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July 18, 2016

Pennsylvania casinos rake in record revenue in 2015-16

Casinos Gambling
02042015_sugarhouse_slots_AP Matt Rourke/AP

Slot machines line the gaming floor at the SugarHouse Casino in Philadelphia.

Casinos in Pennsylvania brought in a record high in revenue for the fiscal year 2015-16.

The Pennsylvania Gaming Control Board (PGCB) released on Monday figures that showed the state's 12 casinos generated just over $3.2 billion in revenue, a 3.6 percent increase from last year.

This year's revenue was $85.8 million more than the previous high set in 2012-13.

Revenue from table games hit a record high of $839 million, which helped put this year's mark over the top.

Two local casinos saw the biggest increase in table games revenue over the last two years. Valley Forge Casino Resort collected $37 million ($13.3 percent more than last year) and Parx Casino reported $155 million (13.2 percent).

Philadelphia's SugarHouse Casino had the fourth-highest increase of table games revenue in the state, recording $105 million (11 percent).

Casinos also collected $2.39 billion in slot machine revenue, which was an increase from last year but still $88.1 million short of the record set in 2011-12.

The PGCB estimates the 12 state casinos' combined tax revenue was $1.4 billion for the year.

To see the complete report, visit the PGCB website.