July 7, 2016

Gaming Control Board: PA Slot Machine Revenue Up Over 2% In FY 2015-16

The Gaming Control Board Thursday reported slot machine revenue grew 2.3 percent during the recently completed 2015-2016 state fiscal year compared to the previous fiscal year.
It was the second consecutive fiscal year in which total slots revenue grew in Pennsylvania.
The yearly increase came in spite of a slight decrease in monthly slots revenue of 1.1 percent in June 2016.
The findings were part of a report posted on the Board’s web site that provides monthly revenue figures for all 12 of the Commonwealth’s casinos.
Slot machine revenue was up 9 of the 12 months during the fiscal year, with a FY 2015-2016 total of $2,388,658,549 compared to $2,335,787,919 during the 2014-2015 fiscal year. Tax revenue produced through slot machine play during the 2015/2016 Fiscal Year totaled $1,276,133,621.
These figures do not include revenue and tax generation during the fiscal year from table games. The Board will provide those figures later this month when it publishes its June 2016 revenue report for table games.
To date, since the opening of the first slot machine casino in November of 2006, revenue from slot machine play has totaled $20 billion resulting in a tax generation of $11.3 billion.
Tax revenue from slot machines is designated under the Gaming Act to fund homeowner property tax reduction; increase purses and provide health and pension benefits to personnel in the horse racing industry; provide revenue toward economic development projects statewide including water and sewer projects; assist thousands of local fire and emergency companies with annual grants; and, provide a new stream of tax revenue to the county and local governments which host a casino.
Click Here for a more complete summary of revenues.
Related Story:
June State Revenue Down $67.2M, Barely Above Estimates For FY 2015-16