{"id":61146,"date":"2017-10-19T09:55:01","date_gmt":"2017-10-19T16:55:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=61146"},"modified":"2017-10-19T09:55:01","modified_gmt":"2017-10-19T16:55:01","slug":"pennsylvania-table-games-revenue-up-nearly-10-percent-in-september","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/","title":{"rendered":"Pennsylvania Table Games Revenue Up Nearly 10 Percent in September"},"content":{"rendered":"

According to the latest report from the Pennsylvania Gaming Control Board, the state\u2019s 1,252 gaming tables in daily operation (on average) generated $76 million in September, up nearly 10 percent year-over-year. The uptick is a refreshing reprieve from sluggish gaming revenue numbers in the state earlier in the year.<\/p>\n

\"Table
Gaming revenues in Pennsylvania are on the rise in September, after a lackluster start for casinos to 2017. (Image: PennLive.com)<\/figcaption><\/figure>\n

Sands Casino in Bethlehem jumped 17 percent, for the largest gain in the state. The Pennsylvania outpost of Las Vegas Sands corporation brought in $22.6 million in 2017, up $3.2 million compared to last year.<\/p>\n

Despite the casino\u2019s success, or perhaps because of it, Sands Bethlehem is currently being shopped around<\/a> to interested buyers, with a bid from a New York investment firm expected later this month or early November.<\/p>\n

Bucking National Trends<\/h2>\n

Second only to Nevada, Pennsylvania has benefited the most from casino revenues of any state in the US. Raking in nearly a third of what Nevada brings in monthly, Pennsylvania\u2019s 12 casinos pull in more gaming revenue than Atlantic City, which brought in $58 million in table games revenue from its eight casino locations.<\/p>\n

Meanwhile, in the Silver State, according to data released by the Nevada Gaming Control Board, table games made up to $344.4 million in revenues in May. That may sound like a big number, but it\u2019s not raining money in Nevada. That\u2019s because even though revenue was up at the tables this year, volume was down.<\/p>\n

Michael Lawton, senior research analyst for the Tax and License Division of the board, told the Las Vegas Sun<\/em>, the overall amount of game action is down this fiscal year.<\/p>\n

\u201cLuck played a lot into that, because the drop was down 2.4 percent with $29.8 billion in game and table volume,\u201d Lawton said. \u201cThe hold was 13.97 percent. That\u2019s the highest game and table hold percentage since fiscal year 2004. It\u2019s a little bit of an anomaly.\u201d<\/p><\/blockquote>\n

It\u2019s hard to say, specifically why table games, especially in Pennsylvania, have become such an attractive option to gamblers this year.<\/p>\n

Expanded Gambling Still on Table<\/h2>\n

Analysts attribute some of the additional spend to an overall improving economy, and competition among casinos doing more to bring in players in Pennsylvania as well as nearby New Jersey.<\/p>\n

Throughout much of 2017, Pennsylvania\u2019s state legislature has been considering an expansion of gambling, including laws to legalize online gambling and poker, to address serious budget shortfalls.<\/p>\n

And while the Republican-controlled House and Senate have both been unable to come up with a comprehensive fix to fill a $2.2 billion hole in the state\u2019s $32 billion budget<\/a> without raising taxes, all sides agree in principle that additional gambling revenues in some capacity should be part of it.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the latest report from the Pennsylvania Gaming Control Board, the state\u2019s 1,252 gaming tables in daily operation (on average) generated $76 million in September, up nearly 10 percent year-over-year. The uptick is a refreshing reprieve from sluggish gaming revenue numbers in the state earlier in the year. Sands Casino in Bethlehem jumped 17 […]<\/p>\n","protected":false},"author":42,"featured_media":61147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,13,18],"tags":[],"acf":[],"yoast_head":"\nPennsylvania Table Games Revenue Up Nearly 10 Percent in September<\/title>\n<meta name=\"description\" content=\"Monthly revenue reports are in, and Pennsylvania table game numbers reveal gamblers in that state\u2019s 12 casinos showing up ready to play.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pennsylvania Table Games Revenue Up Nearly 10 Percent in September\" \/>\n<meta property=\"og:description\" content=\"Monthly revenue reports are in, and Pennsylvania table game numbers reveal gamblers in that state\u2019s 12 casinos showing up ready to play.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-19T16:55:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/10\/casino4jpg-dd3b05a140929776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/\",\"url\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/\",\"name\":\"Pennsylvania Table Games Revenue Up Nearly 10 Percent in September\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/10\/casino4jpg-dd3b05a140929776.jpg\",\"datePublished\":\"2017-10-19T16:55:01+00:00\",\"dateModified\":\"2017-10-19T16:55:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Monthly revenue reports are in, and Pennsylvania table game numbers reveal gamblers in that state\u2019s 12 casinos showing up ready to play.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/pennsylvania-table-games-revenue-up-nearly-10-percent-in-september\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/10\/casino4jpg-dd3b05a140929776.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2017\/10\/casino4jpg-dd3b05a140929776.jpg\",\"width\":620,\"height\":392,\"caption\":\"Gaming revenues in Pennsylvania are on the rise in September, after a lackluster start for casinos to 2017. 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