Gaming board reports June and fiscal year slots revenue
The Meadows Casino saw a slight increase in gross slot machine revenue in June, according to the latest statistics provided Thursday by the Pennsylvania Gaming Control Board.
The North Strabane Township gaming and entertainment venue produced a slight decrease – just over 3 percent – in slots revenue over the past fiscal year, July 1, 2014 to June 30, 2015, the PGCB also reported.
The Meadows Casino, one of 12 operating in Pennsylvania, had June gross slots revenue of $18,168,494, up .28 percent from the 18,118,379 it collected in June 2014. For the fiscal year ended June 30, The Meadows saw slot revenue fall 3.10 percent, to $214,000,719 compared to $2220,846,999 for fiscal year 2013-14.
Pittsburgh’s River Casino saw a 6.12 percent increase in its June slots gross revenue, moving to $22,784,321 from $21,470,636 it took in June 2014.
Lady Luck Casino Nemacolin in Farmington rose 23.72 percent, moving to $2,661,816 last month from $2151,476 from June of a year ago.
According to a PGCB news release, slots revenue statewide increased by 2.7 percent in June as compared to June 2014.
The board noted slot machine revenue also grew during a full fiscal year for the first time since fiscal year 2011-12.
In the 12-month period emding June 30, slot machine gross revenue was $2,335,787,919 compared to $2,319,890,598 during the 2013/2014 fiscal year. Tax revenue produced through slot machine play during the 2014/2015 fiscal year totaled $1,247,016,899.
The figures do not include revenue and tax generation during the fiscal year from table games. Total casino gaming revenue figures for the 2014-15 fiscal year that include table games will be released by the Board in a couple of weeks.
To date, since the opening of the first slot machine casino in November of 2006, taxes just from slot machine play have totaled $9.9 billion, the PGCB said.
Tax revenue from slot machines is designated under the Gaming Act to fund homeowner property tax reduction; increase purses and provide health and pension benefits to personnel in the horse racing industry; provide revenue toward economic development projects statewide; assist thousands of local fire and emergency companies with annual grants; and, provide a new stream of tax revenue to the county and local governments which host a casino.