Hollywood Casino at Penn National Race Course Sees Drop in Revenue
Despite eight consecutive months in revenue increase reported by the Pennsylvania Gaming Control Board, Hollywood Casino at Penn National Race Course reported a decrease in revenue compared to this time last year.
The most recent revenue figures recorded were released today. According to the Pennsylvania Gaming Control Board, in April 2016, table revenue totaled $72,206,809, which was an increase of 11.6 percent over April 2015. Last year’s revenues were reported at $64,684,083.
The state board reported, “When that amount is combined with an earlier reported April slot machine revenue, total gaming revenue was 3.9 percent higher than April of last year, the eighth consecutive month in which overall casino gaming revenue has increased in Pennsylvania. The last decrease occurred in August 2015.”
Hollywood Casino at Penn National Race Course totaled:
April 2016 Table Games Revenue:
April 2015 Table Games Revenue:
Information on table game revenues can be found on the Pennsylvania Gaming Control Board web site. Total tax revenue from table games played during April was $10,264,271, an amount generated prior to any Pennsylvania Department of Revenue adjustments. An average of 1,186 tables are in operation statewide on a daily basis. Table game tax is calculated as 14 percent of the gross revenue.
About the Pennsylvania Gaming Control Board:
The Pennsylvania Gaming Control Board was established in 2004 and is tasked to oversee all aspects of the state’s casino industry. There are 10 stand-alone and racetrack casinos in operation, along with the two resort casinos. These facilities collectively employ over 17,000 people and annually generate more than $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners with additional tax revenue going to the horse racing industry, economic development projects, fire companies, county fairs, water and sewer projects, the Commonwealth’s General Fund, and to local governments that host casinos.