pennsylvania with September seeing a 10% increase. In August, the table games of the state increased in revenue numbers by 11%. In total, table games brought in $75,609,372 for September. As far as slots are concerned, the total came in at $195,396,966.03 which is an increase of 1.69%. While the increase is small, it is a welcome change from the consistent decreases the state has seen over the past twelve months.
For eleven months running, casinos of the state saw a decline in slot revenue numbers. Now that September has done well, does this mean Pennsylvania slot gaming is turning around? Since October of last year, the state has seen a decline with as much as a 6% decrease to just under 1% for the months within this time frame. With August showing a slight 0.39% decrease it seems the past two months have been a turnaround for the state and hopefully slot machines will join the table games and continue to see an increase in earnings in the coming months.
Breaking It Down by Casino
For September, ten of the twelve gaming venues of Pennsylvania were able to see an increase for the month. For three months running, Mount Airy Casino was the top gaming venue when it comes to an increase in earnings percentage. Mount Airy Casino was up 8.69% for September, followed closely by the Rivers Casino who saw an increase of 8.02% in earnings for the month.
The following casinos also saw increases in earnings for September:
- Sands Casino Resort Bethlehem
- Lady Luck Casino Nemacolin
- Valley Forge Casino Resort
- SugarHouse Casino
- Parx Casino
- Harrah’s Philadelphia
- Hollywood Casino at Penn National Race Course
- The Meadows Casino
Two casinos of the state saw a dip in revenues for the month; the Presque Isle Downs and Casino and the Mohegan Sun Pocono. Presque Isle Downs saw a decrease in earnings of 3.37% while the Mohegan Sun Pocono was down 3.56%.
Since Mount Airy was at the top percentage wise, it’s interesting to note that the venue’s increase was majorly attributed to the slot machine earnings. Slot revenues came in at just over $13 million and this was an increase in earnings of 11.4%.
The Sands Bethlehem Casino was able to see a big increase in table game earnings for the month with $22,688,379 earned for the month. This is an increase of over 16%. Harrah’s Philadelphia also saw a huge increase in table game revenues for the month with an increase of more than 19%. The Meadows Casino was also successful with table game earnings, with a more than 21% increase in revenues totaling $2,465,264.
It will be interesting to watch over the coming months as the revenue numbers come in, if the state is able to keep up an increase in slot earnings or if the month of September was a fluke month. Operators are hoping that the increases will continue and that the slump will finally be over.