Pennsylvania Casinos Slot Revenue Up, Table Games Soon Incorporated

July 5th, 2010 – by Glen Farmer

As one of the last months until table games are to be added to Pennsylvania’s casinos, June ended on a positive note in terms of gambling revenue. The nine casinos in Pennsylvania have experienced another increase in revenue, showing a significant increase over June of 2009.

An increase of 8.17% was experienced in the month of June. Taxes collected from the slot machines in the Pennsylvania casinos equaled $98,222,005. This money primarily goes to pay for property tax reduction, economic development and expansion, as well as funding for local governments and fire companies.

The average daily tax collection in June of 2010 was about $3.27 million per day.

The cause of increase is potentially due to the fact that the Rivers Casino did not exist in June of 2009. An additional $19.1 million was generated by Rivers Casino. The revenue from the eight casinos that had been operating in June was down 3.42%.

The Meadows Racetrack And Casino had experienced the largest fall of in casino revenue. A decrease from $26.1 million to $20.1 million had occurred, bringing a drop of 22.86% to this casino.

Parx Casino, also known as Philadelphia Park Racetrack, had experienced the largest upswing in gambling revenue. A 7.42% increase had been experienced, which brought the previous year’s revenue of $29.2 million to $31.4 million

Table games are set to be introduced into the casinos in Pennsylvania. These table games are planned to be rolled out on July 18th, with three test dates planned throughout the two weeks previous.

The Pennsylvania Online Casinos are some of the largest growing gambling centers in the United States, and have even been cited as one of the main reasons Atlantic City has been experiencing trouble.

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