Pennsylvania casinos had a banner year, as gaming facilities in the state brought in a record $3.2 billion in revenue in 2015.
Inside PA’s record year for casinos
The numbers came from the Pennsylvania Gaming Control Board, which released figures for last year for the state’s brick-and-mortar casinos.
The total for slot machines and casino gaming for 2015? It came in at $3.17 billion, the most ever in the state. It also reversed two years of slight declines of revenue after a record high had been hit in 2012 ($3.16 billion). It’s the highest figure since casinos became legal in the state in 2006.
From the PGCB release:
Combined with previously reported annual slot machine revenue figures, the $3,173,787,012 total revenue produced from casino gaming in 2015 was 3.41% higher than in 2014.
The 2015 figure also edged out 2012 as the highest gaming revenue year in Pennsylvania to date and marks the fifth straight year in which the total casino revenue figure topped $3 billion. Total gaming revenue generated since the first casino opened in Pennsylvania now totals over $22.6 billion through the end of 2015.
Included in that figure is a record for table games of $808 million in gross revenue.
A look at the casinos’ individual figures
Sands Bethlehem continued to lead the way for, accounting for about a quarter of all tabling gaming in the state in 2015, with $214 million. That was up 13 percent over its 2014 total.
Other interesting notes from the figures:
- Parx Casino in Philadelphia was the only other casino that eclipsed $100 million, coming in at $144 million, up 11% year over year.
- Harrah’s Philadelphia is the only casino that saw its revenues decline for table games.
- The Meadows was the only other casino with double-digit percentage growth, up 11% and $3 million in revenue.
Here are the casino gaming totals for every casino in the state, per the PGCB:
The high-water mark, or more growth?
There’s a question of whether this might be the best year PA will ever have for casino gaming, although there is definitely a chance there is growth in 2016. But in the long-term, there will be more competition in the market.
New York has approved licenses for three more casinos, and New Jersey is trying to allow two new casinos to be built in North Jersey.
As the brick-and-mortar gaming market becomes more saturated — over even oversaturated — it would be hard to believe that there could be any sustained growth for PA casinos in the long-term.
The state is looking at online gambling and other gaming expansions as a way to generate more gaming revenue for the state.