Clicky

Interest in Slot Machines Decline in Pa. As Revenues Drop - PennsylvaniaCasinos.com News : PennsylvaniaCasinos.com News
revenue-drop
Published on
Update on

The Pennsylvania Gaming Control Board (PGCB) has recently posted the monthly revenue report for the state’s online slot gaming industry and things are not looking so good. In the report, the gaming control board revealed that last month’s gross revenue from the slot machines at the state’s 12 licensed casino operators was $200,359,403 which is a 2.8 percent decrease in revenue from the $206,178,528 generated that was generated by the industry in April 2018.

To make matters, even worse, the revenue drop was despite the fact that the number of slot machines in the state had increased from 25,841 April 2018 to 25,207 last month. Clearly, there is something that is not right.

The state has already begun panicking especially of how vital slot machines are to its economy – the state’s licensed slot machine operators pay a whopping 54 percent of their total slot machine gaming revenue to the state in the form of tax revenue.

For some of the lawmakers, the only way of ensuring that the tax revenue from slot machines increases or, at least, does not decrease is the introduction of even more slot machines. In fact, there is already a new bill that seeks to allow the state’s existing land-based casino operators to operate tradition slot machines at the state’s airports.

Needless, to say, if the state is going to introduce gambling at its airports, then the slot machines are definitely the way to go. This is because the passengers are usually on some rather tight schedules which makes it extremely difficult for them to stop and have at poker games. Slot machines, on, the other hand, are more plausible options for the passengers as they do not require too much of the gamers.

While nothing is promised, there is a huge possibility that, if passed, the bill may be a great way for the state to sustain its slot machine industry which is slowly beginning to show very worrying trends.

A Break Down of Slot Machine Performance by Casino

Casino April 2019 April 2018 % Change
Parx Casino $34,964,478.56 $35,633,140.42 -1.88%
Sands Casino Resort Bethlehem $25,042,571.69 $26,118,869.36 -4.12%
Rivers Casino $24,850,214.80 $23,998,042.62 3.55%
Hollywood Casino at Penn National Race Course $17,601,928.07 $18,589,692.35 -5.31%
The Meadows Casino $17,408,484.91 $17,747,231.61 -1.91%
Mohegan Sun Pocono $16,616,349.91 $17,548,983.38 -5.31%
Harrah’s Philadelphia Casino $16,087,094.78 $17,628,809.46 -8.75%
SugarHouse Casino $15,612,294.53 $15,657,907.11 -0.29%
Mount Airy Casino Resort $11,849,751.56 $12,646,470.36 -6.30%
Presque Isle Downs and Casino $9,867,950.34 $10,223,710.10 -3.48%
Valley Forge Casino Resort $8,249,995.54 $8,071,088.58 2.22%
Lady Luck Casino Nemacolin $2,208,288.21 $2,314,582.17 -4.59%
Statewide Total $200,359,402.90 $206,178,527.52 -2.82%

Latest Headlines

Pennsylvania Welcomes 24th Online Casino as Monopoly Casino Goes Live

Pennsylvania’s booming iGaming market just welcomed a new player to the arena. Monopoly Casino, a new online casino platform operated by Bally’s Corporation, officially launched in the state following full regulatory approval from the Pennsylvania Gaming Control Board (PGCB). Known for its iconic board game origins, the Monopoly brand is now powering a fully licensed […]

Will Pennsylvania Be the Next Esports Betting Hotspot?

Pennsylvania could soon become the latest U.S. state to embrace esports betting, thanks to a newly proposed bill aimed at expanding the state’s regulated wagering market. State Representative Ed Neilson has introduced House Bill 1636, a legislative push that seeks to amend Pennsylvania’s 2017 Gaming Expansion Act to include esports betting. This is Neilson’s second […]

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

New Fanatics Casino App Now Live in Pennsylvania

Fanatics, best known for its sports merchandise empire, has officially launched its standalone online casino app for Pennsylvania players. The new platform allows direct access to casino games without needing to go through the Fanatics Sportsbook, marking a significant step in the company’s expansion into the Keystone State’s growing iGaming market. While the web version […]

Similar Stories in Gambling

Pennsylvania Welcomes 24th Online Casino as Monopoly Casino Goes Live

Pennsylvania’s booming iGaming market just welcomed a new player to the arena. Monopoly Casino, a new online casino platform operated by Bally’s Corporation, officially launched in the state following full regulatory approval from the Pennsylvania Gaming Control Board (PGCB). Known for its iconic board game origins, the Monopoly brand is now powering a fully licensed […]

Pennsylvania Casinos Set for Modernization as Slot Machine Requirements Face Major Overhaul

Pennsylvania’s gaming industry is on the verge of a significant shift as Senate Bill 840 moves closer to becoming law. The bill, which recently passed in the state Senate, proposes reducing the mandatory minimum number of slot machines at Category 1 and 2 casinos from 1,500 to 1,000, offering operators much-needed flexibility to stay competitive […]

PA’s Skill Game Controversy Heats Up with Hundreds of Machines Removed

As it turns out, March was a big month for Pennsylvania’s gambling scene, but not for the usual reasons. Instead of new online casino launches or sportsbook promotions, the spotlight turned to a statewide crackdown on illegal gambling devices. Pennsylvania Attorney General Dave Sunday, in partnership with the Pennsylvania State Police, spearheaded a coordinated sweep […]

New Fanatics Casino App Now Live in Pennsylvania

Fanatics, best known for its sports merchandise empire, has officially launched its standalone online casino app for Pennsylvania players. The new platform allows direct access to casino games without needing to go through the Fanatics Sportsbook, marking a significant step in the company’s expansion into the Keystone State’s growing iGaming market. While the web version […]