Record slots revenue reported in state, but down at Mohegan Sun in 2012
February 20. 2013 12:36AM
While many players were losers, the casinos and the state‚??s coffers hit the jackpot.
PGCB Chairman William H. Ryan, Jr. said tax revenue generated from the play of slots during 2012 was more than $1.3 billion. The first slot machines began operating in the Commonwealth in November 2006.
‚??While competition for gaming dollars from bordering states will continue to escalate, the revenue results from legalized casino gaming in Pennsylvania continue to be strong,‚?Ě Ryan said. ‚??In addition, a healthy casino industry has resulted in the employment of more than 16,000 persons, stability in the Commonwealth‚??s horse racing industry, funds for major economic development and community-based projects, and property tax relief for all Pennsylvania homeowners.‚?Ě
The year-to-year increase in slot revenue was buoyed by big gains at two of the state‚??s casinos -- Sands Casino Bethlehem and Sugarhouse Casino in Philadelphia -- and by the opening of the state‚??s 11th casino, the Valley Forge Casino Resort.
Locally, Mohegan Sun at Pocono Downs in Plains Township, which became the state‚??s first slot parlor when it opened in 2006, was one of four casinos to see a decrease in slot machine gross revenue. It saw a decrease of 0.27 percent year-to-year dipping from $232.8 million in gross revenue at slot machines 2011 to $232.1 million last year.
Presque Isle Downs and Casino in Erie saw slot machine gross revenues drop the largest, at 9.67 percent decrease; Harrah's Philadelphia Casino and Racetrack in Chester saw slot machine gross revenues drop 3.1 percent; while Hollywood Casino at Penn National Race Course in Grantville reported 1.97 percent lower gross revenues.
The big gainer was the SugarHouse Casino along the Delaware River in Philadelphia. It saw an 11.24 percent increase going from $170.9 million in 2011 to $190.1 million in 2012.
Read the complete story in Friday‚??s Times Leader.