Revenues from Pennsylvania Table Games Up 12%
HARRISBURG, Pa. -- Gross revenues from table games at Pennsylvania casinos were $59,378,324 in January, up 12% from January 2012. The table games at the 11 casinos in operation also generated tax revenues of more than $8.5 million.
Of local interest, gross revenue from the 53 tables at Presque Isle Downs in Erie, owned by MTR Gaming Inc., also owner of Mountaineer Casino, Racetrack and Resort in Chester, W.Va., dropped to $1,183,829 from $1,307,984 last January. Gross revenues were up at Rivers Casino, Pittsburgh, to $5,927,808 this January compared with $5,162,804, but the casino had 116 tables this year but 108 in January 2012.
The tax revenues were generated with an average of 1,026 tables in operation daily compared to 962 tables operating in January 2012. Gross revenues from both slots and tables were $247,622,923 this January compared to $243,498,055 in January of last year, an increase of just under 2%.
All of the 11 casinos in operation offer both slot machines and table games, employ more than 16,000 people, and collectively generate an average of $4 million per day in tax revenues, according to the Pennsylvania Gaming Board. A portion of that money is used to reduce the property taxes of all Pennsylvania homeowners, provide funds to the Commonwealth's horse racing industry, fire companies, a statewide water and sewer project grant program and the state's general fund and establish a new stream of funding to local governments, which host casinos, for community projects.
Published by The Business Journal, Youngstown, Ohio.
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