PA Gaming, Sports Betting Revenue Up

As Pennsylvania adds more retail sports books, gaming regulators report increases in both slot and table game revenue in February year-on-year income reports. Profits were slim.

The Pennsylvania Gaming Control Board reported that February revenue from table games and slot machines rose slightly compared to February 2018. It also showed that February revenue, compared to January 2019, for sports betting increased with the opening of two new retail sports books (both in the Valley Forge area) while fantasy sports revenue declined.

Table game revenue for February 2019 was $73,999,311, an increase of 0.3% over February of last year, when revenue was $73,757,805.

The board also reported that when combining February’s table games revenue with the earlier reported increase in February’s slot machine revenue, total gaming revenue increased by 0.4% compared to February 2018.

The report also provides tax revenue from table games play during February in which the total amount was $11,895,418, with an average of 1,280 tables in daily operation statewide. The tax revenue figures reflect amounts generated before any adjustments are made by the Pennsylvania Department of Revenue.

February’s gross revenue from slot machines at the 12 casinos was $189,976,152, a 0.49% increase in revenue when compared to the $189,056,195 generated in February 2018. Tax revenue from the play of slots machines in February of this year was $98,909,238, an amount generated before any adjustments are made by the Pennsylvania Department of Revenue.

The average number of slot machines operating on a daily basis was 25,277 during February 2019 compared to 25,841 at the casinos in February 2018.