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Pennsylvania Records Increase in Gaming Revenues for December 2019
February 2, 2020 TamaraTam
The Pennsylvania Gaming Control Board (PGCB) has recently unveiled the financial report for this past December. The results show 3.4% growth in gaming and fantasy revenues compared to the same timeframe in 2018. The board is entitled for regulating revenues coming from several sources including slot machines, table chances, internet gaming, retail, internet sports betting, fantasy contests and video gaming chances. Players can visit the official website of the PGCB to see detailed revenues for each game.
Overall Results
The report disclosed by the authority shows that gaming revenues increased both on the land-based and online level. At the moment, Pennsylvania includes 10 stand-alone and racetrack venues together with two small gaming resorts. The state works on the construction of the 13th casino as well as on the introduction of numerous mini-casino resorts. All of them will begin operation over the next period.
PA has obvious benefits from the casino industry which is one of the reasons for the planned expansion. The state has recorded an enormous increase in gaming revenues, reaching $118,178,675 in December 2019. With the additional inclusion of gaming opportunities, the state will continue in the same style.
Slot Revenues
Taking into consideration slot machine income for December 2019, we can see a 7.6% decrease in profit compared to the same time in 2018. The state has marked a total of $187,473,942 which is something lower than $202,840,435 the year before. At the same time, there were 24,116 active slot machines during December 2019 as opposed to 25,442 in December 2018.
Table Games Profits
Taking a look now at December 2019 table games figures, there is a slight increase in revenues compared to the same time in 2018. It resulted in a $78,094,839 total amount or 4.8% higher than the year before when the state casinos generated about $74,516,793 in profits. The best results have been recorded by Bethlehem venues which saw 22,434,680 total in table games revenues.
Internet Gaming Bets
Pennsylvania casinos have also marked good results in internet gaming revenues. Only from online casino games, the state made $10,624,699 in gross revenues or 10.3% higher than in November 2019 when the total earnings stood at $9,655,811. The best result has been made seen by Mount Airy Casino Resort with $4,032,194.
Sports Wagering Revenues
Sports wagering is another lucrative source of income for PA casinos. The total amount of generated revenues from both online and retail chances stood at $342,560,389 or 8.2% better than the November’s total of $316,468,264. The best results have been recorded by Valley Forge Casino Resort with sports wagering reaching $4,111,869 level.
Video Gaming and Fantasy Chances Figures
According to the Board’s December report, video gaming terminals generated $879,153 in revenues compared to the previous month’s level of $659,288. It is also worth mentioning that Fantasy Contests revenues reached $3,435,621 in December 2019, which was a 20,1% increase than last year’s level.
Source:
“Pennsylvania gaming revenue grows in December“, yogonet.com, January 17, 2020.
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