<\/p>\n\n\n\n
In March 2019, the Keystone State established a new market record thus setting some rather high expectations for the months that would follow. Unfortunately, things took a rather unanticipated turn in April when the state posted falling gambling revenue.<\/strong><\/p>\n\n\n\n According to figures released by the Pennsylvania Gaming Control Board (PGCB), the state’s 12 casino operators generated combined table game and slot machine revenue of $277.8 million in April. This figure represented a decline of a little over 1 percent when compared to the same month last year. Moreover, it was a significant drop from the $309.2 million that was recorded in March 2019 \u2013 these revenue figures from March also happen to be an all-time high<\/a> for the state.<\/p>\n\n\n\n It is, however, worth noting that the state’s table games’ performance was acceptable, to say the least, and this is because they did quite a lot to keep the April revenue numbers up. Table game revenue actually saw a 3.7 percent year-on-year increases to $77.4 million. Slot machine revenue<\/a>, on the other hand, went down 2.8 percent to $200.4 million. Naturally, this had a significant impact on gaming revenue especially if we consider just how dependent the state’s gaming industry is dependent on slot machines.<\/p>\n\n\n\n There has been a lot of buzz around the state’s sports betting market since it went live late last year. For a while, things seemed to be looking up for the industry but lately, sports betting in the land-based venues is beginning to decline. According to some industry experts, the solution to this problem might be a “digital jump-start” and thankfully the first online sportsbooks in the state are set to go live in the next few weeks<\/a> or so. <\/p>\n\n\n\n All the land-based sportsbooks in Pennsylvania reported\ntotal revenue of $4.22 million in April \u2013 this was a decline of a whopping $1.3\nmillion from March. Clearly, something needs to be done.<\/p>\n\n\n\nThe Slump in Slot Machine and Table Game Revenue<\/h2>\n\n\n\n
\n Casino<\/strong>\n <\/td> \n April 2019<\/strong>\n Total Gaming
\n Revenue<\/strong>\n <\/td>\n April 2018<\/strong>\n Total Gaming
\n Revenue<\/strong>\n <\/td>\n % Change<\/strong>\n <\/td><\/tr> \n Parx Casino\n <\/td> \n $51,259,416\n <\/td> \n $52,128,335\n <\/td> \n -1.67%\n <\/td><\/tr> \n Sands Casino Resort Bethlehem\n <\/td> \n $47,031,211\n <\/td> \n $43,695,442\n <\/td> \n 7.63%\n <\/td><\/tr> \n Rivers Casino\n <\/td> \n $31,294,242\n <\/td> \n $30,471,550\n <\/td> \n 2.70%\n <\/td><\/tr> \n SugarHouse Casino\n <\/td> \n $28,462,036\n <\/td> \n $25,884,105\n <\/td> \n 9.96%\n <\/td><\/tr> \n Hollywood Casino at Penn National Race Course\n <\/td> \n $20,727,328\n <\/td> \n $21,677,320\n <\/td> \n -4.38%\n <\/td><\/tr> \n Harrah’s Philadelphia\n <\/td> \n $20,648,441\n <\/td> \n $24,083,424\n <\/td> \n -14.26%\n <\/td><\/tr> \n The Meadows Casino\n <\/td> \n $19,534,043\n <\/td> \n $21,775,693\n <\/td> \n -10.29%\n <\/td><\/tr> \n Mohegan Sun Pocono\n <\/td> \n $19,285,858\n <\/td> \n $20,785,616\n <\/td> \n -7.22%\n <\/td><\/tr> \n Mount Airy Casino Resort\n <\/td> \n $14,142,806\n <\/td> \n $16,291,240\n <\/td> \n -13.19%\n <\/td><\/tr> \n Valley Forge Casino Resort\n <\/td> \n $11,765,486\n <\/td> \n $10,146,745\n <\/td> \n 15.95%\n <\/td><\/tr> \n Presque Isle Downs and Casino\n <\/td> \n $11,210,451\n <\/td> \n $11,377,257\n <\/td> \n -1.47%\n <\/td><\/tr> \n Lady Luck Casino Nemacolin\n <\/td> \n $2,446,510\n <\/td> \n $2,529,415\n <\/td> \n -3.28%\n <\/td><\/tr> \n Statewide Total<\/strong>\n <\/td> \n $277,807,829<\/strong>\n <\/td> \n $280,846,142<\/strong>\n <\/td> \n -1.08%<\/strong>\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n April Sports Betting Revenue Breakdown<\/h2>\n\n\n\n
\n Sportsbook<\/strong>\n <\/td> \n April Handle<\/strong>\n <\/td> \n April Revenue<\/strong>\n <\/td> \n March Revenue<\/strong>\n <\/td> \n +\/-<\/strong>\n <\/td> \n Taxes<\/strong>\n <\/td><\/tr><\/thead> \n Rivers\n <\/td> \n $8,159,827\n <\/td> \n $871,753\n <\/td> \n $1,344,398\n <\/td> \n -35.2%\n <\/td> \n $313,831\n <\/td><\/tr> \n SugarHouse\n <\/td> \n $7,920,797\n <\/td> \n $781,163\n <\/td> \n $1,237,301\n <\/td> \n -36.9%\n <\/td> \n $281,219\n <\/td><\/tr> \n Parx\n <\/td> \n $6,850,305\n <\/td> \n $907,298\n <\/td> \n $984,339\n <\/td> \n -7.8%\n <\/td> \n $326,627\n <\/td><\/tr> \n Hollywood\n <\/td> \n $3,923,499\n <\/td> \n $361,249\n <\/td> \n $521,864\n <\/td> \n -30.8%\n <\/td> \n $130,050\n <\/td><\/tr> \n Valley Forge\n <\/td> \n $3,050,424\n <\/td> \n $379,731\n <\/td> \n $449,597\n <\/td> \n -15.5%\n <\/td> \n $136,703\n <\/td><\/tr> \n Harrah\u2019s\n Philadelphia\n <\/td> \n $2,718,595\n <\/td> \n $282,740\n <\/td> \n $326,752\n <\/td> \n -13.5%\n <\/td> \n $101,786\n <\/td><\/tr> \n South Philadelphia\n Race and Sportsbook\n <\/td> \n $2,603,808\n <\/td> \n $441,692\n <\/td> \n $534,253\n <\/td> \n -17.3%\n <\/td> \n $159,009\n <\/td><\/tr> \n Valley Forge Race\n and Sportsbook\n <\/td> \n $1,541,891\n <\/td> \n $195,856\n <\/td> \n $120,836\n <\/td> \n +62.1%\n <\/td> \n $70,508\n <\/td><\/tr> \n Totals<\/strong>\n <\/td> \n $36,769,145<\/strong>\n <\/td> \n $4,221,482<\/strong>\n <\/td> \n $5,519,340<\/strong>\n <\/td> \n -23.5%<\/strong>\n <\/td> \n $1,519,734<\/strong>\n <\/td><\/tr><\/tbody><\/table>\n","protected":false},"excerpt":{"rendered":"In March 2019, the Keystone State established a new market record thus setting some rather high expectations for the months that would follow. Unfortunately, things took a rather unanticipated turn in April when the state posted falling gambling revenue. The Slump in Slot Machine and Table Game Revenue According to figures released by the Pennsylvania […]","protected":false},"author":5,"featured_media":837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[21,80,97,106,108,113],"class_list":["post-836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-casinos","tag-pgcb","tag-revenue","tag-slots","tag-sports-betting","tag-table-games"],"acf":[],"yoast_head":"\n