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Revenue from Slot Machines Falls Six Percent in the Month of December

Posted by Samantha A. on Tuesday, January 10, 2017

Img: www.cleveland.com

Revenue that is gained from slot machines at Pennsylvania’s 12 casinos fell nearly a quarter of 1% over the total of the last year, while the revenues in the month of December alone fell by a total of six percent, stated by the Pennsylvania Gaming Control Board.

The total revenue that was calculated for the twelve casinos within the state in 2016 was a total of 2.36 billion dollars, this is just under the 2.37 billion dollars that was received in the year of 2015.  The month of December 2016 revenues fell from a total of 197.5 million dollars in the year of 2015 to a total of 185.3 million dollars. 

The revenue that was taken in by the Hollywood Casino located inside the Pen National Race Course that is actually owned by the Penn National Gaming Inc. that is based out of Wyomissing found a 2.64 percent decline as it went from 215.6 million dollars in 2015 to a total of 209.9 million dollars in 2016.  For the month of December alone the decline was a total of three percent from 17.3 million dollars in 2015 to 16.8 million dollars in 2016.

Slot Machines generated close to 1.3 billion dollars in the year 2016, which a lot of this went towards property tax decreases for homeowners, the reinforcement of the state’s horse racing industry as well as many economic developmental projects.

The Parx Casino that is located in Philadelphia was the top of the revenue for the year of 2016 with a total of 390 million dollars.  The Sugarhouse casino that is also located in Philadelphia earned a total of 181.2 million dollars, as well as being the winner with the largest percentage increase in revenue with an increase of 3.97 percent.  The Sugarhouse casino earned a total of 174.2 million dollars in the year of 2015.

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