Pennsylvania Casinos Post Record Revenue for March ’17
According to a recent statement from the Pennsylvania Gaming Control Board, gross table games revenue clocked in at $79,543,775 compared to $77,914,245 during that same period in 2016. That’s an increase of roughly 2 percent. March must be a time when Keystone State residents love hitting the felt because the previous top revenue month was March 2016.
Leading the revenue charge was the Sands Casino Resort Bethlehem, which is owned by political activist Sheldon Adelson. The Sands drew in a whopping $21.36 million in gross revenue in March. That’s up from $19.68 million the previous March and accounts for an increase of 8.58.
The state’s lowest revenue producing casino for March 2017 was the Rivers Casino in Pittsburgh. For reasons not fully explained by state regulators, table revenue at the Rivers dropped to $5.9 million from $6.7 million the previous March. That’s a drop of almost 12 percent.
Of course what’s good for the goose isn’t always good for the gander. Pennsylvania’s incredible success with regulated casinos has always come at the expense of the casino gaming industry in nearby Atlantic City.
- Ever since Pennsylvania introduced regulated casinos gambling in 2006, its 12 casinos have been siphoning customers away from the New Jersey Shore. A devastated Atlantic City has had incredible problems competing with its next door neighbor and Pennsylvania now carries the title of America’s second largest regulated gambling market. Las Vegas has held the top spot since right around 1933.
All told, combined revenue from Pennsylvania’s regulated table gaming operations for March 2017 was $12,837,539.