Revenue At Pennsylvania Poker Room Revenues Continued To Slip And Slide In September
Pennsylvania poker room revenues continued to tumble in the month of September.
PA poker rooms raked in a recent high of $5.1 million in gross revenue in July 2017. However, the numbers came back down to earth in August 2017 with the state’s 10 poker rooms reporting $4.9 million in revenue.
According to figures posted by the Pennsylvania Gaming Control Board this week, poker room revenue numbers are now on a two-month downswing. In fact PA poker rooms raked in just $4.5 million in September.
However, despite the fact September PA poker room revenues were down from July and August of this year, they were slightly up from the same month last year. In September 2016, PA poker rooms posted $4.489 million in revenue.
Over $400 million in PA poker room revenues and counting
The 12-month high for monthly poker room revenues in the state was $5.4 million recorded in March 2017. PA poker rooms raked in $59.1 million in gross revenue in the fiscal year that ended in June 2017. Plus, the rooms have posted $402 million in gross revenue from the time poker was authorized at PA casinos in 2010 until the end of the last fiscal year.
The rooms also paid over $51 million in taxes over that time period.
The state charges a 14 percent tax for the first two years on PA poker room revenues. The number dips to 12 percent after that. In fact, PA poker rooms paid $630,601 in state taxes from the 229 poker tables in operation in September 2017.
The number of tables in operation was down from 233 to 229. The poker room at the Meadows Racetrack and Casino added eight new tables in August, but dropped seven of them in September. The Pittsburgh-area casino now has 15 poker tables.
In the meantime, Parx Casino helped make up the difference by adding three more tables to the mix in August. The Philadelphia-area casino now has an industry-leading 48 tables in operation.
Additionally, Hollywood Casino at Penn National Race Course added a single table to bring the state-capitol region poker room’s total to 17.
Parx keeps the top spot
Parx Casino continued to set the pace for poker room revenues in PA in September. Poker revenue numbers at Parx were down from $1,573,482 in August to $1,299,349 last month. However, the poker room at Parx remained the only one in the state raking in a seven-figure revenue number.
The 30-table poker room at Sands Casino Resort Bethlehem kept its spot as the number two revenue-generating poker room in the state. However, the $1 million revenue mark has become further out of reach for Sands. The poker room posted $826,184 in gross revenue in September, down from $882,599 in August and $963,810 in July.
Only one of ten poker rooms across the state posted a revenue increase in the month. In fact, the addition of a single table at the now 17-table poker room at Hollywood Casino at Penn National Race Course helped it post a slight revenue increase. Hollywood Casino poker revenues were up from $278,545 in August 2017 to $295,028 last month.