Overall PA casino revenue stays relatively flat in October

Pennsylvania Casino Revenue Flat As Slot Revenue Falls For 12th Time In 13 Months

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A small decrease in slot revenue and a slight increase in table game revenue led to a relatively flat month for Pennsylvania casinos in October, in what is becoming a recurring theme in the state.

The big takeaway continues to be the state’s slot revenue slump.

Pennsylvania casinos endured an 11-month slide in slot revenue before righting the ship in September. Unfortunately, September’s 1.7 percent slot revenue increase already looks like an outlier, as slot revenue fell for the 12th time in 13 months in October.

Top line numbers for October 2017

Here’s a look at the top line October numbers:

  • Slot machine revenue: $189,527,493.24 (-1.21 percent)
  • Table game revenue: $72,416,690 (+1.76 percent)
  • Total gaming revenue: $261,944,183 (-0.41 percent)

12-month slot revenue trend

Pennsylvania’s slot revenue drop is so pronounced that the beginning of the downward trend (October 2016) no longer appears in our 12-month tracking.

  • November 2016 slot machine revenue: $179,399,603.94 (-4.34 percent)
  • December 2016 slot machine revenue: $185,349,872.22 (-6.17 percent)
  • January 2017 slot machine revenue: $180,304,669.91 (-2.44 percent)
  • February 2017 slot machine revenue: $192,268,470 (-3.95 percent*)
  • March 2017 slot machine revenue: $209,984,146.94 (-.6 percent)
  • April 2017 slot machine revenue: $205,702,752.11 (-1.58 percent)
  • May 2017 slot machine revenue: $203,248,175.70 (-2.68 percent)
  • June 2017 slot machine revenue: $188,520,750 (-.77 percent)
  • July 2017 slot machine revenue: $209,124,965.58 (-2.01 percent)
  • August 2017 slot machine revenue: $193,190,477.69 (-.39 percent)
  • September 2017 slot machine revenue: $195,396,966.03 (+1.69 percent)
  • October 2017 slot machine revenue: $189,527,493.24 (-1.21 percent)

*Accounting for the leap year in 2016, the normalized numbers in February have slot revenue down just .5 percent YoY.

A look at who won and who lost in October

October saw four casinos post year-over-year revenue gains, once again the changes saw Mount Airy at the top.

Mount Airy is turning into the SugarHouse of 2017. After completing a nine-figure expansion in early 2016, SugarHouse saw revenue grow by double digits for most of the year. Mount Airy has been growing at a similar clip during the past four months.

Even though eight casinos posted YoY revenue declines, five saw revenues dip by less than two percent.

  1. Mount Airy Casino Resort: 12.53%
  2. Lady Luck Casino Nemacolin: 5.98%
  3. Sands Casino Resort Bethlehem: 3.93%
  4. Parx Casino: 1.61%
  5. Valley Forge Casino Resort: -0.20%
  6. Harrah’s Philadelphia: -1.28%
  7. The Meadows Casino: 1.59%
  8. Presque Isle Downs and Casino: -1.77%
  9. Hollywood Casino at Penn National Race Course: -1.88%
  10. Rivers Casino: -4.01%
  11. SugarHouse Casino: -7.64%
  12. Mohegan Sun Pocono: -8.92%

Market share: October 2017

Casino-by-casino analysis: October 2017

Parx Casino

Parx was one of only four casinos to post a YoY revenue increase in October.

After ceding the top spot to Sands in September. Parx easily reclaimed the top spot in October, despite Sands doubling Parx’s revenue growth in October.

Sands Bethlehem

Sands’ casino revenue rose by four percent in October.

The casino is still the subject of sale rumors, and the impetus to sell may have received a boost thanks to the state legalizing online gambling, something Sands’ current owner, Sheldon Adelson, is strongly opposed to.

If Sands wants to keep pace with Parx it will need to delve into the online sector, which might be a bridge too far for Adelson.

Rivers Casino

Aside from Parx and Sands, Rivers is the only casino in Pennsylvania with a market share over ten percent.

Despite a down month, the Rush Street-owned property generated almost $27 million in October.

SugarHouse Casino

The other Rush Street property in Pennsylvania, SugarHouse, had its first poor month in quite a while, with YoY revenue dropping by nearly eight percent.

Still, the former middling casino has done an outstanding job since its expansion project was completed last year. SugarHouse is now the clear No. 4 casino in the market.

Harrah’s Philadelphia

In a down month for the industry, Harrah’s revenue was pretty stable YoY.

Harrah’s had mixed results in October. Slot revenue was down a touch and table game revenue ticked up by nearly four percent.

Hollywood Casino at Penn National

Hollywood’s casino revenue dropped by less than two percent in October, with slots and table games down slightly.

The Meadows Casino

Meadows is on a table games tear, and is no longer a one-trick pony.

Over the last five months, Meadows table game revenue has grown by 20 percent, 40 percent, 117 percent, 20 percent, and 23 percent in October.

Mohegan Sun at Pocono Downs

A tough month for Mohegan Sun saw revenues fall across the board, including a 30-percent drop in table game revenue.

Mount Airy Casino Resort

Mount Airy saw slot revenue rise by 4.5 percent and table game revenue by over 30 percent in October.

With its recent success, Mount Airy is closing on both Hollywood Casino and Mohegan Sun.

Presque Isle Downs and Casino

Small declines in both slot and table game revenue led to Presque Isle’s total casino revenue falling less than two percent for the month.

Valley Forge Casino Resort

Valley Forge is on the precipice of overtaking Presque Isle.

After paying $1 million to remove the longstanding amenity requirement that acted as a de facto door charge to enter the casino, Valley Forge could conceivably pass Presque Isle in the coming months.

Lady Luck Casino Nemacolin

The state’s smallest casino had another solid month in October, with casino revenue jumping nearly six percent YoY.

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Historical look at casino revenue in Pennsylvania

PA Revenue

- Steve covers nearly every angle of online poker in his job as a full-time freelance poker writer. His primary focus for OPR is the developing legal and legislative picture for regulated US online poker and gambling.
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