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PA Gaming

Table Games Revenue Up for May

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May was a good month for table games overall in Pennsylvania, but the numbers were helped by the newest casino.

The state Gaming Control Board is reporting a 7.4% increase in table games revenue for May.  There were 140 new tables operating compared to May of last year, and 50 of them at the newest facility, the Valley Forge Casino Resort.

Revenues were up at four of the existing casinos, but down at six others.  The Sands Casino Resort in Bethlehem saw the biggest increase.

Overall, table games provided over 55.2 million dollars in gross revenue.

In a report released earlier this month, slots revenue was also up for May, by 3.4%, and those numbers too were helped by the addition of Valley Forge, which opened in late March.

Cash

State Revenues Come in Below Estimates in May

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Overall General Fund revenue collections in Pennsylvania were lower than anticipated in May according to the Pennsylvania Department of Revenue.   The state collected 1-point-9 billion dollars in General Fund revenue last month, 2-point-3 percent less than expected.

It follows two months of stronger than expected revenues in March and April.  The state Senate’s proposed budget restores some funding cuts Governor Corbett had proposed in February, based in part on the better collections those months.

Sales tax receipts, personal income and corporate tax revenues were all down for the month of May.  However, other General Fund tax revenue collections, including cigarette, malt beverage, liquor and table game taxes, were 7-point-9 million above projections at 131-point-5 million for the month.

So far with one month left in this fiscal year, collections total 24-point-9 billion,  1-point-3 percent or 332.9 million dollars below estimate.

Back in February, the governor’s office projected the state would end the fiscal year $719-million dollars below estimate.