May was a good month for almost all of the twelve casinos in Pennsylvania as the state managed to record a 2.59% increase year-on-year in aggregated gross gaming revenues to almost $286.14 million.
Table games triumph:
According to official figures released by the Pennsylvania Gaming Control Board on Tuesday, the overall improvement was led by a nearly 2.21% year-on-year swell in aggregated gross table games revenues to $76.55 million and complemented by approximately $2.86 million in combined takings from the eastern jurisdiction’s collection of eight new sportsbooks.
Leading the pack in terms of May gross gaming revenues was Bensalem’s Parx Casino as the venue owned by Greenwood Gaming and Entertainment Incorporated recorded a 2.75% rise year-on-year to nearly $53.18 million. The figures also showed that this had been boosted by takings from the giant property’s collection of over 220 gaming tables reaching over $16.14 million, which had represented a comparable swell of 0.58%, alongside some $639,922 in new proceeds from sportsbetting.
The official data moreover indicated that Wind Creek Bethlehem, which was formerly known as the Sands Casino Resort Bethlehem, occupied second spot in terms of May gross gaming revenues despite its tally of $43.67 million signifying a year-on-year decline of 6.34%. The Northampton County venue was recently sold by former owner Las Vegas Sands Corporation to the Poarch Band of Creek Indians as part of a $1.3 billion deal and furthermore showed a 10.61% decrease in comparable gross takings from its table games to about $17.53 million.
The figures from the Pennsylvania Gaming Control Board showed that the Rivers Casino Pittsburgh was third in terms of May gross gaming revenues with its tally of just over $32.49 million representing a boost of 12.21% year-on-year. The city center venture run by Rush Street Gaming additionally chalked up a 9.53% rise in takings from its table games to just short of $6.89 million while bringing in some $641,029 from sportsbetting.
Also owned by Rush Street Gaming, Philadelphia’s SugarHouse Casino finished the 31-day month in fourth as its gross gaming revenues grew by 12.01% year-on-year to hit over $28.72 million. This property is in the process of being re-branded as Rivers Casino Philadelphia and furthermore reported a massive 30.38% comparable improvement in takings from its table games to $13.16 million while its new online and land-based sportsbooks added some $711,845 to the pot.
Not much separated The Meadows Racetrack and Casino and Hollywood Casino at Penn National Race Course in fifth and six spot although their May gross gaming revenues of $21.59 million and $21.46 million represented year-on-year escalations of 4.87% and 1.58% respectively. While the former recorded a 9.72% comparable drop in table games takings to $2.92 million, the latter managed to rack up an impressive 4.15% growth to $3.14 million.
May proved a disappointing month for Harrah’s Philadelphia as the Delaware County facility saw its gross gaming revenues plummet by 5.6% year-on-year to $21.23 million while takings from its collection of table games dropped by 18.67% to $4.27 million. But, the venue owned by Caesars Entertainment Corporation was one of the first casinos in Pennsylvania to launch an in-house sportsbook and this operation brought in monthly earnings of some $138,094.
In terms of Luzerne County’s Mohegan Sun Pocono, the data from the Pennsylvania Gaming Control Board showed a 2.49% year-on-year improvement in May gross gaming revenues to $20.84 million with the facility’s table games recording a 30.92% boost to well above $3.79 million.
Regarding the state’s four smaller casinos, Mount Airy Casino Resort led the way as it recorded a 2.75% year-on-year rise in May gross gaming revenues to $15.97 million with takings from its gaming tables improving by almost 20% to hit 3.52 million. It was closely followed by Montgomery County’s Valley Forge Casino Resort as this property’s $12.51 million in monthly earnings represented a 6.52% boost despite a 4.09% diminution in table returns to slightly above $3.63 million.
Rounding out the list and Presque Isle Downs and Casino saw its gross gaming revenues for May hit almost $11.62 million, which represented a 3.29% swell year-on-year, while Lady Luck Casino Nemacolin recorded a more modest 0.12% advance to $2.82 million. But, both venues suffered comparable decreases in takings from their table games with the former’s tally of $1.29 million representing a 1.44% drop while the latter endured an incredible 40.84% decline to only $239,713.
Finally, the Gaming Control Board explained that the twelve casinos had last month contributed some $12.31 million in tax revenues associated with business at their gaming tables while the state’s infant sportsbetting sector had handed over approximately $1.03 million.