A $16m year-on-year increase in slot machine revenue has been reported by the Pennsylvania Gaming Control Board, representing a 0.7 per cent rise to $2.35bn for the 2017/18 fiscal year compared to its previous entry.
Gathering such data since the first casino opened in the state in November of 2006, this marks the eighth consecutive year that revenues from slot machines has exceeded the figure of $2.3bn.
For 2006/07, which represented only a fraction of the twelve month period, a number of $454m was recorded, followed by $1.4bn and $1.7bn in the proceeding two years.
The average number of operating slot machines during June of this year at the 12 casinos was 25,737, compared to 25,685 in June of last year, with half of the total number of casinos reporting gross revenue declines in FY 2017/18.
Parx Casino was the best performing property in terms of gross revenue, reaching figures of a fraction over $400m, jumping 3.66 per cent from FY 2016/17’s $386m, largely helped by rise of over 10 per cent to $34m in June alone.
Second highest grossing behind the Parx is the Sands Casino Resort Bethlehem, who’s 2.84 per cent increase in June to $34.8m aided a recovery to a marginal 0.69 per cent FY decline to $302m.
Results highlighted by The Valley Forge Casino Resort show the highest percentage increase for 2017/18 and the month June, with an 8.05 per cent increase to $86m and 18.15 per cent gain reaching $7.5m respectively.
The unfortunate honour of the largest decreases is held by the Lady Luck Casino Nemacolin, who’s 11.78 per cent drop to $2.3m in June contributed to an overall 4.29 per cent decline to a FY revenue total of $28.8m
Since operations commenced in 2006, a grand total of $24.8bn has been made in revenue from slot play alone, which has resulted in a tax generation of $13.3bn.