The Pennsylvania Gaming Control Board, a government agency which surveillances over slot machines and gambling in the state, posted a report on its website about the slot machine gaming in the country. The report highlights the total gross revenue and tax revenue generated from slot machines played in the casinos in May 2019.
The report was made after going through gross revenue through slot machines at the 12 casinos in May. These casinos also offer other games like Power Spins that are provided on an online platform. But the board has made report only on the slot machines. The revenue of all the casinos for the month was more than $209 million. There is a 2.7% growth in the revenue as compared to the gross income of May 2018.
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The Pennsylvania Gaming Control Board posted on its web site the monthly report for total gross revenue and tax revenue generated from the play of slot machines at casinos during May 2019. According to the report, the combined gross revenue from slot machines at the 12 casinos in May of this year was $209,579,851.21, 2.7% higher than the May. Moments after Pennsylvania House Bill No. 271 was signed by the governor, Online Poker Report regulated iGaming analyst Steve Ruddock posted a detailed explanation of how the state’s effective 54 percent online slot revenue tax rate might affect the industry.
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Parax casino tops the list of all 12 casinos in terms of the gross collection in May 2019, and Lady Luck Casino Nemacolin is at the lowest position among all the casinos. In terms of percentage growth, Rivers Casino tops the list with 12.95% increment in revenue as compared to May 2018. The average numbers of slot machines operating in May 2018 were 25,168, and in May 2019 the figure was 25,840.
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As per Casinosexpo, the Pennsylvania Gaming Control Board is responsible for overseeing all the aspect of the state’s casino industry. The oversight of the board also includes new games which are to be launched in upcoming months. The state casino network contains 10 Stand-Alone and Racetrack casinos. These casinos give employment to more than 16,000 people and annually generate $1.4 billion in tax revenue.