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Pennsylvania slots generate $2.35B revenue in FY 2017-18

Pennsylvania slot machines eke $2.35B revenue in FY 2017-18 Pennsylvania slots generate $2.35B revenue in FY 2017-18 Gross revenues of Pennsylvania casinos slot machines inched up by 0.7 percent during the state’s most recent fiscal year, according to the Pennsylvania http://pokeronlinesk2.webteksites.com Gaming Control Board (PGCB). Financial data provided by the state gambling regulator showed that the combined slot machine revenues of Pennsylvania’s 12 casinos improved a tad to $2.35 billion in the fiscal year that ended June 30, 2018, from $2.33 billion in fiscal 2016-17. However, the total slot machine revenue for FY2017-18 was nowhere near the $2.5 billion peak that Pennsylvania saw in FY 2011-12. Meanwhile, tax revenues from slot machine play dropped for the second consecutive fiscal year, falling 3.5 percent http://topslotskx6kf.tosaweb.com to $1.19 billion in FY 2017-18 from $1.23 billion during the previous fiscal year. At least five of the 12 casinos reported year-on-year slots gains in FY 2017-18, led by Valley Forge Casino Resort, which climbed 8.05 percent to $86.67 million. The state’s perennial slots champ, the Parx Casino in Philadelphia, posted total slots revenue of $400.73 million, 3.66 percent higher than the previous fiscal year. The third-biggest gainer was Rivers Casino, which saw a 3.35 percent jump to $274.24 million. Lady Luck Casino Nemacolin was the biggest loser among the 12 Pennsylvania casinos , according to the state regulator. Lady Luck’s slots revenue plunged 4.29 percent to $28.86 million in FY2017-18. Luck was also in short supply at Meadows Casino, where slots revenue dropped by 3.85 percent to $209.52 million.

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