Slot Machine Revenue Fuels Growth in Pennsylvania Gaming - News : News
Published on
Update on

The Pennsylvania Gaming Control Boards (PGCB) just recently wrapped up its fiscal year at the end of June during which they reported that slot machine revenues at the state’s 12 operating casinos were up $16 million throughout the 2017/2018 fiscal year – this compared to the previous fiscal year is a 0.7 percent increase and marks the eighth consecutive year with slot machine revenue over $2.3 billion.

According to the board’s press release, slot machine revenue was up in 7 of 12 months during the just-concluded fiscal year, inclusive of June 2018 when slot machine revenues increased by 4.9 percent from $188.5 million in 2017 to $197.7 million in 2017.

Big Win for the State

Pennsylvania boasts of one of the highest tax rates on slot revenue in the United States – a whopping 54 percent – and owing to this, the state certainly turned out to be the biggest beneficiary of the thriving slots machine industry. As reported by the PGCB, the Keystone State accrued close to $1.2 billion from slot machine revenue in the 2017/2018 fiscal year.

Since November 2006, when the first gambling facility opened in the Commonwealth, the Pennsylvania slots industry has generated $24.8 billion in revenues and $13.3 billion in taxes. According to the PGCB, Pennsylvania’s 12 operating casinos generate about $1.4 billion in tax revenue every year. This could increase with the number of slot machines in operation throughout the state – the number has already jumped from 25,685 in 2017 to 25,737 in 2018. This might be a fairly small number but it could certainly contribute to significant revenue bumps.

Parx Casino Still Leads

As always, Parx Casino yet again blazed the trail for the other casinos as far as slot machine revenue is concerned.  During the 2017/2018 fiscal year, Parx Casino generated a whopping $400,733,138 in slot machine revenue. This not only represented a 3.66 percent increase in the revenue it generated in the 2016/2017 fiscal year but was also $100 million higher than what any of the remaining 12 Pennsylvania casinos generated within the same period – in fact, no other casino was able to raise more than $300 million in slot machine revenue.

Valley Forge Surges Ahead

Even though it fell so much behind Parx Casino in terms of slot machine revenue, Valley Forge Casino Resorts proved to be no slouch by posting the highest increase in slots revenue. Valley Forge generated $86,686,698 in slot revenue in the 2017/2018 fiscal year – an impressive 8.05 percent increase from the amount it generated in the 2016/2017 fiscal year.


This rise in revenue, however, came as no surprise especially after the casino operator paid $1 million to the state in late 2017 in order to do away with the $10 resort fee for customers. This move has since resulted in increased traffic and a pretty significant revenue bump for the Philadelphia area casino

Latest Headlines

PokerStars Pennsylvania Adds New Home Game Feature

Back in January 2011, PokerStars began experimenting with a Home Game features in a number of jurisdictions across the world. In the United States, this was only available for a limited period of time since its launch was closely followed by a countrywide crackdown on illegal online gambling. PokerStars was one of the casualties of […]

Rush Street Interactive Partners with Scientific Games for Pa.

Rush Street Interactive which is one of the most accomplished gambling operators in the United States has recently inked a lucrative partnership with global gaming solutions provider Scientific Games. The partnership is primarily geared toward providing top-notch gaming services to the nascent but rapidly growing online gaming market in the Keystone State. That said, customers […]

Penn National Gaming to Furlough 26K Workers and Sell Tropicana

On March 27, renowned gaming operator Penn National Gaming Incorporated announced that it would be implementing additional measures in a bid to mitigate against the impacts of the COVID pandemic. The company’s management stated that the moves were unavoidable particularly because of the uncertainty regarding when things will go back to they were. Therefore, there […]

Pennsylvania’s Online Gambling Revenue to Surge in March

The global gambling industry is one of the sectors that is feeling the pinch due to the effects of the global COVID-19 pandemic. In the Keystone State, things are no different with several retail gambling destinations having closed down temporarily as parts of the efforts to contain the spread of the virus. Even so, online […]

Pennsylvanian Man Wins Massive Jackpot While Self-Isolating

The COVID-19 pandemic is still here with us and most land-based casinos have already shut down their businesses. In Pennsylvania, efforts to contain the spread of the virus have become quite aggressive with calls for the shutdown of most social spaces including the casinos. Now, gamers have had to stay at home and this has […]

Similar Stories in Gambling

Pennsylvania Gambling Regulator Releases February Revenue Figures

On Wednesday, the Pennsylvania Gaming Control Board (PGCB) released the February revenue figures for the state’s gambling industry. Needless to say, the state has one of the most lucrative betting industries in the United States and this has been proven by all the previous revenue reports. According to the state gaming regulator, the existing 12 […]

Pennsylvania Casinos Begin Closure Due to Coronavirus

As the recent coronavirus outbreak continues to spread across the globe, the United States is beginning to feel the pinch. A number of changes have already been implemented in a bid to deal with the issue. In Pennsylvania, one of the ways that are being used to combat the spread of the virus is the […]

Wind Creek Casino Bethlehem Welcomes New General Manager

Nine months after it acquired a casino in Bethlehem, Wind Creek Hospitality is shaking up the property’s leadership as part of a slew of changes that are set to be implemented. Brian Carr, the former Executive Vice President and General Manager of the property is leaving after leading the Bethlehem-based casino since mid-2017. Appointed to […]

Harrah’s Philadelphia Inks New Deal with the Philadelphia Eagles

As sports betting in the United States continues to expand, more sports teams continue to warm up to the activity. A number of lucrative partnerships have been inked in order to capitalize on the rapidly growing industry. Last Monday, Harrah’s Philadelphia Casino and Racetracks announced that it has entered into a partnership with the National […]