July slots revenue way up

Slot revenue figures from Pennsylvania’s nine casinos suggest traffic has increased, in the month since table games have been introduced.

Slots generated $116 million in tax revenue for the state last month. Of the eight casinos open this time last year, six saw increased figures, compared to July 2009.

The Sands Casino’s slots revenue jumped 25 percent, while Philadelphia Park’s increased by 19 percent. On the flip side, Meadows slots revenue dropped 20 percent, and Harrah’s stayed about even.

Gaming Control Board spokesman Doug Harbach attributes the slots uptick to table games.

Earlier this week, the Revenue Department announced table games produced $1.6 million dollars worth of tax money in July. That’s below the $6.2 million dollar monthly estimate, but Harbach says the figure only covers a stretch of about two weeks.  “The way this is working for table games is the Revenue Department isn’t requiring the casinos to report their final figures for a month, until the 20th of the following month,” he explains.  “So until they get it, then we get it, it will be after the 20th of each month until we get a reconciled figure.”

Slots are taxed at a 55 percent rate, while table games are subject to a lower 16 percent levy.

About pubradiopolitics
Scott covers state government and politics for Pennsylvania's public radio stations, including WITF in Harrisburg, WHYY in Philadelphia and WDUQ in Pittsburgh.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: