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Pennsylvania Slots Revenue

There has been an increase in the Pennsylvania slots revenue year on year in 2012, according to the latest figures released recently in the state. The collective income from slot machines alone was as high as $2.4 billion, which is an increase of 2.7 per cent over the 2011 figures and certainly represents a huge rise for the casinos in the area. Authorities are attributing a large part of the increase to a new casino near to Philadelphia, which generated a lot of money thanks to its novelty appeal and new build.

“We would have seen a slight rise in revenue generated from slot machine gaming but the amount up to 3 percent is certainly due in large part to the opening of the Valley Forge Casino Resort earlier this year,” said Doug Harbach of the Pennsylvania Gaming Control Board, who is involved in looking at the slot machine figures year in and year out. However, figures across the whole of the state are good where the slot machine games are concerned: SugarHouse Casino in Philadelphia saw an increase of eleven per cent over 2011’s figures, a huge raise, while Parx Casino in Bensalem was up by around two per cent. However, letting the field down a little was the Harrah’s venue in Chester, which managed to drop three per cent. As it is a new casino, there is no comparison figure for the Valley Forge Casino Resort, but those with an interest can be assured that it is certainly doing well and must surely have plenty to offer next year as well.

The state of Pennsylvania places a tax on all venues that host slot machines at fifty five per cent of their revenue, a huge figure which nevertheless still allows these places to turn a profit thanks to the sheer volume of players who pour in through the doors every evening to place their bets. Last year, this tax figure earned them what amounted to $1.3 million in taxes, which can no doubt be put to good use in areas such as schools and law enforcement.

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