Pennsylvania Casinos Win $250M In November
Keystone State Casino Industry Should See Small Uptick In 2016
As Pennsylvania remains in the mix for legalizing online casino gambling next year, the state’s brick-and-mortar casinos turned in a lackluster November.
According to figures released by state gaming regulators, the 12 casinos won a combined $249.6 million in November, down slightly from the $253.1 million won in November 2015. The good news is that through the first 11 months of 2016, the casinos won nearly $3 billion. They won about $3.1 billion in 2015, so the state’s casino gambling market should be up slightly this calendar year, which would mark two consecutive years of gains.
Last month, $70.2 million (seven percent year-over-year increase) came from the table games, while $179.4 million was won from slot machines (four percent year-over-year decrease).
An average of 1,216 tables were in operation statewide on a daily basis in November of this year compared to 1,139 in operation last November. The average number of slot machines operating on a daily basis was 26,406 during November 2016 compared to 26,229 in November 2015.
Overall gaming win at the state’s two largest casinos, Parx and Sands Bethlehem, were up about five percent and four percent in November, respectively. They each won about $44 million last month. Nine of the state’s 12 casinos saw year-over-year declines.
Statewide, $4.87 million was raked from poker during the month.
Pennsylvania saw record gaming win in 2015, but revenue has stayed at about the $3.1-million mark since 2012. In other words, the gambling market has remained relatively flat in the Keystone State, leading lawmakers to look at expanding gambling to the internet.
New casino construction in states like New York, Massachusetts and Maryland have increased the competition for gambling dollars in the Northeast region.
Here’s a look at Pennsylvania gaming win since the first casino opened in 2006:
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