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Pennsylvania Casino Gambling Win Falls In October

State Approves More Gambling As Market Was Flat Last Month

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Pennsylvania gaming revenue fell in a year-to-year comparison the same month that lawmakers approved a massive gambling expansion package.

Keystone State gaming regulators said last week that the state’s 12 brick-and-mortar casinos won $261.9 million from gamblers, down 0.4 percent compared to the $263 million won in October 2016.

Pennsylvania Gov. Tom Wolf on Oct. 30 signed gambling reform legislation that included the legalization of internet casinos, the authorization of “satellite” casinos and the removal of a state rule that has held up the construction of a new Las Vegas-style casino in Philadelphia.

Officials in both the House and Senate eyed gambling expansion as a way to generate hundreds of millions of dollars in additional tax revenue and bolster a gaming industry that has plateaued in recent years. The state’s casinos won an all-time high $3.2 billion from gamblers last year, but that was only 1.7 percent more than what was won in 2012. Online gambling could generate another $300 million in additional revenue for the casinos. New Jersey’s four-year-old online gaming market is projected to be about $250 million this year.

Pennsylvania’s brick-and-mortar casino win last month was comprised of $72.4 million in table games revenue and $189.5 million slot machine revenue. Win from the tables was up 1.7 percent year-over-year, while the slot take was down 1.2 percent. Nearly $5 million of the table games revenue came from poker, which was a small uptick.

Revenue grew year-over-year at the state’s two largest casinos, Parx and Sands Bethlehem. Gaming win there increased 1.6 percent and 3.9 percent, respectively. The money won off of gamblers fell at Rivers Casino, SugarHouse Casino and Harrah’s Philadelphia, the next three largest Pennsylvania casinos based on revenue last month.

While October was lackluster for Keystone State gambling, September gaming revenue of $271 million was up 3.8 percent year-over-year compared to $260.9 million.