Pennsylvania casino revenues down 18%, hammered by pandemic
HARRISBURG, Pa. (AP) — Pandemic-related shutdowns in Pennsylvania, the nation’s No. 2 commercial gambling state, helped knock casino revenue down by 18%, and it would have been much worse without the advent of online gambling and sports betting. State regulators reported Thursday that revenue from regulated gambling in Pennsylvania shrank to $2.7 billion in the just-finished fiscal year, down from a new record high above $3.3 billion. Revenue from slot-machine gambling and table games were down more than $900 million combined. But online gambling contributed $240 million and sports betting brought in $114 million in the first full year for both in Pennsylvania. Tax collections are expected to shrink to $1.1 billion from $1.4 billion a year ago. The Chart below shows all of the PA casino’s revenue from June of 2020 as compared to June of 2019.
June 2020
Total Revenue |
June 2019
Total Revenue |
% Change
|
|
Rivers Casino Pittsburgh
|
$20,550,090
|
$30,453,234
|
-32.52%
|
Hollywood Casino at Penn National
|
$18,748,208
|
$20,242,701
|
-7.38%
|
Rivers Casino Philadelphia
|
$15,584,263
|
$25,297,592
|
-38.40%
|
Mount Airy Casino Resort
|
$15,145,202
|
$15,817,248
|
-4.25%
|
The Meadows Casino
|
$14,425,335
|
$20,590,718
|
-29.94%
|
Valley Forge Casino Resort
|
$12,916,182
|
$11,154,912
|
15.79%
|
Parx Casino
|
$10,289,147
|
$49,684,433
|
-79.29%
|
Mohegan Sun Pocono
|
$9,055,990
|
$18,005,466
|
-49.70%
|
Harrah’s Philadelphia
|
$6,283,043
|
$21,399,563
|
-70.64%
|
Wind Creek Bethlehem
|
$3,235,741
|
$43,356,000
|
-92.54%
|
Presque Isle Downs and Casino
|
$2,353,386
|
$11,145,856
|
-78.89%
|
Lady Luck Casino Nemacolin
|
$2,271,234
|
$2,559,128
|
-11.25%
|
Fantasy Contests
|
$647,246
|
$1,592,313
|
-59.35%
|
Video Gaming Terminals
|
$1,077,425
|
—
|
N/A
|
Statewide Total
|
$132,582,494
|
$271,299,166
|
-51.13%
|
Total tax revenue generated collectively through all forms of gaming and fantasy contests was $59,087,956* during June of 2020.