Pennsylvania Live Poker Rooms Came Back Down To Earth, Revenue-Wise, In August
PA poker rooms raked in $5.1 million in gross revenue in July 2017. This was up from the $4.6 million revenue figure from a month earlier. Plus, it was a year-over-year increase above the $4.9 million in revenue the state’s 10 poker rooms posted in July 2016.
However, the rooms brought in $4.9 million in poker revenue in August 2017, according to figures posted by the Pennsylvania Gaming Control Board last week. This was down from the $5.1 million raked in July 2017 and slightly off the $4.93 million earned in August 2016.
The $5.4 million raked by poker rooms in March 2017 still represents the highest monthly PA poker revenue number reached over the past year.
More than $680,000 in taxes paid to Pennsylvania
The state charges a 12 percent tax rate on poker tables. However, that rate is 14 percent for the first two years a PA poker room is in operation. As a result, Pennsylvania collected $687,353 in state taxes from the 233 poker tables in operation in August 2017.
The number of tables was actually up from 225 to 233, thanks to the poker room at The Meadows Racetrack and Casino adding eight new tables. The Pittsburgh-area casino now has 22 poker tables. Additionally, it is gearing up to host a stop on the Heartland Poker Tour from Oct. 26 – Nov. 6.
However, poker revenue numbers at the Meadows were still down in August, from $202,783 in July 2017 to $178,463 last month.
Parx remains PA poker revenue leader
Parx Casino continued to host the state’s top-grossing poker room in August. In fact, poker revenue numbers at Parx were up from $1,522,706 in July 2017 to $1,573,482 last month. Parx and its 45 tables in operation remained the only PA poker room to gross above seven figures.
However, the 30-table poker room at Sands Casino Resort Bethlehem sits close to achieving that feat. Poker revenues at Sands were down from $963,810 in July 2017 to $882,599 in August, but the $1 million mark remains in reach.
There are 12 casinos in Pennsylvania. Only Lady Luck Casino Nemacolin and Valley Forge Casino Resort do not have poker rooms.
Pennsylvania poker rooms compete
The seven-table poker room at Presque Isle Downs & Casino in Erie, PA remains the state’s smallest. However, poker revenues at Presque Isle Downs were actually up from $85,300 in July 2017 to $88,160 last month.
Only the live poker rooms at Presque Isle Downs, Meadows, Mount Airy Casino Resort ($121,585), and Mohegan Sun Pocono ($193,267) posted poker revenues under $200,000 last month.
In the meantime, Hollywood Casino at Penn National Race Course posted $278,545 in poker revenue in August. Additionally, Harrah’s Philadelphia Casino and Racetrack claimed $401,659.
SugarHouse Casino in Philadelphia ($654,894) and Rivers Casino Pittsburgh ($537,012) both pulled in over $500,000 in poker revenue last month.