The nine casinos in August 2009 generated $186,936,232 in gross revenue compared to $156,052,262 in August 2008 when seven casinos were in operation. Taxes in August, based on the 55% rate, were $102,789,443, an average of $3.32 million per day returned to Pennsylvania taxpayers. The casinos collectively retained $84,146,789.07 of the gross revenue for the month.
Board Chairman Greg Fajt says the ability for the Commonwealth to bring two more casinos online over the past three months contributed to this continued increase.
"With the opening of both the Sands Casino Resort Bethlehem and the Rivers Casino in Pittsburgh during the summer, tax revenue from slot play that is earmarked toward lowering property taxes for our homeowners is accelerating," says Fajt.
shown above: casino interior at The Sands, Bethlehem
Fajt also notes that the opening of these two casinos created 2,045 new jobs, with the vast majority going to Pennsylvania residents.
"In a period where Pennsylvania has lost a tremendous amount of jobs, legalized gaming has been a job creation bright spot now employing over 8,000 individuals with an additional 8,000 construction jobs created to build these facilities," Fajt says.
Fajt adds that the Board will continue to work over the next two years to open the two licensed Philadelphia casinos and license two other facilities allowed under the Gaming Act that will result in continued increases in both revenue and job numbers.
The overall increase in revenue occurred even though the amount of gross revenue generated in August 2009 through the play of slot machines at the seven casinos that were also operating in August of the previous year declined -3.54%.
Comparative gross terminal revenue for each of the casinos operating in both August 2008 and August 2009 are as follows:
Casino August 2009 August 2008 % change
Philadelphia Park Casino and
Racetrack $30,312,468.47 $31,587,159.80 -4.04%
Harrah's Chester Casino and
Racetrack $25,709,960.86 $28,831,904.85 -10.83%
The Meadows Racetrack and
Casino $25,445,174.17 $22,000,654.39 15.66%
Hollywood Casino at Penn
National Racecourse $20,365,617.89 $18,416,204.34 10.59%
Mohegan Sun at Pocono Downs $19,287,503.53 $20,285,457.66 -4.92%
Presque Isle Downs and
Casino $14,954,500.48 $17,037,448.14 -12.23%
Mount Airy Resort and Casino $14,460,453.24 $17,893,433.35 -19.19%
The Sands Casino Resort
Bethlehem opened May 22, 2009 $20,235,659.16 -- --
Rivers Casino
opened August 9, 2009 $16,164,894.62 -- --
Total $186,936,232.42 $156,052,262.53 19.79%
The average number of operating slot machines at these facilities was 16,794 in August 2008 and 24,329 in August 2009.
The Gaming Control Board provides weekly updates of casino revenue on its web site, www.pgcb.state.pa.us. In addition, videos and information on the operation of the PGCB, problem gambling efforts and assistance, future meeting schedules and past meeting transcripts, and a link to request a speaker are among the many items available to the public on the web site.
SOURCE Pennsylvania Gaming Control Board
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