Pennsylvania Sees Record Gaming Revenue
Brick-And-Mortar Casinos Win $3.17 Billion
Pennsylvania gaming regulators said Friday that the state’s casino industry won $3.17 billion from gamblers in 2015, an all-time high for the Keystone State.
The figure was an increase of 3.41 percent compared to 2014. The grow of table games was the reason. Gross revenue of $808 million from table games at Pennsylvania’s 12 casinos in 2015 was nearly eight percent higher than in 2014.
“The casino gaming market remains strong in Pennsylvania,” Gaming Control Board Chairman David Barasch said in a statement. “This is good news for state residents who once again saw a return of nearly $1.4 billion in tax revenue that is used by the Commonwealth and communities statewide for a myriad of projects, and to all homeowners for a reduction in their school property taxes.”
Pennsylvania’s casino industry launched in 2006 with gaming win of $31.57 million.
The previous high for casino win was 2012’s $3.15 billion. Gaming revenue declined year-over-year in 2013 and 2014, leading to momentum building for the regulation of online casino games.
An online gaming bill didn’t pass last year, but there is indication that it is still very much alive during the early stages of 2016. Pennsylvania determined that regulated online gaming would eventually be a $300 million market, helping shore up revenues for the state’s casino industry.
Other proposals, such as slots at airports, have been considered in tandem with I-gaming.
Pennsylvania will soon see a 13th brick-and-mortar casino. Major hurdles were cleared late last year for a new casino in Philadelphia, which will be the second within city limits.
Pennsylvania’s commercial casino gambling market is the second largest in the country behind Nevada, though if you count tribal gaming then California is no. 2.
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